Wednesday, October 17, 2012

Top Stocks For 10/16/2012-3

Credo Petroleum Corp. (Nasdaq:CRED) updated its horizontal drilling activities in the Texas Panhandle. In Lipscomb and Hemphill Counties, Credo owns an average 33% interest in about 3,000 gross acres, and currently operates 12 vertical wells. The wells are producing from the Morrow, Douglas and Tonkawa formations at depths from 7,000 to 11,500 feet. Credo’s interests range from very small to 100% depending on the size of the spacing units.
CREDO Petroleum Corporation, together with its subsidiaries, engages in the acquisition, exploration, development, and marketing of oil and gas properties in the Mid-Continent and Rocky Mountain regions of the United States.

Somerset Hills Bancorp (Nasdaq:SOMH) parent company of Somerset Hills Bank (the “Bank”), reported net income available to common stockholders of $2,510,000, or $0.46 per diluted share, for 2010 versus $1,544,000, or $0.28 per diluted share, for 2009. For the fourth quarter 2010, net income available to common stockholders was $810,000, or $0.15 per diluted share, versus $482,000, or $0.09 per diluted share, for the fourth quarter of 2009 and $689,000, or $0.13 per diluted share, for the third quarter of 2010.
Somerset Hills Bancorp operates as the holding company for Somerset Hills Bank, which provides commercial banking products and services primarily in Somerset, Morris, and Union Counties of New Jersey.

Bolt Technology Corp. (Nasdaq:BOLT) announced financial results for the second quarter and the first six months of fiscal year 2011. Sales for the second quarter of fiscal year 2011, the three months ended December 31, 2010, were $10,124,000 compared to $8,675,000 for the second quarter of fiscal year 2010. Net income for the quarter was $1,681,000 ($0.20 per share) compared to $1,461,000 ($0.17 per share) for the second quarter of fiscal year 2010.
Bolt Technology Corporation engages in the manufacture and sale of marine seismic data acquisition equipment to the oil and gas industry worldwide.

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