Boston, MA 03\/12\/2014 (wallstreetpr) \u2013 BPZ Resources Inc (NYSE:BPZ)<\/b> has its business primarily in Ecuador and Peru. Generally it is focused on oil and natural gas activities such as exploration, development and production. As a turnaround stock, BPZ seems to be getting most things correctly. Its stock price and earnings have been improving of late. Therefore, investor sentiments in the stock have also been changing in its favor.<\/p>\n
Shares of BPZ Resources Inc (NYSE:BPZ) were last seen down 0.36 percent to $2.76. It was in which investors were willing to trade the shares at the price range of $2.70 – $2.80, thus touching a fresh 52-week high level.<\/p>\n
Analyst sentiments<\/b><\/p>\n
There has been a general positive change in tone of analysts tracking BPZ Resources Inc (NYSE:BPZ). That instance can be seen from Wuderlich Securities which reiterated their \u201cbuy\u201d rating on the stock and planted price target of $6.<\/p>\n
Encouraging performance<\/b><\/p>\n
BPZ Resources Inc (NYSE:BPZ) reported net loss of $10 million or 9 cents per share for the fourth quarter. That figure was better than the 10 cents loss that was expected. However, it was slightly off the 8 cents loss mark that was the consensus for the quarter.<\/p>\n
Key strength areas<\/b><\/p>\n
BPZ Resources Inc (NYSE:BPZ) is executing well in its production growth. The company has plans to develop about eight new wells in the current. By increasing production, BPZ Resources Inc (NYSE:BPZ) is able to boost revenue and to offset costs. In order to keep expenses low, the company needs more cost cutting and it is nice to report that this is already ongoing. T<\/p>\n
Thus, if things can continue in this manner, there will be nothing to stop BPZ Resources Inc (NYSE:BPZ) from attaining positing earnings before the first quarter of fiscal 2015.<\/p>\n
Bottom line<\/b><\/p>\n
BPZ Resources Inc (NYSE:BPZ) is by most measures turning out to be attractive. Production increase, cost cutting and improving earnings are all but good news. Investors are wise to keep a close eye here.<\/p>\n","protected":false},"excerpt":{"rendered":"
Boston, MA 03\/12\/2014 (wallstreetpr) \u2013 BPZ Resources Inc (NYSE:BPZ) has its business primarily in Ecuador and Peru. Generally it is focused on oil and natural […]<\/p>\n","protected":false},"author":10,"featured_media":17119,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"twitter_2902945987_2902945987":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[2236],"tags":[2864,2865],"stock_ticker":[],"class_list":["post-17118","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-bpz-resources-inc-nysebpz","tag-nysebpz","entry"],"acf":[],"yoast_head":"\n