C.K. Cooper & Company Upgrades Royale Energy to Short-Term, Long-Term Strong-Buy, Placed $6.00 Goal Price.IRVINE, Calif.--(BUSINESS WIRE)--Oct. 12, 1998--C.K. Cooper & Company Monday released a 8 page research report on Royale Energy (Nasdaq:ROYL). In this report, C.K. Cooper raised its Short-Term Short-term Any investments with a maturity of one year or less. short-term 1. Of or relating to a gain or loss on the value of an asset that has been held less than a specified period of time. rating to Strong-Buy from Hold and maintained and raised its Long-Term Long-term Three or more years. In the context of accounting, more than 1 year. long-term 1. Of or relating to a gain or loss in the value of a security that has been held over a specific length of time. Compare short-term. rating to Strong-Buy. C.K. Cooper & Company further stated that based upon 1998 earnings projections of $1.6 million or $0.44 per share, that it placed a target price of $6.00 per share. "We recognize that the energy sector remains extremely sluggish. However, given that Royale derives almost 100% of its oil and gas sales from Natural Gas, and our continued belief that strong growth can be sustained, we believe that the company remains attractive. Royale remains undervalued Undervalued A stock or other security that is trading below its true value. Notes: The difficulty is knowing what the "true" value actually is. Analysts will usually recommend an undervalued stock with a strong buy rating. based upon, a multiple of earnings, a multiple of cash flow and as a percentage of break-up value break-up value n (COMM) → valor m de liquidación break-up value n (Comm) → valeur f de liquidation ," commented Alexander G. Montano. For more information, contact: C.K. Cooper & Company, 18500 Von Karman Avenue, Suite 560, Irvine, Calif. 92612. Phone: 949/477-9300, Facsimile: 949/477-9211, E-mail: administration@ckcooper.com. C.K. Cooper & Company is an investment banking boutique Boutique A small investment firm specializing in offering specific, but limited services to a select number of individuals. Notes: These investment firms are the alternatives to large financial supermarkets. They provide a highly personalized environment for investing. that specializes in the energy sector with an emphasis on exploration and production companies. |
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