BPZ Resources Receives New Coverage from Analysts at Brean Capital (BPZ)
Brean Capital assumed coverage on shares of BPZ Resources (NYSE:BPZ) in a research note issued on Tuesday, TheFlyOnTheWall.com reports. The firm set a “buy” rating and a $4.00 price target on the stock. Brean Capital’s price objective indicates a potential upside of 26.18% from the stock’s previous close.
Shares of BPZ Resources (NYSE:BPZ) traded up 2.92% on Tuesday, hitting $3.17. The stock had a trading volume of 1,018,315 shares. BPZ Resources has a 52 week low of $1.58 and a 52 week high of $3.40. The stock’s 50-day moving average is $3.03 and its 200-day moving average is $2.54. The company’s market cap is $367.8 million.
BPZ Resources (NYSE:BPZ) last issued its quarterly earnings data on Thursday, May 8th. The company reported ($0.03) earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.06) by $0.03. The company had revenue of $20.98 million for the quarter, compared to the consensus estimate of $21.48 million. During the same quarter last year, the company posted ($0.11) earnings per share. BPZ Resources’s revenue was up 57.9% compared to the same quarter last year. On average, analysts predict that BPZ Resources will post $-0.02 earnings per share for the current fiscal year.
Separately, analysts at Wunderlich raised their price target on shares of BPZ Resources from $6.00 to $7.00 in a research note on Monday, May 12th. They now have a “buy” rating on the stock.
BPZ Resources, Inc (NYSE:BPZ) is focused on the exploration, development and production of oil and natural gas in Peru and Ecuador.
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