|Bid||0.000 x 0|
|Ask||0.000 x 0|
|Day's Range||0.0770 - 0.0770|
|52 Week Range||0.0550 - 0.2430|
|Beta (3Y Monthly)||1.88|
|PE Ratio (TTM)||3.85|
|Earnings Date||Nov 14, 2018 - Nov 19, 2018|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Phillip Roberson, President and CFO, said, "Revenues were down year over year due primarily to the sale of our Apache Bromide production, which occurred in 2017. For more information, please visit www.fppcorp.com.
Phillip Roberson, President and CFO, said, "In the last year, we were able to pay down our credit line from approximately $6.5 million to a current balance of $2.6 million. Net Income per share decreased, to basic $0.02 from $0.16 and fully diluted to $0.02 from $0.16. Mr. Roberson added, "We recently entered into a third amendment to our forbearance agreement with Citibank, extending it to September 30, 2018.
AUSTIN, Texas, May 15, 2018 /PRNewswire/ -- FieldPoint Petroleum Corporation (OTCBB: FPPP) today announced financial results for its first fiscal quarter ended March 31, 2018. Pricing toward the end of our first quarter reached a manageable level, and if this recovery is sustainable, we expect to be able to further reduce our debt and return to our plan of growth for the company in the near term. FieldPoint Petroleum Corporation is engaged in oil and natural gas exploration, production and acquisition, primarily in Louisiana, New Mexico, Oklahoma, Texas and Wyoming.
Phillip Roberson, President and CFO, said, "The past three years have been challenging for the oil and gas industry, but 2017 brought signs of recovery. During 2017, we received excellent support from the New York Stock Exchange, but unfortunately, we were unable to maintain the required net asset base and began trading on the OTC Bulletin Board Market (FPPP).