DALLAS, March 1, 2011 (GLOBE NEWSWIRE) -- MicroStockProfit.com announces an investment report featuring Delta Petroleum Corp. (Nasdaq:DPTR). The report includes financial, comparative and investment analyses, and industry information you need to know to make an educated investment decision.
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Delta Petroleum Corp. (DPTR) is an independent oil and gas company engaged primarily in the exploration for, and the acquisition, development, production and sale of, natural gas and crude oil. The Company's core area of operation is the Rocky Mountain Region, where the majority of its proved reserves, production and long-term growth prospects are located. The Company has a significant development drilling inventory that consists of proved and unproved locations. As of December 31, 2009, the Company's proved reserves were comprised of approximately 126.7 billion cubic feet (Bcf) of natural gas and 4.5 million barrels (Mmbbls) of crude oil, or 82.4% gas on an equivalent basis.
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In the report, the analyst notes:
"Continuing its winning streak for the fourth consecutive day, DPTR added $0.18, or 18.8%, to close Monday at $1.17. The stock traded on high volume of over 38.92 million shares Monday, nearly 18 times the average three-month volume. DPTR has a 52-week range of $0.67 - $1.95 and is currently trading above its 50-day and 200-day moving averages.
"The Company reported third-quarter net income attributable to common stockholders of $13.9 million, or $0.05 per diluted share, compared with a net loss attributable to common stockholders of $96.8 million, or $0.35 per diluted share, in the third quarter of 2009."
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