UPDATE: BPZ Resources Shares Jump 6.6% As Q4 EPS, Revenues Beat
BPZ Resources ( BPZ ) shares have jumped 6.6% to $2.60 after the company reported a Q4 GAAP EPS of $0.12, beating the Capital IQ GAAP consensus of a $0.12 loss per share.
Revenues were $25.1 mln, versus the analyst estimate of $24.77 mln.
The shares have been trading within a 52-week range of $2.01 to $4.64.
Total production from the company's offshore Corvina and Albacora fields in Block Z-1 was 139,000 barrels of oil, or 1,516 barrels of oil per day (bopd). This compares with 155,000 barrels of oil or 1,683 bopd for the same period in 2011.
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