Duma Energy Corp, Initiating coverage. - Analyst Blog

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Duma Energy Corp, Initiating coverage.

Ian Gilson, CFA

Duma Energy Corp ( DUMA ) is an oil and natural gas company that owns producing properties in Texas and Illinois. The company has a significant interest is leases under exploration in Namibia that exceed 5 million acres with an estimated billion bbls of reserves in just one structure.

The company is profitable and revenue is growing rapidly. Our fiscal year 2013 (July 31) estimates are $20 million in revenue and $0.22 a share in earnings. Fiscal 2014 estimates are $34 million and $0.53 a share. The P/E on 2014 earnings is 3.6.

We are initiating coverage with an outperform rating and a $5 price target.

Please CLICK HERE to access a free copy of the full initiation report and disregard the link below.


 
DUMA ENERGY CP (DUMA): Free Stock Analysis Report
 
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.



This article appears in: Investing , Business , Stocks

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