NEW YORK (
) -- Shares of
) were gapping up Wednesday morning with an open price 12.3% higher than Tuesday's closing price. The stock closed at $6.66 Tuesday and opened today's trading at $7.48.
The average volume for Royale Energy has been 1.2 million shares per day over the past 30 days. Royale Energy has a market cap of $61.4 million and is part of the
industry. Shares are up 197.3% year to date as of the close of trading on Tuesday.
Royale Energy, Inc. operates as an independent oil and natural gas producer in the United States. The company has a P/E ratio of 74.9, below the average energy industry P/E ratio of 85.6 and above the S&P 500 P/E ratio of 21.9.
TheStreet Ratings rates Royale Energy as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, compelling growth in net income and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including premium valuation and weak operating cash flow. You can view the full
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