We have studied needle shaped three-dimensional classical spin systems with purely dipolar interactions in the microcanonical ensemble, using both numerical simulations and analytical approximations. We have observed spontaneous magnetization for different finite cubic lattices. The transition from the paramagnetic to the ferromagnetic phase is shown to be first-order. For two lattice types we have observed magnetization flips in the phase transition region. In some cases, gaps in the accessible values of magnetization appear, a signature of the ergodicity breaking found for systems with long-range interactions. We analytically explain these effects by performing a nontrivial mapping of the model Hamiltonian onto a one-dimensional Ising model with competing antiferromagnetic nearest-neighbor and ferromagnetic mean-field interactions. These results hint at performing experiments on isolated dipolar needles in order to verify some of the exotic properties of systems with long-range interactions in the microcanonical ensemble.