Back above the 50-day MA.MACD rising. Recovering after the hurricanes.
Target $5.70-8.60, stop $3.95.
Support @ $4.03...3.91...3.81
Resistance @ $4.41...4.50...4.75...5.09
MACD is Bullish
Stochastic is Bullish
Recent CandleStick Analysis
Very Bullish
Oct-11-2005 Bullish Harami
Technicals
Close Above the 50-day EMA
Close Above the 13-day EMA
Percentage Gainer
Last Price Quote is:
6.56%above 13-day EMA
5.28%above 50-day EMA
RS Rating: 13
Fundamentals
Key Data:
Market Cap (M): $344.91
P/E Ratio: 13.03
PEG Ratio: 2.23333
Next Earnings: 11/09/2005
Last Analyst Rating: Mkt Perform
Profile Get Profile for:
Meridian Resource Corp.
1401 Enclave Parkway
Suite 300
Houston, TX 77077
Phone: 281-597-7000
Fax: 281-558-5547
Web Site: http://www.tmrc.com
DETAILS
Index Membership: N/A
Sector: Basic Materials
Industry: Independent Oil & Gas
Full Time Employees: 68
BUSINESS SUMMARY
The Meridian Resource Corporation engages in the exploration for, acquisition, development, and production of oil and natural gas reserves. It principally operates on the onshore oil and gas regions in south Louisiana, the Texas Gulf Coast, and offshore in the Gulf of Mexico. As of December 31, 2004, the company had approximately 139 billion cubic feet of natural gas equivalent proved reserves. It had interests in leases and options to lease acreage in approximately 300,000 gross acres. As of the above date, the company had interest in 35 oil wells and 68 natural gas wells. Meridian Resource was initially organized in 1985 as a master limited partnership and was converted into a Texas corporation in 1990. The company is headquartered in Houston, Texas.
Meridian Resource Corp. topped the list of Biggest Percentage Price Gainers among common stocks on the New York Stock Exchange at midday on Thursday.
52wk Range: 1.32 - 3.39
Volume: 1,554,986
Avg Vol (3m): 409,906
Market Cap: 262.73M
P/E (ttm): 30.95
EPS (ttm): 0.10
Div & Yield: N/A (N/A)
Technicals
Percentage Gainer
Last Price Quote is:
27.30%above 13-day MA
39.96%above 50-day MA
RS Rating: 97
Fundamentals
Key Data:
Market Cap (M): $198.39
P/E Ratio: 23.38
PEG Ratio: 1.65
Next Earnings: 08/06/2008
Last Analyst Rating: Mkt Perform
Updated chart look.......
52wk Range: 1.32 - 3.39
Volume: 724,070
Avg Vol (3m): 441,352
Market Cap: 276.13M
P/E (ttm): 32.53
EPS (ttm): 0.10
Div & Yield: N/A (N/A)
Technicals
Last Price Quote is:
24.33%above 13-day MA
42.56%above 50-day MA
RS Rating: 98
Fundamentals
Key Data:
Market Cap (M): $268.09
P/E Ratio: 31.60
PEG Ratio: 2
Next Earnings: 08/06/2008
Last Analyst Rating: Mkt Perform
updated chart look...