TRI Stock of the Day (ARD)
May 21, 2008
Look no further for your oil and gas play. Arena Resources, Inc. (ard) rose $4.27/share to achieve a closing price of $55.17/share on double the average daily volume (3 month). Arena Resources is an oil and gas drilling and exploration company and with a market cap of just under 2B it places the Tulsa, OK based company in the small cap category. Arena is coming off of a strong first quarter beating estimates by 13.3%. The company carries a PE of around 54 but has the earnings growth to back it up which is projected to come in close to 100% higher than what the company was able to report in 2007.
| ARD | Current Ratio | ||
| Dec. 06′ | 0.978 | ||
| Dec. 07′ | 1.517 | ||
| % change | 55.11% | ||
| EPS Estimate | Same Q Year Ago | % change | |
| 2nd Q 08′ | 0.54 | 0.25 | 116.00% |
| 3rd Q 08′ | 0.50 | 0.32 | 56.25% |
