Glori Energy (GLRI) Releases Quarterly Earnings
Glori Energy (NASDAQ:GLRI) issued its quarterly earnings data on Tuesday. The company reported ($0.09) earnings per share for the quarter, StockRatingsNetwork.com reports. The company had revenue of $5.56 million for the quarter, compared to the consensus estimate of $935.00 million.
Glori Energy (NASDAQ:GLRI) opened at 7.70 on Tuesday. Glori Energy has a one year low of $7.51 and a one year high of $12.44. The stock’s 50-day moving average is $9.21 and its 200-day moving average is $8.64. The company’s market cap is $25.4 million. Glori Energy also was the target of a significant drop in short interest in July. As of July 31st, there was short interest totalling 778,465 shares, a drop of 20.3% from the July 15th total of 977,221 shares. Currently, 5.9% of the shares of the stock are short sold. Based on an average daily trading volume, of 52,475 shares, the days-to-cover ratio is currently 14.8 days.
GLRI has been the subject of a number of recent research reports. Analysts at FBR Capital Markets initiated coverage on shares of Glori Energy in a research note on Wednesday, July 16th. They set an “outperform” rating and a $13.00 price target on the stock. On the ratings front, analysts at Robert W. Baird reiterated an “outperform” rating on shares of Glori Energy in a research note on Friday, May 16th. They now have a $12.00 price target on the stock. Finally, analysts at Maxim Group initiated coverage on shares of Glori Energy in a research note on Thursday, May 15th. They set a “buy” rating and a $11.00 price target on the stock.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.