Jefferies Reports Adjusted EPS For BPZ

Jefferies has reported on an adjusted EPS loss of $0.09 for BPZ Resources BPZ.

According to the report, “EPS miss was driven by slightly lower production and higher costs. Q4 production of 471,000 bbls was below our 480,000 bbls estimate. $12 million of Geology, Geophysics, and Engineering expenses were above our $10.6 million estimate while interest expense of $1.10/mcfe was also north of our $0.91 forecast.”

BPZ has a Hold Rating and a $4 PT.

BPZ was traded for $5.99 yesterday at closing.