Reserve Petroleum (OTCMKTS:RSRV) Stock Price Down 3.1% – Should You Sell?

The Reserve Petroleum Company (OTCMKTS:RSRV)’s stock price was down 3.1% during mid-day trading on Monday . The company traded as low as $176.10 and last traded at $179.10. Approximately 53 shares traded hands during mid-day trading, a decline of 57% from the average daily volume of 124 shares. The stock had previously closed at $184.80.

Reserve Petroleum Trading Down 3.1%

The company has a fifty day simple moving average of $176.67 and a two-hundred day simple moving average of $170.72.

Reserve Petroleum (OTCMKTS:RSRV) last announced its quarterly earnings data on Friday, November 14th. The company reported $9.02 EPS for the quarter. The company had revenue of $4.47 million for the quarter.

Reserve Petroleum Company Profile

Reserve Petroleum (OTCMKTS:RSRV) is an independent oil and gas exploration and production company focused on the identification, acquisition and development of hydrocarbon reserves in the United States. The company’s primary activities include geological prospect evaluation, drilling, well completion and production optimization. By leveraging technical expertise in reservoir characterization and field development planning, Reserve Petroleum aims to convert identified reserves into sustained cash flow and long-term production growth.

Operations are concentrated in onshore basins along the U.S.