NEW YORK ( TheStreet) -- Deltic Timber Corporation (NYSE: DEL) has been upgraded by TheStreet Ratings from hold to buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, solid stock price performance and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Deltic Timber Corporation, a natural resources company, together with its subsidiaries, grows and harvests timber, as well as manufactures and markets lumber. The company has a P/E ratio of 51.5, equal to the average materials & construction industry P/E ratio and above the S&P 500 P/E ratio of 22.7. Deltic Timber has a market cap of $765.1 million and is part of the industrial goods sector and materials & construction industry. Shares are up 5.6% year to date as of the close of trading on Wednesday. You can view the full Deltic Timber Ratings Report or get investment ideas from our investment research center.