EPM tanked today after releasing its year-end earnings, where top and bottom lines were below expectations. The company declared the same dividend and announced it had continued to buy back shares, and it also announced a joint venture. As a result of today's price drop, my short put order filled today. As I said above, I'm comfortable holding this at an entry price of $7.50, so if these puts get exercised, I'll be okay with that.
EPM tanked today after releasing its year-end earnings, where top and bottom lines were below expectations. The company declared the same dividend and announced it had continued to buy back shares, and it also announced a joint venture. As a result of today's price drop, my short put order filled today. As I said above, I'm comfortable holding this at an entry price of $7.50, so if these puts get exercised, I'll be okay with that.
EPM released earnings on Monday: non-GAAP EPS of $0.42 beat by $0.10, revenue of $36.87M beat by $2.59M.