FX Energy (FXEN) Announces Quarterly Earnings Results, Misses Estimates By $0.05 EPS

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FX Energy (NASDAQ:FXEN) released its earnings data on Monday. The company reported ($0.08) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.03) by $0.05, Analyst Ratings Net reports. The company had revenue of $10.20 million for the quarter, compared to the consensus estimate of $9.19 million. During the same quarter in the previous year, the company posted ($0.20) earnings per share. The company’s revenue for the quarter was up 24.4% on a year-over-year basis.

Shares of FX Energy (NASDAQ:FXEN) traded down 2.46% during mid-day trading on Tuesday, hitting $3.17. The stock had a trading volume of 32,556 shares. FX Energy has a 52 week low of $2.93 and a 52 week high of $5.85. The stock has a 50-day moving average of $3.32 and a 200-day moving average of $3.73. The company’s market cap is $170.9 million.

On the ratings front, analysts at MLV & Co
cut their price target on shares of FX Energy from $5.50 to $3.50 in a research note on Wednesday, June 4th. They now have a “hold” rating on the stock.

FX Energy, Inc is an independent oil and gas exploration and production company with production, appraisal, and exploration activities in Poland.

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