3 Stocks Pushing The Energy Industry Lower

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The Energy industry as a whole was unchanged today versus the S&P 500, which was up 0.2%. Laggards within the Energy industry included Sonde Resources ( SOQ), down 12.5%, Barnwell Industries ( BRN), down 3.3%, WSP Holdings ( WH), down 7.8%, Escalera Resources ( ESCR), down 2.9% and KiOR ( KIOR), down 17.5%.

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

KiOR ( KIOR) is one of the companies that pushed the Energy industry lower today. KiOR was down $0.02 (17.5%) to $0.10 on heavy volume. Throughout the day, 2,220,756 shares of KiOR exchanged hands as compared to its average daily volume of 693,800 shares. The stock ranged in price between $0.10-$0.12 after having opened the day at $0.11 as compared to the previous trading day's close of $0.12.

KiOR, Inc., a renewable fuels company, produces and sells cellulosic gasoline and diesel from lignocellulosic biomass using its proprietary biomass-to-cellulosic fuel technology platform. KiOR has a market cap of $8.3 million and is part of the basic materials sector. Shares are down 92.3% year-to-date as of the close of trading on Tuesday. Currently there are no analysts who rate KiOR a buy, no analysts rate it a sell, and 1 rates it a hold.

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TheStreet Ratings rates KiOR 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 KIOR go as follows:

  • KIOR's stock share price has done very poorly compared to where it was a year ago: Despite any rallies, the net result is that it is down by 94.53%, which is also worse that the performance of the S&P 500 Index. Investors have so far failed to pay much attention to the earnings improvements the company has managed to achieve over the last quarter. Naturally, the overall market trend is bound to be a significant factor. However, in one sense, the stock's sharp decline last year is a positive for future investors, making it cheaper (in proportion to its earnings over the past year) than most other stocks in its industry. But due to other concerns, we feel the stock is still not a good buy right now.
  • KIOR INC has improved earnings per share by 6.7% 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, KIOR INC reported poor results of -$3.20 versus -$0.92 in the prior year. This year, the market expects an improvement in earnings (-$0.92 versus -$3.20).
  • The net income growth from the same quarter one year ago has exceeded that of the S&P 500, but is less than that of the Oil, Gas & Consumable Fuels industry average. The net income increased by 2.4% when compared to the same quarter one year prior, going from -$31.34 million to -$30.59 million.
  • Net operating cash flow has increased to -$21.73 million or 14.83% when compared to the same quarter last year. The firm also exceeded the industry average cash flow growth rate of -6.58%.
  • The revenue growth greatly exceeded the industry average of 2.6%. Since the same quarter one year prior, revenues rose by 43.7%. This growth in revenue appears to have trickled down to the company's bottom line, improving the earnings per share.

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

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