Talking Numbers: Revenue Remains King - Research Report on Lamar Advertising Co., ValueClick Inc., Penn West Petroleum Ltd., EnCana Corporation and Royal Gold, Inc.

Feb 25, 2013, 08:00 ET from Investors-Alliance

NEW YORK, February 25, 2013 /PRNewswire/ --

Today, National Traders Association announced new research reports highlighting Lamar Advertising Co. (NASDAQ: LAMR), ValueClick Inc. (NASDAQ: VCLK), Penn West Petroleum Ltd. (NYSE: PWE), EnCana Corporation (NYSE: ECA) and Royal Gold, Inc. (NASDAQ: RGLD). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.

Lamar Advertising Co. Research Report

Lamar Advertising Company has some of the most impressive growth prospects in the industry and its transition to digital billboards can drive the sell-side's extreme current-year bottom line growth forecast by 120 percent and the year-ahead bottom line growth forecast by 263 percent. Investors are bullish on Lamar because the leading outdoor advertising firm's industry-level outlook is promising, as it upgrades its ad portfolio digitally. As digital billboards offer ad space to multiple customers, revenue per billboard is increased. In August, Lamar announced that it is considering converting its billboard business into a real estate investment trust, or REIT. As a REIT, the company can avoid paying corporate level income taxes as long as it distributes at least 90 percent of its taxable income to shareholders in the form of dividends. By converting into this new structure, the company could be valued at a higher multiple of earnings. Looking ahead, the company sees further gains if it goes beyond analysts' quarterly EPS estimates. Analysts are expecting Lamar to finish its Q4 2012, which will be reported on February 27, with earnings of 10 cents per share, representing 43 percent growth from the previous year. The Full Research Report on Lamar Advertising Co. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: []


ValueClick Inc. Research Report

ValueClick, on the other hand, is a digital marketing services company and is one of the world's largest and most comprehensive online marketing services companies. As the cyberspace reaches almost anyone anywhere in the world, online advertising seems to be the most effective form of information dissemination. Analysts believe that ValueClick's full suite of digital media advertising products is likely to become a more competitive advantage over time. In Q3 2012, ValueClick reported a 26 percent rise in revenue compared to the same quarter in 2011. Pre-tax income increased 25 percent and the EPS was at 31 cents. The Full Research Report on ValueClick Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: []


Penn West Petroleum Ltd. Research Report

Penn West is the largest oil and gas energy trust in North America and is also a Canadian royalty trust. This year, the company plans to cut its spending and lower costs by finding efficiencies and halting land acquisitions. The company has a leading position in several emerging and established light oil resource plays as well as many other large scale resource opportunities. For 2013, Penn West has an approved capital budget of $900 million, with the possibility of an additional $300 million in the second half of the year. The focus of the budget is to improve capital efficiencies by focusing capital on projects that are expected to produce flowing barrel efficiencies in the $35,000 to $40,000 per boe a day. The company also has taken on a more balanced pace of drilling, planning to peak at approximately 20 rigs in the first quarter of 2013. 90 percent of the base capital budget is planned to be allocated toward light oil projects. The company expects 2013 average annual production to be around 135,000 to 145,000 barrels of oil equivalent a day. Analysts are optimistic about Penn West, believing that it will outperform. This bullish assessment is based on the company's positive long term history and good management, as well as being oversold and under the trader's radar. The Full Research Report on Penn West Petroleum Ltd. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: []


EnCana Corporation Research Report

EnCana is also a major North American energy producer. The company's gas-rich formations in Canada and the US may appeal to companies looking to export the fuel to Asia. As several Asian economies grow, their demand for oil and natural gas also expand. Natural gas provides an environmentally cleaner alternative to coal, and the Asian communities are projected to require substantial amounts of natural gas in the future. For 2013, the company is planning to focus on its core activities. It has also sought to engage in partnerships to further support its growth. PetroChina Company is among the Chinese energy companies that are seeking to partner with North American gas producers like EnCana to secure future supplies. This year EnCana projects average daily liquids production to range from 60,000 to 70,000 oil barrels a day comprised of light oil and field condensate. The Full Research Report on EnCana Corporation - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: []


Royal Gold, Inc. Research Report

Royal Gold reported record royalty revenue of $79.9 million for Q2 of 2013, with a record adjusted EBITDA of $73.4 million or about 92 percent of revenues. It also has a 16 percent debt/equity rate and a 35 percent net profit margin. Shares are up almost 150 percent over the last five years. The rally is not necessarily because of speculative reasons, but is mostly caused by solid bottom line growth. Free cash flows have risen in excess of 150 percent, while net income grew at a whopping 650 percent over the same period. Margins also improved at 80 percent, and management expects the improvement to continue. The company is expected to be producing higher yields in the future after its assets increased significantly. Its top 12 assets account for 82 percent of its total revenues, compared to the top 9 the previous year. The Full Research Report on Royal Gold, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: []


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