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New York, NY -- (SBWIRE) -- 04/04/2013 -- StockRunway.com issues special report on the Uptrending Energy Stocks – Royale Energy, Inc.(NASDAQ:ROYL), BPZ Resources Inc (NYSE:BPZ), Magnum Hunter Resources Corp (NYSE:MHR)
Royale Energy, Inc.(NASDAQ:ROYL) showed sudden rally yesterday after petroleum geologist Ed Duncan said in an article from Environment and Energy reprinted in a press release by Royale Energy (ROYL) that he is on the precipice of proving America's next big shale oil play. Duncan, who is president and CEO of Great Bear Petroleum, is highly optimistic that Alaska's North Slope geology will yield abundant available resources as vast as the unconventional oil plays at Texas' Eagle Ford and North Dakota's Bakken shale fields.
For How Long ROYL’s Gloss will Attract Investors? Find out via this report
Royale Energy, Inc. (NASDAQ:ROYL) increase +8.96% and closed at $2.19 in the last trading session with the total traded volume of 1.07 million shares.That’s more than the average volume of 128,399.00.ROYLis now trading above its 50 day moving average of -10.02% and 200 day moving average of -23.53%.
It has outstanding shares of 11.17 million with the total market cap of $24.46million and its beta value stands at 1.41times which shows that stock is more volatile.
BPZ Resources Inc (NYSE:BPZ) surged after issuing an update on offshore Block Z-1. The company said “Platform monitoring and control system modifications to facilitate operation of the CX-15 platform before new drilling can begin are being worked on by the Block Z-1 partners. Temporary equipment is tracking platform response to weather and ocean conditions as well as draft, while engineering and installation of the modified onboard monitoring and control system is completed”.
The Company is intended to provide more update on the CX-15 drilling campaign in the next two weeks.
Will BPZ Continue To Move Higher? Find Out Here
BPZ Resources Inc (NYSE:BPZ) gained +6.07% to close at $2.27 and its overall volume in the last trading session was 810,200shares, beating the average volume of 729,179.00. BPZhit the day high price of $2.29 and day low of $2.15.
The stock is trading with positive year-to-date performance of -27.94%. It has current ratio of 1.49 and its debt-to-equity ratio is 1.19. The company has total market cap of $265.42million.
Magnum Hunter Resources Corp (NYSE:MHR) jumped, but then trimmed gains, after receiving an $400 million offer from Penn Virginia Corp. for its producing properties and undeveloped leasehold interests in the Eagle Ford Shale play in Texas.
Pursuant to the agreement, MHR will sell about 19,000 net mineral acres in Gonzales and Lavaca Counties, Texas which are located adjacent to the company’s current position in both counties. Consequently, Penn will take hold ofnearly 83,000 gross acres of the Eagle Ford Shale and will raise their drilling inventory by 345 locations, for a total of 640 drilling locations.
For How Long MHR will Fight for Profitability? Read This Trend Analysis report
Magnum Hunter Resources Corp (NYSE:MHR)gained +3.15% with the closing price of $3.93. The overall volume in the last trading session was 12.68 millionshares. Its fifty two week range was $3.29-$6.68 The total market capitalization remained $668.16 million.
The stock is ahead its 52 week low with 19.45% and its last month price volatility remained 3.84%. Its beta coefficient was 1.74 with a target price of $6.50. In its share capital,the company has 168.63 million outstanding shares while 157.63 million shares have been floated in market.
It has insider ownership of 4.24% with its institutional ownership remained 56.32%. Its current year earnings per share grew with 16.70%.
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