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

Brooge Energy has agreed to pay a $5 million civil penalty to settle charges by the SEC for alleged fraudulent accounting and offering conduct. The settlement includes an agreement to cease any future violations. Two former officers have also resolved related charges without admitting or denying the findings, according to an SEC filing.

Portfolio Pulse from Happy Mohamed

December 26, 2023 | 5:11 pm

AAR Corp. (NYSE:AIR) shares dropped by 7% after reporting mixed Q2 results, with sales missing and EPS beating consensus. AAR also acquired Triumph Group Inc's (NYSE:TGI) Product Support business for $725 million. Other stocks experienced significant movements, with NextPlay Technologies, Inc. (NASDAQ:NXTP) and Jin Medical International Ltd. (NASDAQ:ZJYL) among the top gainers, while AlloVir, Inc. (NASDAQ:ALVR) and Jayud Global Logistics Limited (NASDAQ:JYD) were among the biggest losers. Notably, Karuna Therapeutics, Inc. (NASDAQ:KRTX) surged after an acquisition announcement by Bristol Myers Squibb & Co (NYSE:BMY), and NIKE, Inc. (NYSE:NKE) fell after mixed earnings and a cost savings plan announcement.

Portfolio Pulse from Avi Kapoor

December 22, 2023 | 6:28 pm

Several stocks experienced significant movement in Thursday's mid-day session. Orchard Therapeutics plc (ORTX) shares climbed 97.7% after agreeing to be acquired by Japan's Kyowa Kirin. SP Plus Corporation (SP) shares gained 47.5% after Metropolis Technologies announced it will acquire the company. Accolade Inc (ACCD) shares fell 9.9% after the company reported second-quarter results. Grupo Aeroportuario del Centro Norte (OMAB) shares dipped 39.6%.

Portfolio Pulse from Lisa Levin

October 05, 2023 | 5:23 pm

Brooge Energy's shares are trading lower despite the recent acquisition proposal by Gulf Navigation Holdings. The stock had gained on Wednesday following the announcement of the proposal.

Portfolio Pulse from Bill Haddad

October 05, 2023 | 4:09 pm

The article lists the stocks that have gained and lost the most in Wednesday's mid-day session. Gaucho Group Holdings, Vivos Therapeutics, and Conduit Pharmaceuticals were among the top gainers, while Molekule Group, A10 Networks, and Inhibikase Therapeutics were among the top losers. Cal-Maine Foods shares fell by around 8% due to weaker-than-expected sales for its first quarter.

Portfolio Pulse from Lisa Levin

October 04, 2023 | 4:48 pm

Several US stocks recorded gains in Wednesday's trading session. Conduit Pharmaceuticals Inc. (CDT) surged 39.7% to $6.72. LiveVox Holdings, Inc. (LVOX) climbed 8.1% to $3.61 after NICE announced it will acquire the company. FREYR Battery (FREY) gained 7.5% to $4.9250 after an operational progress update. Acuity Brands, Inc. (AYI) rose 6.6% to $178.48 following better-than-expected quarterly earnings. Brooge Energy Limited (BROG) gained 6.6% to $5.85 after GULFNAV submitted a proposal to acquire all of its businesses and assets. RPM International Inc. (RPM) rose 6.3% to $98.65 after reporting better-than-expected Q1 financial results and issuing guidance.

Portfolio Pulse from Lisa Levin

October 04, 2023 | 2:09 pm

Several stocks are experiencing significant pre-market movements. Brainstorm Cell Therapeutics (BCLI), Sonendo (SONX), Senti Biosciences (SNTI), Brooge Energy (BROG), Visionary Education Technology Holdings Group (VEDU), Trio Petroleum (TPET), FLJ Group (FLJ), Globus Maritime (GLBS), FingerMotion (FNGR), and CalAmp Corp. (CAMP) are among the gainers. Lithium Americas (LAC), Molekule Group (MKUL), MSP Recovery (LIFW), Femasys (FEMY), Petros Pharmaceuticals (PTPI), AgileThought (AGIL), VIQ Solutions (VQS), GSE Systems (GVP), Cal-Maine Foods (CALM), and A10 Networks (ATEN) are among the losers.

Portfolio Pulse from Lisa Levin

October 04, 2023 | 12:03 pm

Brooge Energy Limited (NASDAQ:BROG) has received a formal acquisition proposal from Gulf Navigation Holdings PJSC, a maritime and shipping giant listed on the Dubai Financial Market. The offer includes a complete takeover of all assets and businesses of Brooge Energy. The transaction, if agreed upon, is expected to close in Q4.

Portfolio Pulse from Nabaparna Bhattacharya

October 04, 2023 | 11:45 am

Dubai-based Gulf Navigation Holdings PJSC has submitted a proposal to acquire all businesses and assets of Brooge Energy. This has led to a rise in Brooge Energy's share prices.

Portfolio Pulse from Benzinga Newsdesk

October 04, 2023 | 9:49 am

Brooge Energy announced that GULFNAV has submitted a proposal to acquire all of its businesses and assets, leading to a rise in Brooge Energy's share prices.

Portfolio Pulse from Benzinga Newsdesk

October 03, 2023 | 8:36 pm

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