Reserve Petroleum (OTCMKTS:RSRV – Get Free Report) released its quarterly earnings results on Friday. The company reported $16.82 earnings per share (EPS) for the quarter, Zacks reports. The business had revenue of $6.07 million during the quarter.
Reserve Petroleum Stock Performance
RSRV opened at $212.00 on Friday. Reserve Petroleum has a 1-year low of $161.88 and a 1-year high of $234.50. The business has a 50 day moving average price of $213.07 and a two-hundred day moving average price of $212.65.
About Reserve Petroleum
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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