Velocity Energy (Velocity Energy) EPS (Basic) : $-0.44 (TTM As of Jun. 2009)

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What is Velocity Energy EPS (Basic)?

Velocity Energy's basic earnings per share (Basic EPS) for the three months ended in Jun. 2009 was $-0.08. Its basic earnings per share (Basic EPS) for the trailing twelve months (TTM) ended in Jun. 2009 was $-0.44.

Velocity Energy's EPS (Diluted) for the three months ended in Jun. 2009 was $-0.08. Its EPS (Diluted) for the trailing twelve months (TTM) ended in Jun. 2009 was $-0.44.

Velocity Energy's EPS without NRI for the three months ended in Jun. 2009 was $-0.08. Its EPS without NRIearnings per share without non-recurring items for the trailing twelve months (TTM) ended in Jun. 2009 was -0.32.

Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the EPS without NRI Growth Rate using EPS without NRI data.

Velocity Energy EPS (Basic) Historical Data

The historical data trend for Velocity Energy's EPS (Basic) can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Velocity Energy EPS (Basic) Chart

Velocity Energy Annual Data

Trend

Dec05

Dec06

Dec07

Dec08

EPS (Basic)

-0.60

-0.30

-0.02

-0.24

Velocity Energy Quarterly Data
	Dec05	Mar06	Jun06	Sep06	Dec06	Mar07	Jun07	Sep07	Dec07	Mar08	Jun08	Sep08	Dec08	Mar09	Jun09
EPS (Basic)	Get a 7-Day Free Trial										-	-0.04	-0.15	-0.17	-0.08

Velocity Energy EPS (Basic) Calculation

EPS (Basic) is a rough measurement of the amount of a company's profit that can be allocated to one share of its stock. Basic earnings per share (EPS) do not factor in the dilutive effects on convertible securities.

Velocity Energy's Basic EPS for the fiscal year that ended in Dec. 2008 is calculated as

Basic EPS (A: Dec. 2008 )	=	(Net Income	-	Preferred Dividends)	/	Shares Outstanding (Basic Average)
	=	(-6.302	-	0)	/	26.267
	=	-0.24

Velocity Energy's Basic EPS for the quarter that ended in Jun. 2009 is calculated as

Basic EPS (Q: Jun. 2009 )	=	(Net Income	-	Preferred Dividends)	/	Shares Outstanding (Basic Average)
	=	(-2.166	-	0)	/	26.267
	=	-0.08

EPS (Basic) for the trailing twelve months (TTM) ended in Jun. 2009 adds up the quarterly data reported by the company within the most recent 12 months, which was $-0.44

Velocity Energy (OTCPK:VCYE) EPS (Basic) Explanation

EPS is the single most important variable used by Wall Street in determining the earnings power of a company. But investors need to be aware that Earnings per Share can be easily manipulated by adjusting depreciation and amortization rate or non-recurring items. That's why GuruFocus lists EPS without NRI, which better reflects the company's underlying performance.

Be Aware

Compared with Earnings per share, a company's cash flow is better indicator of the company's earnings power.

If a company's earnings per share is less than cash flow per share over long term, investors need to be cautious and find out why.

Velocity Energy EPS (Basic) Related Terms

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Velocity Energy (Velocity Energy) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Velocity Energy Inc. (OTCPK:VCYE) » Definitions » EPS (Basic)

Comparable Companies

Traded in Other Exchanges

N/A

Address

523 North Sam Houston Parkway East, Suite 175, Houston, TX, USA, 77060

Website

http://www.velocity-energy.com

Velocity Energy Inc is an oil and gas exploration and production company. It is engaged in the acquisition, development, exploration and production of natural gas and oil.

Executives

Michael J Pawelek	director, officer: President and CEO	300 EAST SONTERRA BLVD. STE 1220 SAN ANTONIO TX 78258
Peter Benz	10 percent owner	171 MADISON AVE., 17 FL.,, NEW YORK NY 10016
Longview Fund Lp	10 percent owner	VIKING ASSET MANAGEMENT LLC, 66 BOVET ROAD, SUITE 320, SAN MATEO, CA 94402
Howard J Taylor	director, 10 percent owner, officer: CEO	STE. 194 48 PAR LA VILLE RD HAMILTON D0 HM11

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