Miller Energy Stock Soars (MILL)

NEW YORK ( TheStreet) -- Shares of Miller Energy Resources Inc (NYSE: MILL) have taken a tremendous swing upward. The stock is trading at $2.63 as of 3:56 p.m. ET, 20.1% above Monday's closing price of $2.19. Volume is at 267,495, 0.3 times the daily average of one million.

Miller Energy has a market cap of $108 million and is part of the basic materials sector and energy industry. Shares are down 57.9% year to date as of the close of trading on Monday.

Miller Energy Resources, Inc. engages in the exploration, production, and drilling of oil and natural gas resources in the United States.

TheStreet Ratings rates Miller Energy as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, expanding profit margins and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and a generally disappointing performance in the stock itself. You can view the full Miller Energy Ratings Report.

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