Two Energy Stocks Trending Up: Royale Energy, Inc. (NASDAQ:ROYL), James River Coal Company (NASDAQ:JRCC)

Posted by Chris Bell May 6, 2013 0 Comment 1646 views


Northern, WI 05/06/2013 (GDPInsider) –  Royale Energy, Inc. (NASDAQ:ROYL) started trading today at 2.54 and the stock has rallied 8.52% on trading volume of 326.83K. The stock has been trending downward since February and except for a spike in the first week of April 2013, ROYL has been moving south. That trend looks ready for reversal and the stock is now 1.03% above its 20-day simple moving average and a further 8.65% above its 50-day simple moving average. The company which is an independent oil and natural gas producer recently filed form 10-K/A to the SEC outlining its annual report. The stock is heavily influenced by movements in price and demand for oil and natural gas and Royale has seen losses in revenues of 65.7% in 2012. The company cited decreased production as a result of depleting yields from the wells that it owns. There has also been a 65.00% decrease in turnkey drilling revenues for the year ended 31 December, 2012. The stock has a RSI of 54.90 and analysts have set a target price of 14.91 for ROYL.

Is ROYL a solid investment at these levels? Get exclusive data and trends here.

James River Coal Company (NASDAQ:JRCC) is up 8.29% and opened trading at 1.99. The stock currently has a volume of 1.31 million and a range of 1.97 and 2.25. The stock has been moving northwards on news beginning with the release of its quarterly earnings report. Although the company suffered a loss for its reporting quarter, it did beat Wall Street expectations and this sent the stock climbing last week—at one point the stock was up 10.91%.

Wall Street had estimated a EPS loss of $-1.60 but JRCC reported a EPS loss of $1.21, bettering expectations by a solid $190.55 million. CEO Peter Socha was upbeat about the loss and hinted at brighter days given the recent restructuring of operations. “Our mining operations had an excellent quarter. As previously discussed, they have substantially completed a major restructuring of all mines and support services,” said Socha during the release. JRCC has a target price of 2.79 and a RSI of 58.71.

How Should Investors Trade JRCC Now? Get exclusive insights and updates here.

 

 

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About Chris Bell

Chris Bell is an investing reporter for GDP Insider. Chris covers financial markets and Wall Street, concentrating on developments affecting individual investors and their portfolios. Chris is also over consumer reporter and covers a wide variety of issues ranging from housing to immigration to urban poverty. Chris graduated from the University of Scranton with a degree in Communication and Philosophy. Chris's diligent investigations earned him the honor of being named "Best Reporter" once by the Headliners Foundation of Texas and once by the Houston Press Club.

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