Weak Oil Prices Weigh on Superior Drilling Products (SDPI); Roth Capital Remains Neutral
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Superior Drilling Products, Inc. Reports Third Quarter 2015 Results
November 13, 2015 6:54 AM ESTVERNAL, Utah, Nov. 13, 2015 (GLOBE NEWSWIRE) -- Superior Drilling Products, Inc. (NYSE MKT: SDPI) ("SDP" or the "Company"), a provider of drilling products for the oil, natural gas and mining services industries, today reported financial results for the third quarter ended September 30, 2015.
Third Quarter 2015 Summary
Revenue increased 4.6%, or $0.1 million, over the trailing second quarter from the successful introduction of Strider, a proprietary drill string stimulation tool. Drill N Ream, a patented bore hole conditioning tool, was used in 165 runs in the quarter, down about 5%... More