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News Breaks
May 29, 2014
16:20 EDTSDPISuperior Drilling acquires Hard Rock Solutions for $12.5M
Superior Drilling Products announced that it has acquired Hard Rock Solutions for $12.5M in conjunction with the closing of its initial public offering. The company acquired Hard Rock's patented Drill N Ream well bore technology; a unique reaming assembly technology which has been used in over 850 horizontal wells since 2011.
News For SDPI From The Last 14 Days
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November 20, 2014
07:22 EDTSDPIThree Part Advisors to hold a conference
Southwest IDEAS Conference is being held in Addison, Texas on November 19-20 with webcasted company presentations to begin on November 20 at 9 am; not all company presentations may be webcasted. Webcast Link
November 18, 2014
08:51 EDTSDPISuperior Drilling price target lowered to $6 from $8 at Roth Capital
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November 14, 2014
12:00 EDTSDPISuperior Drilling awarded third patent for Drill-N-Ream tool
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06:59 EDTSDPISuperior Drilling sees FY14 revenue $19M-$22M, consensus $21.2M
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06:58 EDTSDPISuperior Drilling reports Q3 averaged 13 customers per month
The average revenue per run was approximately $19,500. While the average rate per run is expected to continue to decline as a result of operating in shorter laterals in the new basins, the tools' operating costs also decline.
06:57 EDTSDPISuperior Drilling reports Q3 EPS (4c), consensus (2c)
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