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ATP Oil & Gas Corporation (NASDAQ:ATPG)

About ATP Oil & Gas Corporation (NASDAQ:ATPG) ATP Oil & GasCorporation (ATP) is engaged in the acquisition, development and production of oil and natural gas properties in the Gulf of Mexico and the United Kingdom and Dutch Sectors of the North Sea (the North Sea). As of December 31, 2009, the Company owned leasehold and other interests in 62 offshore blocks and 104 wells, including 19 subseawells, in the Gulf of Mexico. ATP operates 93 (89%) of these wells, including 95% of the subsea wells. It also has interests in 11 blocks and three Companyoperated subsea wells in the North Sea. As of December 31, 2009, ATP had estimated net proved reserves of 135.2 million barrels of oil equivalent (MMBoe), of which approximately 91.3 MMboe (68%) were in the Gulf of Mexico and 43.9 MMBoe (32%) were in the North Sea. As of December 31, 2009, the Company’s proved reserves in the deepwater Gulf of Mexico accounted for 62% of its total proved reserves.


Statistics Symbol

ATPG

EPS:

-3.60

Current Price

$16.97

Market Capitalization:

870.08M

52 week range

$8.16 - $23.97

Beta

2.74

Avg Volume

1.78M

Shares Outstanding

51.27M

Financials ATP Oil & Gas Corporation (NASDAQ:ATPG) generated total revenue of $102.12 million in current quarter which is slightly greater than previous quarter’s revenue of $101.10 million. Moreover, operating and net income are negative which led to decreasein EPSfor the current quarter. The company’s cash flow from operation stood at $2.39 million as contrasted to last quarter’s cash flow from operation which was placed at negative $17.79 million. Increased CFOshows that the company generated more cash than its expenses. According to most recent financials as on September 30, 2010 total assets mount up to $3.34 billion. Return on equity and return on assets both are decreasing. Total liabilities and total equity stand at $2.88 billion and $461.81million respectively.


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ATP Oil