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Alico, Pyramid Oil: Ratings Changes

The stock: CKX Lands has dropped 13% this year, underperforming major U.S. indices. The stock trades at a price-to-earnings ratio of 16, a discount to the market and real estate peers. The shares offer a 2.4% dividend yield.

The model downgraded oil and gas explorer Pyramid Oil (PDO) to "sell."

The numbers: Pyramid Oil swung to a second-quarter loss of $40,000, or 1 cent a share, from profit of $910,000, or 19 cents a share, in the year-earlier period. Revenue fell 62% to $800,000. Its gross margin dropped from 75% to 50% and its operating margin plummeted from 55% to less than 1%. The company has a stable financial position, with minimal debt, strong liquidity and a quick ratio of 11.

The stock: Pyramid Oil is up 6% this year, trailing major U.S. indices. The company doesn't pay dividends and has had erratic operating results over the past two years.

-- Reported by Jake Lynch in Boston.

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ALCO $47.11 -1.36%
BNCL $11.85 1.46%
CKX $14.52 0.28%
PDO $3.58 -2.05%
AAPL $130.28 0.47%


DOW 18,080.14 +21.45 0.12%
S&P 500 2,117.69 +4.76 0.23%
NASDAQ 5,092.0850 +36.0220 0.71%

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