3 Stocks Pushing The Energy Industry Lower

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.

The Energy industry as a whole closed the day down 0.1% versus the S&P 500, which was down 0.8%. Laggards within the Energy industry included Enerjex Resources ( ENRJ), down 11.2%, Tengasco ( TGC), down 10.7%, Mexco Energy ( MXC), down 5.8%, Dejour Energy ( DEJ), down 3.2% and Superior Drilling Products ( SDPI), down 5.6%.

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

Superior Drilling Products ( SDPI) is one of the companies that pushed the Energy industry lower today. Superior Drilling Products was down $0.22 (5.6%) to $3.69 on heavy volume. Throughout the day, 64,798 shares of Superior Drilling Products exchanged hands as compared to its average daily volume of 37,700 shares. The stock ranged in price between $3.62-$3.92 after having opened the day at $3.92 as compared to the previous trading day's close of $3.91.

Superior Drilling Products has a market cap of $69.2 million and is part of the basic materials sector. Shares are down 6.0% year-to-date as of the close of trading on Thursday. Currently there are 2 analysts who rate Superior Drilling Products a buy, no analysts rate it a sell, and none rate it a hold.

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At the close, Dejour Energy ( DEJ) was down $0.01 (3.2%) to $0.17 on average volume. Throughout the day, 857,709 shares of Dejour Energy exchanged hands as compared to its average daily volume of 759,200 shares. The stock ranged in price between $0.16-$0.18 after having opened the day at $0.17 as compared to the previous trading day's close of $0.17.

Dejour Energy Inc. is engaged in acquiring, exploring, and developing energy projects with a focus on oil and gas exploration in Canada and the United States. Dejour Energy has a market cap of $31.9 million and is part of the basic materials sector. Shares are down 3.0% year-to-date as of the close of trading on Thursday. Currently there are 2 analysts who rate Dejour Energy a buy, no analysts rate it a sell, and none rate it a hold.

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TheStreet Ratings rates Dejour Energy as a sell. The company's weaknesses can be seen in multiple areas, such as its poor profit margins and weak operating cash flow.

Highlights from TheStreet Ratings analysis on DEJ go as follows:

  • The gross profit margin for DEJOUR ENERGY INC is currently lower than what is desirable, coming in at 33.32%. It has decreased significantly from the same period last year. Along with this, the net profit margin of -84.46% is significantly below that of the industry average.
  • Net operating cash flow has significantly decreased to -$0.51 million or 320.66% when compared to the same quarter last year. In addition, when comparing to the industry average, the firm's growth rate is much lower.
  • 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, DEJOUR ENERGY INC's return on equity significantly trails that of both the industry average and the S&P 500.
  • Regardless of the drop in revenue, the company managed to outperform against the industry average of 6.7%. Since the same quarter one year prior, revenues slightly dropped by 2.2%. The declining revenue has not hurt the company's bottom line, with increasing earnings per share.
  • DEJ's debt-to-equity ratio is very low at 0.18 and is currently below that of the industry average, implying that there has been very successful management of debt levels. Despite the fact that DEJ's debt-to-equity ratio is low, the quick ratio, which is currently 0.51, displays a potential problem in covering short-term cash needs.

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

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Enerjex Resources ( ENRJ) was another company that pushed the Energy industry lower today. Enerjex Resources was down $0.17 (11.2%) to $1.35 on average volume. Throughout the day, 7,457 shares of Enerjex Resources exchanged hands as compared to its average daily volume of 8,500 shares. The stock ranged in price between $1.33-$1.47 after having opened the day at $1.42 as compared to the previous trading day's close of $1.52.

Enerjex Resources has a market cap of $10.8 million and is part of the basic materials sector. Shares are down 24.0% year-to-date as of the close of trading on Thursday.

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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