GMX Resources Inc.’s (GMXR) Fourth-Quarter Review
By Benzinga Staff
March 12, 2010 11:59 AM
March 12, 2010 11:59 AM
Analysts Michael Scialla and Daniel Guffey at Thomas Weisel Partners have released a report reviewing fourth-quarter results at GMX Resources Inc. (NYSE: GMXR). The company reported fourth-quarter results on Thursday.
GMX Resources reported operating EPS/CFPS of $0.20/$0.54, compared with analysts’ estimates of $0.09/$0.42, and consensus of $0.09/$0.53. The company currently operates three rigs. It has subleased a 4th rig to another operator. GMX Resources is also negotiating with potential partners to reduce its 2010 capital exposure, which is projected to be $175 million.
Analysts at Thomas Weisel Partners have reiterated their Overweight rating for GMX Resources Inc. The price target for GMX Resources Inc. stock has been set at $22.
(c) 2011 Benzinga.com. All rights reserved. This material may not be published in its entirety or redistributed without the approval of Benzinga.
We're Loving
