NEW YORK (TheStreet) -- Shares of oil and gas company Magnum Hunter Resources (MHR) were gaining 5% to $2.51 Monday as oil prices increased due to the weakening U.S. dollar.

WTI crude oil for May delivery was up 0.8% to $46.93 a barrel early Monday afternoon, and Brent crude oil was up 0.6% to $55.67 a barrel.

Oil prices were rising due to the declining strength of the U.S. dollar, according to Bloomberg. The dollar dropped against 15 foreign currencies following the Federal Reserve's comments last week. Oil is priced against U.S. dollars, so a weaker dollar makes the commodity more attractive to investors using other currencies.

Brent oil prices were falling earlier Monday after Saudi Arabia announced it is producing almost 10 million barrels a day. The increased output contributed to concerns of global oversupply, according to Reuters.

TheStreet Ratings team rates MAGNUM HUNTER RESOURCES CORP as a Sell with a ratings score of D. TheStreet Ratings Team has this to say about their recommendation:

"We rate MAGNUM HUNTER RESOURCES CORP (MHR) a SELL. This is driven by multiple weaknesses, which we believe should have a greater impact than any strengths, and could make it more difficult for investors to achieve positive results compared to most of the stocks we cover. The company's weaknesses can be seen in multiple areas, such as its generally high debt management risk, disappointing return on equity, weak operating cash flow and generally disappointing historical performance in the stock itself."

Highlights from the analysis by TheStreet Ratings Team goes as follows:

• Currently the debt-to-equity ratio of 1.78 is quite high overall and when compared to the industry average, suggesting that the current management of debt levels should be re-evaluated. To add to this, MHR has a quick ratio of 0.58, this demonstrates the lack of ability of the company to cover short-term liquidity needs.
• 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, MAGNUM HUNTER RESOURCES CORP'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 -$32.22 million or 199.09% when compared to the same quarter last year. In addition, when comparing to the industry average, the firm's growth rate is much lower.
• MHR's stock share price has done very poorly compared to where it was a year ago: Despite any rallies, the net result is that it is down by 69.32%, which is also worse that the performance of the S&P 500 Index. Investors have so far failed to pay much attention to the earnings improvements the company has managed to achieve over the last quarter. Naturally, the overall market trend is bound to be a significant factor. However, in one sense, the stock's sharp decline last year is a positive for future investors, making it cheaper (in proportion to its earnings over the past year) than most other stocks in its industry. But due to other concerns, we feel the stock is still not a good buy right now.
• MHR, with its decline in revenue, underperformed when compared the industry average of 19.6%. Since the same quarter one year prior, revenues fell by 33.6%. The declining revenue has not hurt the company's bottom line, with increasing earnings per share.
• You can view the full analysis from the report here: MHR Ratings Report