In a report published Thursday, Wunderlich Securities analyst Jason A. Wangler reiterated a Buy rating and $8.00 price target on Superior Drilling Products, Inc. (NYSE: SDPI).
In the report, Wunderlich Securities noted, “Superior Drilling Products (SDPI) is working toward the change of a game that shows the horizontal drilling play hasn't yet been made efficient. While a disruptive technology, it is also seemingly progress, which, in our view, shows just how early-stage we are in the efficiency of the very efficiencies that many seek. SDPI continues to work toward improving the efficiencies of drilling vertical and horizontal wells, and we believe it's an investment and idea that can be a driver in the continued efficiencies. As such, we remain bullish on SDPI and its prospects to grow revenues, EBITDA, and EPS nicely.”
Superior Drilling Products, Inc. closed on Wednesday at $7.18.
Latest Ratings for SDPI
| Jun 2014 | Roth Capital | Initiates Coverage on | Buy | |
| Jun 2014 | Wunderlich | Initiates Coverage on | Buy |
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