NYSEAMERICAN:SDPI

Superior Drilling Products - SDPI Stock Forecast, Price & News

$0.91

0.00 (0.00%)

(As of 03/29/2023 12:00 AM ET)

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Today's Range: $0.90
▼
$0.95
50-Day Range: $0.67
▼
$0.88
52-Week Range: $0.62
▼
$1.34

Volume: 23,928 shs
Average Volume: 93,421 shs
Market Capitalization: $26.62 million

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $2.00

Institutional Ownership

Headlines

Short Interest

Social Media

Superior Drilling Products MarketRank™ Forecast

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 119.7% Upside
$2.00 Price Target
Short Interest: Healthy
0.28% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 1.00
Based on 3 Articles This Week
Insider Trading: Acquiring Shares
$154,825 Bought Last Quarter
Proj. Earnings Growth: Growing
From ($0.05) to ($0.03) Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.60 out of 5 stars

3.5

Analyst's Opinion

Consensus Rating
Superior Drilling Products has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 1 buy rating, no hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $2.00, Superior Drilling Products has a forecasted upside of 119.7% from its current price of $0.91.
Amount of Analyst Coverage
Superior Drilling Products has only been the subject of 1 research reports in the past 90 days.

5.0

Short Interest

Percentage of Shares Shorted
0.28% of the float of Superior Drilling Products has been sold short.
Short Interest Ratio / Days to Cover
Superior Drilling Products has a short interest ratio ("days to cover") of 0.3, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Superior Drilling Products has recently decreased by 51.02%, indicating that investor sentiment is improving significantly.

0.0

Dividend Strength

Dividend Yield
Superior Drilling Products does not currently pay a dividend.
Dividend Growth
Superior Drilling Products does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for SDPI.

3.3

News and Social Media Coverage

News Sentiment
Superior Drilling Products has a news sentiment score of 1.00. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.45 average news sentiment score of Oils/Energy companies.
News Coverage This Week
MarketBeat has tracked 3 news articles for Superior Drilling Products this week, compared to 0 articles on an average week.
Search Interest
3 people have searched for SDPI on MarketBeat in the last 30 days. This is an increase of 200% compared to the previous 30 days.

3.3

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Superior Drilling Products insiders have bought more of their company's stock than they have sold. Specifically, they have bought $154,825.00 in company stock and sold $0.00 in company stock.
Percentage Held by Insiders
50.10% of the stock of Superior Drilling Products is held by insiders. A high percentage of insider ownership can be a sign of company health.
Percentage Held by Institutions
Only 9.52% of the stock of Superior Drilling Products is held by institutions.

0.6

Earnings and Valuation

Earnings Growth
Earnings for Superior Drilling Products are expected to grow in the coming year, from ($0.05) to ($0.03) per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Superior Drilling Products is -13.00, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of Superior Drilling Products is -13.00, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Book Value per Share Ratio
Superior Drilling Products has a P/B Ratio of 5.69. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Superior Drilling Products (NYSEAMERICAN:SDPI) Stock

Superior Drilling Products, Inc. engages in the manufacture, repair, sale and rental of drilling tools for the oil and natural gas drilling industry. Its drilling solutions include the patented Drill-N-Ream well bore conditioning tool, Strider oscillation system technology, completion tools, V-Stream, DR Stringer, and PDC Bit Repair. The firm also produces and refurbishes polycrystalline diamond compact drill bits for oil field service firms. The company was founded by Annette Deuel Meier and Gilbert Troy Meier in 1993 and is headquartered in Vernal, UT.

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SDPI Stock News Headlines

March 10, 2023 | finance.yahoo.com

Superior Drilling Products, Inc. Delivers Revenue Growth of 43% to $19.1 million with Expanded Margins and Earnings per Share of $0.04 in 2022

February 24, 2023 | msn.com

Insiders Buying Superior Drilling Products And 2 Other Penny Stocks

March 29, 2023 | Porter & Company (Ad)

A strange force is brewing…

An economic force with the potential to be bigger than the 1880s railroad boom, the 1920s automobile boom, the baby boom of the 1960s, or the Dotcom boom of the ‘90s. And while Biden has nothing to do with it… he’ll take full credit.

February 23, 2023 | finance.yahoo.com

Superior Drilling Products to Report Fourth Quarter 2022 Financial Results and Host Conference Call on March 10

February 14, 2023 | finance.yahoo.com

Superior Drilling Products, Inc. Announces Preliminary Full Year 2022 Revenue Growth of Approximately 44%; 2023 Initial Revenue Guidance Suggests Further Growth

November 11, 2022 | finance.yahoo.com

Superior Drilling Products, Inc. Delivers Revenue Growth of 45% to $5.2 million with Expanded Margins in Third Quarter 2022

October 31, 2022 | finance.yahoo.com

Superior Drilling Products to Report Third Quarter 2022 Financial Results and Host Conference Call on November 11, 2022

October 12, 2022 | finance.yahoo.com

Superior Drilling Products, Inc. Updates Third Quarter 2022 Expectations and Reaffirms Full Year 2022 Guidance

March 29, 2023 | The Oxford Club (Ad)

My No. 1 dividend stock for a LIFETIME of income.

Few people realize this… But dividends account for up to 90% of the stock market's returns over the past century! I think it's a crying shame folks don't know how powerful dividends are.

October 6, 2022 | finance.yahoo.com

Superior Drilling Products, Inc. to Webcast Presentation at the MicroCap Rodeo Windy City Roundup Conference

September 12, 2022 | 247wallst.com

Star Equity Pushes Strategic Options to Superior Drilling

August 14, 2022 | uk.investing.com

Superior Drilling Products Tops Q2 EPS by 1c

August 12, 2022 | seekingalpha.com

Superior Drilling Products, Inc. (SDPI) CEO Troy Meier on Q2 2022 Results - Earnings Call Transcript

August 12, 2022 | finance.yahoo.com

Superior Drilling Products, Inc. Revenue Grew 34% to $4.5 million in Second Quarter 2022

July 28, 2022 | finance.yahoo.com

Superior Drilling Products to Report Second Quarter 2022 Financial Results and Host Conference Call on August 12, 2022

July 19, 2022 | seekingalpha.com

SDPI Superior Drilling Products, Inc.

June 29, 2022 | finance.yahoo.com

Superior Drilling Products, Inc. Secures International Distributor Relationship for Drill-N-Ream® Wellbore Conditioning System

May 19, 2022 | seekingalpha.com

Superior Drilling Products regains compliance with NYSE American continued listing standards

May 13, 2022 | seekingalpha.com

Superior Drilling Products, Inc. (SDPI) CEO Troy Meier on Q1 2022 Results - Earnings Call Transcript

May 13, 2022 | finance.yahoo.com

Superior Drilling Products, Inc. Revenue Grew 70% to $4.1 million in First Quarter 2022; Achieved EPS of $0.01

May 12, 2022 | benzinga.com

Superior Drilling Products, Inc. Common Stock Earnings Preview

May 10, 2022 | finance.yahoo.com

Star Equity Issues Open Letter to Board of Superior Drilling Products

April 28, 2022 | finance.yahoo.com

Superior Drilling Products to Report First Quarter 2022 Financial Results and Host Conference Call on May 13

March 13, 2022 | apnews.com

CORRECTING and REPLACING Superior Drilling Products, Inc. Grew Revenue 156% and Achieved Earnings per Share of $0.02 in Fourth Quarter 2021

March 11, 2022 | morningstar.com

Thinking about buying stock in Excellon Resources, Cellectis, Superior Drilling Products, Safe T Group, or Drive Shack?

March 11, 2022 | finance.yahoo.com

Superior Drilling Products, Inc. Grew Revenue 156% and Achieved Earnings per Share of $0.02 in Fourth Quarter 2021

March 3, 2022 | finance.yahoo.com

Superior Drilling Products to Report Fourth Quarter 2021 Financial Results and Host Conference Call on March 11

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SDPI Company Calendar

Last Earnings: 3/11/2022
Today: 3/29/2023
Next Earnings (Estimated): 5/11/2023
Fiscal Year End: 12/31/2023

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Industry, Sector and Symbol

Stock Exchange: NYSEAMERICAN
Industry: Oil & Gas Field Machinery
Sub-Industry: N/A
Sector: Oils/Energy
Current Symbol: NYSEAMERICAN:SDPI
Previous Symbol: NASDAQ:SDPI
CUSIP: N/A
CIK: N/A
Web: www.sdpi.com
Phone: (435) 789-0594
Fax: N/A
Employees: 58
Year Founded: N/A

Price Target and Rating

Average Stock Price Forecast: $2.00
High Stock Price Forecast: $2.00
Low Stock Price Forecast: $2.00
Forecasted Upside/Downside: +119.7%
Consensus Rating: Buy
Rating Score (0-4): 3.00
Research Coverage: 1 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($0.07)
Trailing P/E Ratio: N/A
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $-3,430,000.00
Net Margins: -16.75%
Pretax Margin: -15.92%
Return on Equity: -50.55%
Return on Assets: -13.94%

Debt

Debt-to-Equity Ratio: 1.47
Current Ratio: 1.34
Quick Ratio: 1.10

Sales & Book Value

Annual Sales: $10.47 million
Price / Sales: 2.54
Cash Flow: N/A
Price / Cash Flow: N/A
Book Value: $0.16 per share
Price / Book: 5.69

Miscellaneous

Outstanding Shares: 29,243,000
Free Float: 14,056,000
Market Cap: $26.62 million
Optionable: Not Optionable
Beta: 0.13

Key Executives

Gilbert Troy Meier
Chairman & Chief Executive Officer

Annette Deuel Meier
President, COO, Secretary & Director

Christopher D. Cashion
Chief Financial Officer

Charles Perry Matula
Vice President-Business Development

Tony Benjamin
Director-Human Resources

Key Competitors

View All Competitors

Insiders

View All Insider Transactions

SDPI Stock - Frequently Asked Questions

Should I buy or sell Superior Drilling Products stock right now?: 1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Superior Drilling Products in the last twelve months. There are currently 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "buy" SDPI shares.
View SDPI analyst ratings or view top-rated stocks.
What is Superior Drilling Products' stock price forecast for 2023?: 1 Wall Street research analysts have issued 1-year target prices for Superior Drilling Products' stock. Their SDPI share price forecasts range from $2.00 to $2.00. On average, they expect the company's share price to reach $2.00 in the next twelve months. This suggests a possible upside of 119.7% from the stock's current price.
View analysts price targets for SDPI or view top-rated stocks among Wall Street analysts.
Are investors shorting Superior Drilling Products?: Superior Drilling Products saw a decline in short interest in March. As of March 15th, there was short interest totaling 31,200 shares, a decline of 51.0% from the February 28th total of 63,700 shares. Based on an average daily volume of 90,400 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.3% of the shares of the stock are sold short.
View Superior Drilling Products' Short Interest.
When is Superior Drilling Products' next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Thursday, May 11th 2023.
View our SDPI earnings forecast.
How were Superior Drilling Products' earnings last quarter?: Superior Drilling Products, Inc. (NYSEAMERICAN:SDPI) posted its quarterly earnings data on Friday, March, 11th. The oil and gas company reported $0.02 EPS for the quarter, topping the consensus estimate of ($0.01) by $0.03. The oil and gas company had revenue of $3.95 million for the quarter. Superior Drilling Products had a negative trailing twelve-month return on equity of 50.55% and a negative net margin of 16.75%.
What guidance has Superior Drilling Products issued on next quarter's earnings?: Superior Drilling Products updated its FY 2022 earnings guidance on Tuesday, February, 14th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $19.00 million-$19.20 million, compared to the consensus revenue estimate of $26.60 million.

What other stocks do shareholders of Superior Drilling Products own?: Based on aggregate information from My MarketBeat watchlists, some companies that other Superior Drilling Products investors own include Major Drilling Group International (MDI), Aurora Cannabis (ACB), BCE (BCE), Robert Half International (RHI), TELUS (TU), Whiting Petroleum (WLL), Zynga (ZNGA), Abeona Therapeutics (ABEO), Aileron Therapeutics (ALRN) and Canadian Natural Resources (CNQ).
What is Superior Drilling Products' stock symbol?: Superior Drilling Products trades on the New York Stock Exchange (NYSE)AMERICAN under the ticker symbol "SDPI."
How do I buy shares of Superior Drilling Products?: Shares of SDPI stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.
What is Superior Drilling Products' stock price today?: One share of SDPI stock can currently be purchased for approximately $0.91.
How much money does Superior Drilling Products make?: Superior Drilling Products (NYSEAMERICAN:SDPI) has a market capitalization of $26.62 million and generates $10.47 million in revenue each year. The oil and gas company earns $-3,430,000.00 in net income (profit) each year or ($0.07) on an earnings per share basis.
How can I contact Superior Drilling Products?: Superior Drilling Products' mailing address is 1583 SOUTH 1700 EAST, VERNAL UT, 84078. The official website for the company is www.sdpi.com. The oil and gas company can be reached via phone at (435) 789-0594 or via email at dpawlowski@keiadvisors.com.

This page (NYSEAMERICAN:SDPI) was last updated on 3/29/2023 by MarketBeat.com Staff

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Superior Drilling Products - SDPI Stock Forecast, Price & News

Superior Drilling Products MarketRank™ Forecast

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

Company Ownership

Earnings and Valuation

About Superior Drilling Products (NYSEAMERICAN:SDPI) Stock

SDPI Stock News Headlines

SDPI Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Insiders

SDPI Stock - Frequently Asked Questions

Overall MarketRank^™