BPZ Resources Inc. (NYSE:BPZ) Announces Q4 Results

by James Karedelli | Friday, Mar 14, 2014 | 667 views

Boston, MA, 03/14/2014 – BPZ Resources Inc. (NYSE:BPZ), the specialist company for exploring, developing and producing of natural gas in Peru; has recently declared its fourth quarter results. Soon after, the stock had gained momentum in the trading sessions, chiefly because of the positive news about Albacora A-19D well. With a market capitalization of more than $325 million, the range of trading for the stock of BPZ Resources Inc. (NYSE:BPZ) for the previous year was between $1.58 and $2.77. The stock had gained 0.35% and closed at $2.85 in the latest trading session on March 13.

Fourth Quarter results for BPZ Resources Inc. (NYSE:BPZ)

BPZ Resources Inc. (NYSE:BPZ) had declared its fourth quarter (which ended on December 31, 2013) results on March 7. The earnings per share (EPS) was reported as -$0.09, which was $0.01 lesser than the estimate of -$0.08 by the analysts. The EPS reported for the latest fourth quarter is better than that of EPS of Q4 in 2012, which was around -$0.11. The total revenue for the company for Q4 of 2013 was reported as $12.07 million. The consensus estimate for the total revenue by the analysts was $13.39 million. The total operating loss for the company in Q4 was reported as $5.7 million while the net loss for the company in the fourth quarter was reported as $10.0 million. The yearly operating loss for BPZ Resources Inc. (NYSE:BPZ) in 2013 was reported as $36.4 million while the net loss for the year was $57.7 million. When comparing the same data for 2012, the yearly operating loss for 2012 was $28.6 million while the net loss was $39.1 million.

Analysts give a ‘Buy’ rating for BPZ Resources Inc. (NYSE:BPZ)

As per the research reports released by the analysts at Wunderlich, the stocks of BPZ Resources Inc. (NYSE:BPZ) has been given a ranking of ‘Buy’ with a target price of $6.00.

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