Is Now the Time to Invest in Brooge Energy Limited (NASDAQ:BROG)?

Is Now the Time to Invest in Brooge Energy Limited (NASDAQ:BROG)?

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The Brooge Energy Limited (BROG) shares are trading at higher $9.60.

To add more color to this target, the company’s high over the last year is $13.98 and the low is $7.36. Over the last 52 weeks, BROG is down -31.33% while the S&P 500 is up 0.46%. The catalyst for this interesting swing was the company’s recent earnings report.

A Notable Earnings Report

In the last quarter, BROG reported a profit of $1.12 million. Brooge Energy Limited also saw revenues increase to $0.47 million. In addition, BROG has free cash flow of $3.06 million as of 09-2019 The company’s EBITDA came in at -$0.47 million which compares well with its peers.

BROG Return on Equity (ROE) is 1.50%, and its Return on Assets is 1.50%. All told, it is clear that, BROG needs to be on your watchlist.

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Of course, we must look beyond the financials and question how well those numbers represent the sustainable earnings power of the business. Investors need to know how sustainable this current run. BROG has a short ratio of 0.99 and outstanding shares of 26.73M.

Company Outlook

BROG has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 21080.0 and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at 0.12. Brooge Energy Limited BROG also noted assets of $212.91 million at the end of the last quarter. Investors should also keep an eye on sector updates as BROG has historically followed its peers on positive news.

All told, Brooge Energy Limited BROG has strung together solid data and demonstrated underlying fundamentals. At its current valuation, BROG represents an interesting risk/reward case. Traders should stay tuned to see if this recent report will push the stock to test recent resistance levels.

Brooge Energy Limited BROG is now commanding a market cap of 1.07B. BROG is increasing its credibility in this sector and that could lead to more upside down the line. Sign-up for continuing coverage on shares of BROG stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!

Disclosure: we hold no position in BROG, either long or short, and we have not been compensated for this article.