3 Stocks Pushing The Energy Industry Lower

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The Energy industry as a whole closed the day down 0.5% versus the S&P 500, which was down 0.6%. Laggards within the Energy industry included Sonde Resources ( SOQ), down 7.2%, Houston American Energy ( HUSA), down 5.3%, Pyramid Oil ( PDO), down 2.5%, FieldPoint Petroleum ( FPP), down 4.4% and Ivanhoe Energy ( IVAN), down 3.0%.

TheStreet Ratings Group would like to highlight 3 stocks that pushed the industry lower today:

Ivanhoe Energy ( IVAN) is one of the companies that pushed the Energy industry lower today. Ivanhoe Energy was down $0.01 (3.0%) to $0.23 on light volume. Throughout the day, 222,539 shares of Ivanhoe Energy exchanged hands as compared to its average daily volume of 510,500 shares. The stock ranged in price between $0.22-$0.24 after having opened the day at $0.23 as compared to the previous trading day's close of $0.23.

Ivanhoe Energy has a market cap of $26.6 million and is part of the basic materials sector. Shares are down 62.5% year-to-date as of the close of trading on Wednesday.

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At the close, Houston American Energy ( HUSA) was down $0.01 (5.3%) to $0.22 on heavy volume. Throughout the day, 732,089 shares of Houston American Energy exchanged hands as compared to its average daily volume of 205,400 shares. The stock ranged in price between $0.20-$0.23 after having opened the day at $0.23 as compared to the previous trading day's close of $0.24.

Houston American Energy Corp., an independent energy company, explores for, develops, and produces natural gas, crude oil, and condensate from properties located principally in the Gulf Coast area of the United States and South America. Houston American Energy has a market cap of $11.7 million and is part of the basic materials sector. Shares are down 6.0% year-to-date as of the close of trading on Wednesday.

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TheStreet Ratings rates Houston American Energy as a sell. Among the areas we feel are negative, one of the most important has been a generally disappointing historical performance in the stock itself.

Highlights from TheStreet Ratings analysis on HUSA go as follows:

  • In its most recent trading session, HUSA has closed at a price level that was not very different from its closing price of one year earlier. This is probably due to its weak earnings growth as well as other mixed factors. The fact that the stock is now selling for less than others in its industry in relation to its current earnings is not reason enough to justify a buy rating at this time.
  • The company's current return on equity greatly increased when compared to its ROE from the same quarter one year prior. This is a signal of significant strength within the corporation. Compared to other companies in the Oil, Gas & Consumable Fuels industry and the overall market, HOUSTON AMERN ENERGY CORP's return on equity significantly trails that of both the industry average and the S&P 500.
  • The gross profit margin for HOUSTON AMERN ENERGY CORP is currently very high, coming in at 74.53%. It has increased significantly from the same period last year. Regardless of the strong results of the gross profit margin, the net profit margin of -504.71% is in-line with the industry average.
  • Net operating cash flow has increased to -$0.70 million or 19.70% when compared to the same quarter last year. In addition, HOUSTON AMERN ENERGY CORP has also modestly surpassed the industry average cash flow growth rate of 18.80%.
  • HUSA has no debt to speak of therefore resulting in a debt-to-equity ratio of zero, which we consider to be a relatively favorable sign. Along with this, the company maintains a quick ratio of 35.70, which clearly demonstrates the ability to cover short-term cash needs.

You can view the full analysis from the report here: Houston American Energy Ratings Report

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

Sonde Resources ( SOQ) was another company that pushed the Energy industry lower today. Sonde Resources was down $0.02 (7.2%) to $0.26 on heavy volume. Throughout the day, 55,923 shares of Sonde Resources exchanged hands as compared to its average daily volume of 34,500 shares. The stock ranged in price between $0.25-$0.30 after having opened the day at $0.26 as compared to the previous trading day's close of $0.28.

Sonde Resources has a market cap of $16.3 million and is part of the basic materials sector. Shares are down 59.4% year-to-date as of the close of trading on Wednesday.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

Highlights from TheStreet Ratings analysis on SOQ go as follows:

You can view the full analysis from the report here: Sonde Resources Ratings Report

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

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