Sterne Agee Comments on GeoResources' 4Q Adjusted EPS
Sterne AGee has published a research report on GeoResources (NASDAQ: GEOI) commenting on the company's 4Q adjusted EPS.
In the report, Sterne Agee writes, "GeoResources reported 4Q11 EPS of $0.41, which was in-line with our estimate and two cents above consensus. The company provided 4Q11 production results in an operations update last week, so there was not a lot of color provided with earnings. We expect to hear more details on the improving Eagle Ford well results and the Austin Chalk development plans on this morning's call (10 AM ET)."
Sterne Agee maintains its Buy rating and $37 price target on GeoResources, which closed yesterday at $33.86.
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