Noble Financial Trims NAV on Miller Energy (MILL) Following Q2 Results; Maintains 'Hold' Rating

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Miller Energy Resources (MILL) Posts Q2 GAAP Loss of $2.48/Share; Will Evaluate Several Offers

July 29, 2015 6:25 AM EDT

Miller Energy Resources (NYSE: MILL) reported Q4 EPS of $2.48, $2.75 better than the analyst estimate of ($0.27). Revenue for the quarter came in at $15.5 million versus the consensus estimate of $21.5 million.

While the Company is comfortable with the numbers presented below, the Company requires additional time to satisfactorily complete its financial statements and disclosures to be included in its Annual Report on Form 10-K ("Form 10-K"). Accordingly we will not be filing our Form 10-K on this date. We expect to file our Form 10-K within the next two... More