RedHotStocks

$SDPI looks Ready to FLY; as high as $2.40 for +40% in PROFIT!

Long
RedHotStocks Updated   
AMEX:SDPI   Superior Drilling Products, Inc.
SDPI on high alert. This past +410pct winner looks ready to explode once more!

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SDPI Superior Drilling Products Inc.

Alert Price: $1.71

Average Analyst Target Price: $4.00

Float: 10.98M

Chart Analysis

Investor Presentation
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Members,

We are coming off another great week.

Past Alerts QBIO and AGHI continued to deliver profits to our members.

Members who took action on our buy-calls locked in profits of as much as +41.24% and +21.34% respectively!

We plan on kicking off this upcoming trading week with something special.

Please turn your immediate attention to SDPI Superior Drilling Products Inc.

Many of you remember SDPI as one of our biggest winners of 2017/2018.

When we first brought SDPI to your attention back on November 15th, 2017, shares were trading at $0.99.

We knew SDPI was undervalued at the time, and was due for a major bullish reversal.

We were right on the money with our prediction, and in less than a years time, shares of SDPI had hit a high of $5.05, a gain of over +410% from our $0.99 buy call.

SDPI has since pulled back from its highs, but we believe its next epic bullish reversal is about to take place.

The Company has several bullish catalysts on the horizon than we believe could have an immediate effect on its share price.
Plans to triple its Drill-N-Ream® well bore conditioning tool (DnR) fleet in the Middle East. The Company expects to have approximately 60 tools located in the market by the end of the first quarter.
Equities research analysts forecast that SDPI will announce sales of $4.84 million for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for SDPI. The lowest sales estimate is $4.53 million and the highest is $5.14 million. SDPI posted sales of $3.73 million during the same quarter last year, which suggests a positive year over year growth rate of 29.8%. The firm is expected to announce its next quarterly earnings results on Thursday, March 14th.
Crude oil price outlook for next week is bullish in anticipation of progress in US-China trade talks
Dovish Fed, Venezuela turmoil, OPEC cut talk could send oil higher
US Government re-opening could encourage a rebound in economic growth
Insiders have made 3-open market buys and ZERO open market sells
We also did an in-depth technical analysis on SDPI's chart, and see the potential for a short-term gain of over +40%
SDPI's chart just formed a "Golden Cross" This typically indicates that a bullish run is on the horizon.
With an immediate upside of over +40.35%, SDPI should be the top ticker on your watchlist.

This was one of our biggest winners of 2018, and we don't want any of our members to miss out on SDPI's next potential triple-digit breakout.

That being said, we ask that all members read our full profile, start their research now, and consider grabbing up a position in SDPI tomorrow morning at 9:30AM EST!
About Superior Drilling Products, Inc.

Superior Drilling Products, Inc. is an innovative, cutting-edge drilling tool technology company providing cost saving solutions that drive production efficiencies for the oil and natural gas drilling industry. The Company designs, manufactures, repairs and sells drilling tools. SDPI drilling solutions include the patented Drill-N-Ream® well bore conditioning tool and the patented Strider™ oscillation system technology. In addition, SDPI is a manufacturer and refurbisher of PDC (polycrystalline diamond compact) drill bits for a leading oil field service company. SDPI operates a state-of-the-art drill tool fabrication facility, where it manufactures its solutions for the drilling industry, as well as customers’ custom products. The Company’s strategy for growth is to leverage its expertise in drill tool technology and innovative, precision machining in order to broaden its product offerings and solutions for the oil and gas industry.

Company Highlights:

Go-to-market strategy: Qualified partners

Drill-N-Ream distribution: Market leader in downhole tool rentals

Exclusive U.S. and Canada marketing rights requires successful market penetration:

Reached 11.6% market share at 12/31/17; just shy of moving target as drill count continued to grow

Currently renegotiating new performance metrics that more properly reflect expanding
market opportunities in different sections of the wellbore

Multiple revenue streams

Initial sale, per run royalty, maintenance and repair, product replacement

Middle East:

Joint market development agreement in place with Weatherford

Joint market development agreement in place with Odfjell Drilling

Current Analyst Average Analyst Target Price for SDPI is $4.00!

Two Wall Street analysts (Roth Capital and Imperial Capital) have issued ratings and price targets for SDPI in the last 12 months. Their average twelve-month price target is $4.00, suggesting that the stock has a possible upside of 133.92%. The high price target for SDPI is $5.00 and the low-price target for SDPI is $3.00. There are currently 1 hold rating and 1 buy rating for the stock, resulting in a consensus rating of “Buy.”

Recent Developments

Superior Drilling Products, Inc. Plans to Triple Drill-N-Ream® Tool Fleet in Middle East by End of First Quarter 2019

On December 5th, SDPI announced its plans to triple its Drill-N-Ream® well bore conditioning tool (DnR) fleet in the Middle East. The Company expects to have approximately 60 tools located in the market by the end of the first quarter.

Troy Meier, Chairman and CEO of SDPI, commented, “We have successfully completed our first year of market evaluation, and we now must rapidly build up our fleet in the Middle East to address growing market demand. The establishment of our new market development partner and recently executed service agreement enable us to efficiently facilitate the deployment of the DnR while ensuring quality repair and maintenance. Strong interest throughout the region has been validated by customer requests for the tool and accelerating adoption of the technology.”

The DnR is a unique drilling tool technology that conditions the well bore simultaneously while drilling, driving efficiencies by reducing days on well, increasing penetration rates and extending the life of the bottom hole assembly. Globally, the DnR is increasing market acceptance with leading operators and service companies standardizing on the tool.

Technical Analysis

As we stated above, SDPI was one of our largest long-term winners of 2017/2018, with shares climbing over +410% from our $0.99 alert price to a high of $5.05.

Based on our research we believe now could be the perfect time for our members to start building a position in SDPI

We've done our very own chart analysis, and we see the potential for an immediate gain of as much as +40.35%, although shares could go much higher if SDPI delivers another knockout quarter or releases some market friendly news.

Members will also be happy to know that SDPI's chart just formed a "Golden Cross."

This typically indicates that a bullish run is on the horizon.

The last time SDPI's chart saw this formation shares nearly ran up +200% on their way to a 52-week high of $5.05.

A run back to $5.05 from today's alert price would net our members up to 195.32% in total gains!

SDPI is shaping up to once again be a significant winner in both the long and short-term for our members.

As such, we are urging all members to start their research now, and consider grabbing up a position in SDPI tomorrow morning at 9:30AM EST!
(*Remember to use a basic Stop-Loss Order or more advanced Stop-limit Order to protect your gains, as well as limit possible losses.)



Best Regards,


The TopMarketGainers Team


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Comment:
$SDPI opens the day up at $1.96 per share! That's a GAIN of +14.62% from yesterday's buy call!

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