Streetbeat News

BROG

Brooge Energy Limited

Industry

Oil & Gas Midstream

Brooge Energy Limited, through its subsidiaries, provides oil storage and related services at the Port of Fujairah in the emirate of Fujairah in the United Arab Emirates. The company operates phase I facility that comprises 14 storage tanks with an aggregate geometric capacity of 399,324 cbm for the storage, heating, and blending of fuel oil and clean petroleum products, including aviation fuel, gas oil, gasoline, marine gas oil, and naphtha. It also provides ancillary services that comprise blending and circulation, heating, throughput, and intertank transfer. The company was formerly known as Brooge Holdings Limited and changed its name to Brooge Energy Limited in April 2020. Brooge Energy Limited was incorporated in 2019 and is headquartered in Fujairah, the United Arab Emirates.

Open

1.32

Mkt cap

124M

Volume

7.2K

High

1.42

P/E Ratio

2.04

52-wk high

6.66

Low

1.32

Div yield

N/A

52-wk low

0.80

Oil and gas stocks are declining after a recent rally driven by China's stimulus and Middle East tensions. The decline may also be influenced by resumed talks between rival factions in Libya.

Portfolio Pulse from Benzinga Newsdesk

September 25, 2024 | 7:22 pm

Brooge Energy Ltd (NASDAQ:BROG) and Battalion Oil Corp (NYSE:BATL) are identified as overbought energy stocks with high RSI values, indicating potential short-term price declines. Brooge Energy recently received a Nasdaq non-compliance letter, while Battalion Oil amended its merger agreement with Fury Resources.

Portfolio Pulse from Avi Kapoor

September 20, 2024 | 11:56 am

Oil and gas stocks are rising due to increased oil prices following a Fed rate cut and Middle East tensions potentially affecting supply.

Portfolio Pulse from Benzinga Newsdesk

September 19, 2024 | 4:49 pm

Brooge Energy has received a non-compliance letter from Nasdaq, indicating that the company is not meeting certain listing requirements.

Portfolio Pulse from Benzinga Newsdesk

June 05, 2024 | 8:40 pm

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Portfolio Pulse from Avi Kapoor

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Portfolio Pulse from Avi Kapoor

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Portfolio Pulse from Avi Kapoor

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Portfolio Pulse from Avi Kapoor

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Portfolio Pulse from Avi Kapoor

January 02, 2024 | 6:35 pm

Brooge Energy's stock price is down following the announcement of a settlement with the SEC, which includes a $5 million penalty and an agreement to cease any future violations.

Portfolio Pulse from Benzinga Newsdesk

December 26, 2023 | 5:15 pm

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