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3 Stocks Pushing The Energy Industry Lower

Stock quotes in this article: IMO, WH, PSTR

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

The Energy industry as a whole closed the day down 1.2% versus the S&P 500, which was down 0.1%. Laggards within the Energy industry included CKX Lands ( CKX), down 3.0%, Barnwell Industries ( BRN), down 2.1%, PostRock Energy ( PSTR), down 5.2%, WSP Holdings ( WH), down 3.4% and FieldPoint Petroleum ( FPP), down 1.8%.

TheStreet Ratings Group would like to highlight 3 stocks that pushed the industry lower today:

Imperial Oil ( IMO) is one of the companies that pushed the Energy industry lower today. Imperial Oil was down $0.91 (1.8%) to $50.43 on average volume. Throughout the day, 170,584 shares of Imperial Oil exchanged hands as compared to its average daily volume of 165,300 shares. The stock ranged in price between $50.24-$51.28 after having opened the day at $51.02 as compared to the previous trading day's close of $51.34.

Imperial Oil Limited is engaged in the exploration for, production, and sale of crude oil and natural gas in Canada. The company operates through three segments: Upstream, Downstream, and Chemical. Imperial Oil has a market cap of $43.9 billion and is part of the basic materials sector. Shares are up 16.1% year-to-date as of the close of trading on Thursday. Currently there are no analysts who rate Imperial Oil a buy, 1 analyst rates it a sell, and 2 rate it a hold.

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TheStreet Ratings rates Imperial Oil as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, attractive valuation levels, good cash flow from operations and increase in net income. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity.

Highlights from TheStreet Ratings analysis on IMO go as follows:

  • The revenue growth came in higher than the industry average of 3.5%. Since the same quarter one year prior, revenues rose by 15.0%. Growth in the company's revenue appears to have helped boost the earnings per share.
  • Investors have apparently begun to recognize positive factors similar to those we have mentioned in this report, including earnings growth. This has helped drive up the company's shares by a sharp 28.06% over the past year, a rise that has exceeded that of the S&P 500 Index. Regarding the stock's future course, although almost any stock can fall in a broad market decline, IMO should continue to move higher despite the fact that it has already enjoyed a very nice gain in the past year.
  • The net income growth from the same quarter one year ago has exceeded that of the S&P 500 and greatly outperformed compared to the Oil, Gas & Consumable Fuels industry average. The net income increased by 18.5% when compared to the same quarter one year prior, going from $798.00 million to $946.00 million.
  • Net operating cash flow has significantly increased by 81.74% to $1,085.00 million when compared to the same quarter last year. In addition, IMPERIAL OIL LTD has also vastly surpassed the industry average cash flow growth rate of 16.72%.

You can view the full analysis from the report here: Imperial Oil Ratings Report

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

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