By Houston Business Journal

Shares of BPZ Resources Inc. finished the week by rising more than 10 percent Friday after positive news from analysts.

The Houston-based energy company's shares closed up 49 cents to $5.21 per share Friday, a 10.38 percent increase.

BPZ stock (NYSE: BPZ) hovered just under $5 per share for most of the week, until the company announced Friday that it had secured $40 million in debt financing with Credit Suisse AG.

That was followed by an upgrade to ⿿strong buy⿝ from ⿿outperform⿝ by an analyst at Raymond James on Friday, who noted that the company has been reporting higher oil production than analyst expectations.

Shares of BPZ are still trading well below their 52-week high of just under $8 per share in March 2010.

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