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. Follow TheStreet.com on Twitter and become a fan on Facebook.
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.
Shares of Pyramid Oil Company (AMEX:PDO) have taken a tremendous swing upward. The stock is trading at $4.85 as of 3:15 p.m. ET, 24.4% above Friday's closing price of $3.90. Volume is at 263,601, 15.8 times the daily average of 16,700.