"CEO of BPZ Resources Inc (NYSE:BPZ), Pflucker Manuel Pablo Zuniga off loaded 41,627 shares of the company stock in the open market in the transaction that was dated on Wednesday, 2 April. These shares were sold-off at the average-price of $3.00, and the value of the total transaction was $124,881.00. Post this sale, the Chief Executive Officer now directly-owns 5,236,118 of the company shares, valued at around $15,708,354. This transaction was disclosed in the SEC filing.
Richard Saverio Menniti the CFO sold 17,890 shares of the company stock in the open market in the transaction that was dated 8 April . This stock was sold-off at the average price of $2.83, and the total transaction value was $50,628.70. Post completion of this transaction, the CFO now directly-owns 376,597 shares of BPZstock, valued at around $1,065,770. This sale was disclosed in the SEC filing.
BPZ Resources (NYSE:BPZ) last announced the company’s earnings-results on 6 March. It reported earnings per share of $0.09 for the quarter, which missed the average analyst projection of $0.08 by $0.01. BPZ Resources reported revenue of $12.07M for the quarter, in comparison to the average projection of $13.39 million. In the same quarter in the earlier year, it posted earnings per share of $0.11. Its quarterly revenue dropped 51.8% on a y-o-y basis. Analysts now project that the company will post EPS of $0.17 for the current financial year.
Separately, Wunderlich analysts restated their rating of “buy” on BPZ Resources shares in the research note that was released to investors on 5 March. They now have set a price target of $6.00 on the stock. The company is very focused on the exploration and the development as well as the production of oil as well as various natural gas properties in Peru as well as in Ecuador".
