Camac Energy Inc Stock Upgraded (CAK)

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

NEW YORK ( TheStreet) -- Camac Energy (AMEX: CAK) has been upgraded by TheStreet Ratings from sell to hold. The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including weak operating cash flow and deteriorating net income.

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Highlights from the ratings report include:
  • Powered by its strong earnings growth of 65.15% and other important driving factors, this stock has surged by 119.47% over the past year, outperforming the rise in the S&P 500 Index during the same period. Regarding the stock's future course, our hold rating indicates that we do not recommend additional investment in this stock despite its gains in the past year.
  • CAMAC ENERGY INC reported significant earnings per share improvement in the most recent quarter compared to the same quarter a year ago. This company has reported somewhat volatile earnings recently. But, we feel it is poised for EPS growth in the coming year. During the past fiscal year, CAMAC ENERGY INC reported poor results of -$0.07 versus -$0.02 in the prior year. This year, the market expects an improvement in earnings ($0.00 versus -$0.07).
  • The company, on the basis of net income growth from the same quarter one year ago, has underperformed when compared to that of the S&P 500 and the Oil, Gas & Consumable Fuels industry average. The net income has remained constant at -$11.93 million when compared to the same quarter one year ago.
  • Net operating cash flow has significantly decreased to -$21.61 million or 10192.38% when compared to the same quarter last year. In addition, when comparing to the industry average, the firm's growth rate is much lower.

CAMAC Energy operates as an independent oil and gas exploration and production company focused on energy resources in Africa. Camac Energy has a market cap of $806.3 million and is part of the basic materials sector and energy industry. Shares are up 6.9% year to date as of the close of trading on Wednesday.

You can view the full Camac Energy Ratings Report or get investment ideas from our investment research center.

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Disclosure: TheStreet's editorial policy prohibits staff editors, reporters and analysts from holding positions in any individual stocks.

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