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The Energy industry as a whole closed the day down 2.6% versus the S&P 500, which was down 0.9%. Laggards within the Energy industry included Lilis Energy ( LLEX), down 8.1%, Enerjex Resources ( ENRJ), down 12.8%, Saratoga Resources ( SARA), down 6.6%, FieldPoint Petroleum ( FPP), down 3.8% and Escalera Resources ( ESCR), down 10.7%.

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

Imperial Oil ( IMO) is one of the companies that pushed the Energy industry lower today. Imperial Oil was down $0.91 (2.2%) to $39.90 on average volume. Throughout the day, 275,193 shares of Imperial Oil exchanged hands as compared to its average daily volume of 295,300 shares. The stock ranged in price between $39.55-$40.99 after having opened the day at $40.31 as compared to the previous trading day's close of $40.81.

Imperial Oil Limited is engaged in the exploration for, production, and sale of crude oil and natural gas in Canada. The company operates through three segments: Upstream, Downstream, and Chemical. Imperial Oil has a market cap of $36.1 billion and is part of the basic materials sector. Shares are down 5.2% year-to-date as of the close of trading on Monday. Currently there are no analysts who rate Imperial Oil a buy, 1 analyst rates it a sell, and 2 rate it a hold.

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TheStreet Ratings rates Imperial Oil as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, attractive valuation levels, good cash flow from operations, compelling growth in net income and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company shows low profit margins.

Highlights from TheStreet Ratings analysis on IMO go as follows:

  • The revenue growth came in higher than the industry average of 6.7%. Since the same quarter one year prior, revenues rose by 12.7%. Growth in the company's revenue appears to have helped boost the earnings per share.
  • The net income growth from the same quarter one year ago has significantly exceeded that of the S&P 500 and the Oil, Gas & Consumable Fuels industry. The net income increased by 44.7% when compared to the same quarter one year prior, rising from $647.00 million to $936.00 million.
  • Net operating cash flow has significantly increased by 312.75% to $1,230.00 million when compared to the same quarter last year. In addition, IMPERIAL OIL LTD has also vastly surpassed the industry average cash flow growth rate of -1.92%.
  • IMO's debt-to-equity ratio is very low at 0.28 and is currently below that of the industry average, implying that there has been very successful management of debt levels. Even though the company has a strong debt-to-equity ratio, the quick ratio of 0.33 is very weak and demonstrates a lack of ability to pay short-term obligations.

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

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At the close, Saratoga Resources ( SARA) was down $0.01 (6.6%) to $0.21 on light volume. Throughout the day, 77,586 shares of Saratoga Resources exchanged hands as compared to its average daily volume of 151,800 shares. The stock ranged in price between $0.20-$0.24 after having opened the day at $0.21 as compared to the previous trading day's close of $0.22.

Saratoga Resources, Inc., an independent oil and natural gas company, acquires, exploits, produces, and develops crude oil and natural gas properties in the United States. Saratoga Resources has a market cap of $7.2 million and is part of the basic materials sector. Shares are up 7.7% year-to-date as of the close of trading on Monday.

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TheStreet Ratings rates Saratoga Resources as a sell. The company's weaknesses can be seen in multiple areas, such as its feeble growth in its earnings per share, deteriorating net income, generally high debt management risk, disappointing return on equity and generally disappointing historical performance in the stock itself.

Highlights from TheStreet Ratings analysis on SARA go as follows:

  • The debt-to-equity ratio is very high at 14.32 and currently higher than the industry average, implying increased risk associated with the management of debt levels within the company. Along with the unfavorable debt-to-equity ratio, SARA maintains a poor quick ratio of 0.78, which illustrates the inability to avoid short-term cash problems.
  • Return on equity has greatly decreased when compared to its ROE from the same quarter one year prior. This is a signal of major weakness within the corporation. Compared to other companies in the Oil, Gas & Consumable Fuels industry and the overall market, SARATOGA RESOURCES INC's return on equity significantly trails that of both the industry average and the S&P 500.
  • SARATOGA RESOURCES INC has experienced a steep decline in earnings per share in the most recent quarter in comparison to its performance from the same quarter a year ago. The company has reported a trend of declining earnings per share over the past two years. During the past fiscal year, SARATOGA RESOURCES INC reported poor results of -$0.85 versus -$0.13 in the prior year.
  • The company, on the basis of change in net income from the same quarter one year ago, has significantly underperformed when compared to that of the S&P 500 and the Oil, Gas & Consumable Fuels industry. The net income has significantly decreased by 79.4% when compared to the same quarter one year ago, falling from -$5.73 million to -$10.27 million.
  • Despite any intermediate fluctuations, we have only bad news to report on this stock's performance over the last year: it has tumbled by 79.84%, worse than the S&P 500's performance. Consistent with the plunge in the stock price, the company's earnings per share are down 73.68% compared to the year-earlier 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.

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

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Enerjex Resources ( ENRJ) was another company that pushed the Energy industry lower today. Enerjex Resources was down $0.24 (12.8%) to $1.64 on average volume. Throughout the day, 6,324 shares of Enerjex Resources exchanged hands as compared to its average daily volume of 8,400 shares. The stock ranged in price between $1.58-$1.95 after having opened the day at $1.94 as compared to the previous trading day's close of $1.88.

Enerjex Resources has a market cap of $15.8 million and is part of the basic materials sector. Shares are up 3.5% year-to-date as of the close of trading on Monday.

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