Michael Fitzsimmons
Oil & gas, dividend investing, research analyst

Dril-Quip Reports Powerful Q4 EPS And Very Strong Backlog

Oil and gas equipment provider Dril-Quip (NYSE:DRQ) easily beat Q4 estimates by $0.07/share and reported a very strong 2013 year-end backlog of $1.2 billion. As a result, the stock is currently trading up over $10/share. This comes after a recent sell-off that sent DRQ significantly under the $100 level. Despite today's big rally, the stock has more room to run as the earnings growth story for this stock is far from over.

DRQ is funny about their quarterly earnings reports - you never know quite when to expect them to be released. However, as long as the company keeps growing revenue and earnings the way it has - who cares? The Q4 earnings summary is shown below:

Dril-Quip, ...
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