In a report released yesterday, John M. White from Roth Capital reiterated a Buy rating on Superior Drilling Products (NYSE: SDPI), with a price target of $2.50. The company’s shares closed yesterday at $1.81.
According to TipRanks.com, White is a 3-star analyst with an average return of 2.0% and a 47.3% success rate. White covers the Basic Materials sector, focusing on stocks such as Lonestar Resources US, SRC Energy Inc, and Profire Energy.
Superior Drilling Products has an analyst consensus of Moderate Buy, with a price target consensus of $2.50.
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Superior Drilling Products’ market cap is currently $44.41M and has a P/E ratio of 670.37. The company has a Price to Book ratio of 3.06.
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Superior Drilling Products, Inc. a drilling and completion tool technology company, engages in the manufacture, repair, sale and rental of drilling tools. It offers the following products and services: Drill-n-Ream, CT Strider, Strider, V-Stream, DR Stringer, PDC Bit Repair, manufacturing and Xtech R&D. The company was founded by Annette Deuel Meier and Gilbert Troy Meier in 1993 and is headquartered in Vernal, UT.
