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UPDATE: EPL Oil & Gas Gains Nearly 3%, Just Shy Of Year High, On Q4 Earnings, Guidance

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EPL Oil & Gas ( EPL ) shares are up near 3% and nearing their high for the year, after reporting Q4 earnings of $0.61 per diluted share, ex one-time items, beating the Capital IQ consensus of $0.47.

The shares are up near 3% near $26.70. The 52-week range is $14.56 to $26.87.

Revenues were $138.9 mln, versus the analyst estimate of $136.65 mln. Oil production in the quarter rose 43% year-over-year to 13,516 barrels of oil per day (Bopd).

The company expects 2012 exit oil production to be at 16,500 Bopd, with Q1 and FY13 oil production guidance at 16,000 Bopd - 17,000 Bopd and 17,000 Bopd - 18,500 Bopd, respectively.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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