Toreador Resources Corporation (NASDAQ:TRGL)
About Toreador Resources Corporation (NASDAQ:TRGL) Toreador Resources Corporation (Toreador) is an independent energy company engaged in the exploration and production of crude oil with interests in developed and undeveloped oil properties in the Paris Basin, France. The Company is focused on the development of its conventional fields and the exploitation of the prospective shale oil play within its Paris Basin acreage position. As of December 31, 2009, Toreador operates in the Paris Basin. At December 31, 2009, it held interests in approximately 750,000 gross exploration acres. As of December 31, 2009, its proved reserves were 5.8 thousand barrels (MBbls), its proved plus probable reserves were 9.1 MBbls and its proved plus probable plus possible reserves were 14.3 MBbls. Its production during the year ended December 31, 2009, averaged approximately 900 billion barrels per day (bbl/d) from two conventional oilfield areas in the Paris Basin: the Neocomian Complex and Charmottes fields.
Statistics Symbol
TRGL
EPS
0.46
Current Price
$15.02
Market Capitalization:
$387.95M
52 week range
$5.31 $18.97
Shares Outstanding
25.83M
Avg Volume
367,715.00
Beta Value
1.66
Financials Toreador Resources Corporation (NASDAQ:TRGL) engendered net income of $6.56 million in current quarter which is noticeably less than last quarter’s closing of $20.95 million. Moreover, EPS for the current quarter has decreased than last quarter’s EPS which is not a good sign for the investors. The company’s cash flow from operations (CFO) has decreased to $7.79 million from last quarter’s ending cash flow of $10.28 million. This shows company is producing more cash than its expenses through its core business units which is a good sign for the investors. Total assets of company mount up to $132.28 million as of September30, 2010 that is 0.49% greater than last quarter’s ending but it has managed to maintain the current ratio. The company’s total equity is gradually increasing which depicts that company is going to have fewer funding liquidity problems and more funds would be available to invest in future profitable
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