Royale Energy Inc. Stock Downgraded (ROYL)
- ROYALE ENERGY INC has exprienced a steep decline in earnings per share in the most recent quarter in comparison to its performance from the same quarter a year ago. The company has reported a trend of declining earnings per share over the past two years. During the past fiscal year, ROYALE ENERGY INC swung to a loss, reporting -$0.39 versus $0.11 in the prior year.
- The company, on the basis of change in net income from the same quarter one year ago, has significantly underperformed when compared to that of the S&P 500 and the Oil, Gas & Consumable Fuels industry. The net income has significantly decreased by 1324.9% when compared to the same quarter one year ago, falling from $0.33 million to -$4.03 million.
- Return on equity has greatly decreased when compared to its ROE from the same quarter one year prior. This is a signal of major weakness within the corporation. Compared to other companies in the Oil, Gas & Consumable Fuels industry and the overall market, ROYALE ENERGY INC's return on equity significantly trails that of both the industry average and the S&P 500.
- Net operating cash flow has significantly decreased to -$0.51 million or 118.47% when compared to the same quarter last year. In addition, when comparing to the industry average, the firm's growth rate is much lower.
- ROYL, with its decline in revenue, underperformed when compared the industry average of 14.6%. Since the same quarter one year prior, revenues fell by 15.1%. Weakness in the company's revenue seems to have hurt the bottom line, decreasing earnings per share.
-- Written by a member of TheStreet Ratings Staff
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