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Miller Energy Resources Inc Stock Downgraded (MILL)

NEW YORK ( TheStreet) -- Miller Energy Resources (NYSE: MILL) has been downgraded by TheStreet Ratings from hold to sell. The company's weaknesses can be seen in multiple areas, such as its disappointing return on equity, weak operating cash flow and generally disappointing historical performance in the stock itself.

  • EXCLUSIVE OFFER: Jim Cramer's Protégé, Dave Peltier, only buys Stocks Under $10 that he thinks could potentially double. See what he's trading today with a 14-day FREE pass.

Highlights from the ratings report include:

  • The company's current return on equity has slightly decreased from the same quarter one year prior. This implies a minor weakness in the organization. Compared to other companies in the Oil, Gas & Consumable Fuels industry and the overall market, MILLER ENERGY RESOURCES INC's return on equity significantly trails that of both the industry average and the S&P 500.
  • Net operating cash flow has significantly decreased to -$0.58 million or 107.64% when compared to the same quarter last year. In addition, when comparing to the industry average, the firm's growth rate is much lower.
  • MILL has underperformed the S&P 500 Index, declining 19.35% from its price level of one year ago. The fact that the stock is now selling for less than others in its industry in relation to its current earnings is not reason enough to justify a buy rating at this time.
  • 35.38% is the gross profit margin for MILLER ENERGY RESOURCES INC which we consider to be strong. Despite the high profit margin, it has decreased significantly from the same period last year. Despite the mixed results of the gross profit margin, MILL's net profit margin of -66.78% significantly underperformed when compared to the industry average.
  • Regardless of the drop in revenue, the company managed to outperform against the industry average of 10.7%. Since the same quarter one year prior, revenues slightly dropped by 5.3%. The declining revenue has not hurt the company's bottom line, with increasing earnings per share.

Miller Energy Resources, Inc., an independent exploration and production company, engages in the exploration, development, and production of oil and natural gas wells in the Appalachian region of eastern Tennessee and in southcentral Alaska. Miller Energy has a market cap of $170.2 million and is part of the basic materials sector and energy industry. Shares are up 1.8% year to date as of the close of trading on Friday.

You can view the full Miller Energy Ratings Report or get investment ideas from our investment research center.

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