NEW YORK (TheStreet) -- Endeavour International Corporation (END) stock is gaining Tuesday after the company upped its second-quarter production guidance and eased concerns of recent stock price falls. Guidance was increased to 10,500 to 11,500 barrels of oil equivalent per day (boe/d) from a previous 9,000 to 10,000 boe/d.
The company also said it had received several calls from analysts regarding recent market activity and that management is unaware of any catalyst for recent decreases in stock price.
In morning trading, shares are up 37.5% to $1.43. Trading volume of 4.3 million shares was triple its three-month daily average.
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TheStreet Ratings team rates ENDEAVOUR INTERNATIONAL CORP as a Sell with a ratings score of D. TheStreet Ratings Team has this to say about their recommendation:
"We rate ENDEAVOUR INTERNATIONAL CORP (END) a SELL. This is driven by several 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 deteriorating net income, 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: