Pyramid Oil Stock Soars (PDO)

NEW YORK (TheStreet) -- Shares of Pyramid Oil Company (AMEX:PDO) have taken a tremendous swing upward. The stock is trading at $5.78 as of 1:10 p.m. ET, 21.7% above Friday's closing price of $4.75. Volume is at 166,782, 10 times the daily average of 16,700.

Pyramid Oil has a market cap of $18.8 million and is part of the basic materials sector and energy industry. Shares are up 17.9% year to date as of the close of trading on Friday.

Pyramid Oil Company engages in the exploration, development, and production of crude oil and natural gas resources. The company operates 27 oil and gas leases located in the Kern and Santa Barbara counties in the state of California. The company has a P/E ratio of 31.7, above the average energy industry P/E ratio of 26.8 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Pyramid Oil as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, unimpressive growth in net income and poor profit margins. You can view the full Pyramid Oil Ratings Report.

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