Royale Energy, Inc. (Nasdaq: ROYL) announced the results of an independent review of the prospective resource potential of two recently identified North Slope Alaska drilling targets. Global independent expert, Netherland Sewell and Associates (NSAI) reviewed geological and geophysical data including the recently acquired 3D seismic survey, and concluded that the targets contain 17.8 to 325.3 Million barrels of oil in place. Present expectation of recovery ranges from 14% to 42% of oil in place. Royale Energy, Inc. (NASDAQ:ROYL) net profit margin is 90.30% and weekly performance is 3.74%. On last trading day company shares ended up $3.33. Analysts mean target price for the company is $14.91. Royale Energy, Inc. (NASDAQ:ROYL) distance from 50-day simple moving average is 13.84%.
On May 15, 2014 Pyramid Oil Company (NYSEMKT:PDO) announced financial results for its first quarter ended March 31, 2014.First quarter revenue was $1.0 million, flat versus revenue in the 2013 first quarter. Crude oil production increased 9% to 10,348 barrels of oil equivalent (BOE) from 9,482 BOE in the first quarter a year ago. The production increase was offset by a decline of $5.44 in the average realized crude oil price, which was $100.85 during the first quarter of 2014 versus $106.29 in the first quarter last year.Pyramid Oil Company (NYSEMKT:PDO) shares advanced 9.14% in last trading session and ended the day on $5.85. PDO Gross Margin is 54.50% and its return on assets is -1.50%. Pyramid Oil Company (NYSEMKT:PDO) quarterly performance is -13.84%.
On May 28, 2014 Synthesis Energy Systems, Inc. (SES) (Nasdaq:SYMX) announced that its wholly owned subsidiary, SES Technologies, LLC, Shanghai-based Jiangsu Tianwo-SES Clean Energy Technologies Ltd. (TSEC), and Midrex Technologies, Inc. (Midrex), a subsidiary of Kobe Steel Limited (ADR-OTC:KBSTY), have entered into an exclusive agreement for the joint marketing of coal gasification-based direct reduced iron (DRI) facilities in China. These facilities will combine the premiere SES Gasification Technology with the industry-leading MIDREX® Direct Reduction Process to create syngas from low quality coals in order to convert iron ore into high-purity DRI. Synthesis Energy Systems, Inc. (NASDAQ:SYMX) shares moved up 8.38% in last trading session and was closed at $1.81, while trading in range of $1.65-$1.93. Synthesis Energy Systems, Inc. (NASDAQ:SYMX) year to date performance is 201.67%.
The Walter Energy, Inc. (NYSE:WLT) on June 2 issued the following statement this morning regarding the release of EPA’s CO2 emission limits regulations for existing power plants: “Because the rules issued by EPA are aimed at controlling CO2 emissions from existing domestic power plants, we do not expect the regulation will have any material impact on Walter Energy. We primarily mine and sell metallurgical grades of coal that are used in making steel, not generating electricity. Approx. 95% of the company’s coal-related revenues come from the export of metallurgical coal. Walter Energy, Inc. (NYSE:WLT) ended the last trading day at $5.77. Company weekly volatility is calculated as 7.29% and price to cash ratio as 0.94. Walter Energy, Inc. (NYSE:WLT) showed a positive weekly performance of 3.96%.
Nabors Industries (NYSE:NBR) was upgraded by investment analysts at Guggenheim to a “neutral” rating in a note issued to investors on Thursday. Nabors Industries Ltd. (NYSE:NBR) net profit margin is 3.00% and weekly performance is 4.13%. On last trading day company shares ended up $29.00. Analysts mean target price for the company is $27.86. Nabors Industries Ltd. (NYSE:NBR) distance from 50-day simple moving average is 11.66%.
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