Reserve Petroleum (OTCMKTS:RSRV – Get Free Report) issued its earnings results on Tuesday. The company reported $3.70 earnings per share for the quarter, Zacks reports. The business had revenue of $5.17 million for the quarter.
Reserve Petroleum Price Performance
Shares of OTCMKTS RSRV remained flat at $225.00 during midday trading on Wednesday. 80 shares of the stock traded hands, compared to its average volume of 119. The company’s 50 day simple moving average is $199.39 and its two-hundred day simple moving average is $184.69. Reserve Petroleum has a one year low of $150.28 and a one year high of $225.00.
Reserve Petroleum Company Profile
Reserve Petroleum (OTCMKTS:RSRV) is an independent oil and gas exploration and production company focused on the identification, acquisition and development of hydrocarbon reserves in the United States. The company’s primary activities include geological prospect evaluation, drilling, well completion and production optimization. By leveraging technical expertise in reservoir characterization and field development planning, Reserve Petroleum aims to convert identified reserves into sustained cash flow and long-term production growth.
Operations are concentrated in onshore basins along the U.S.
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