GMXR: InPlay -- 4Q11

From Yahoo!InPlay:

GMX Resources is up almost 3% following earnings, production guidance this morning; co missed Q4 ests: Co reported Q4 (Dec) loss of $0.12 per share, $0.05 worse than the Capital IQ Consensus Estimate of ($0.07); revenues fell 4.0% year/year to $26.1 mln vs the $30.7 mln consensus. Revised production guidance for the first quarter 2012 is approximately 583,000 BOE, which includes an estimated 37,000 BBLs of oil, and 108,000 BBLs of NGLs. The revision to first quarter guidance is the result of reduction in the expected oil production due to availability of workover rigs. The co expects that oil production will grow from full year 2011 to full year 2012 by ~300%, while NGL production will increase ~10% during the same time period. In the fourth quarter of 2012, oil and NGLs together are expected to be 35-40% of production and 65-70% of revenues.

From Mike Filloon:

GMX Resources has had great difficulty since July of 2008. This company was trading for as high as $84/share, and now is valued at $1.82/share.