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The Energy industry as a whole closed the day down 1.6% versus the S&P 500, which was down 1.3%. Laggards within the Energy industry included FieldPoint Petroleum ( FPP), down 2.4%, SAExploration Holdings ( SAEX), down 2.1%, Escalera Resources ( ESCR), down 2.2%, Superior Drilling Products ( SDPI), down 6.5% and Pedevco ( PED), down 11.0%.

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

China Petroleum & Chemical ( SNP) is one of the companies that pushed the Energy industry lower today. China Petroleum & Chemical was down $1.55 (1.9%) to $78.71 on light volume. Throughout the day, 97,227 shares of China Petroleum & Chemical exchanged hands as compared to its average daily volume of 155,400 shares. The stock ranged in price between $78.65-$79.82 after having opened the day at $79.50 as compared to the previous trading day's close of $80.26.

China Petroleum & Chemical Corporation, an energy and chemical company, through its subsidiaries, is engaged in the oil and gas, and chemical operations in the People's Republic of China. China Petroleum & Chemical has a market cap of $95.0 billion and is part of the basic materials sector. Shares are down 0.9% year-to-date as of the close of trading on Thursday. Currently there are no analysts who rate China Petroleum & Chemical a buy, 1 analyst rates it a sell, and 1 rates it a hold.

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TheStreet Ratings rates China Petroleum & Chemical 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 and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had somewhat weak growth in earnings per share.

Highlights from TheStreet Ratings analysis on SNP go as follows:

  • The revenue growth came in higher than the industry average of 18.7%. Since the same quarter one year prior, revenues slightly increased by 5.9%. This growth in revenue does not appear to have trickled down to the company's bottom line, displayed by a decline in earnings per share.
  • Net operating cash flow has slightly increased to $8,251.64 million or 7.90% when compared to the same quarter last year. The firm also exceeded the industry average cash flow growth rate of -12.58%.
  • The current debt-to-equity ratio, 0.57, is low and is below the industry average, implying that there has been successful management of debt levels. Even though the company has a strong debt-to-equity ratio, the quick ratio of 0.23 is very weak and demonstrates a lack of ability to pay short-term obligations.
  • The change in net income from the same quarter one year ago has significantly exceeded that of the Oil, Gas & Consumable Fuels industry average, but is less than that of the S&P 500. The net income has decreased by 11.6% when compared to the same quarter one year ago, dropping from $3,611.90 million to $3,193.08 million.

You can view the full analysis from the report here: China Petroleum & Chemical 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.

At the close, Pedevco ( PED) was down $0.08 (11.0%) to $0.65 on light volume. Throughout the day, 45,773 shares of Pedevco exchanged hands as compared to its average daily volume of 90,200 shares. The stock ranged in price between $0.64-$0.75 after having opened the day at $0.71 as compared to the previous trading day's close of $0.73.

PEDEVCO Corp., doing business as Pacific Energy Development, is engaged in the acquisition, exploration, development, and production of oil and natural gas shale plays in the United States. Pedevco has a market cap of $20.9 million and is part of the basic materials sector. Shares are up 55.6% year-to-date as of the close of trading on Thursday. Currently there are 2 analysts who rate Pedevco a buy, no analysts rate it a sell, and none rate it a hold.

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TheStreet Ratings rates Pedevco as a sell. The company's weaknesses can be seen in multiple areas, such as its 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 PED go as follows:

  • 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 132.5% when compared to the same quarter one year ago, falling from -$2.07 million to -$4.80 million.
  • The debt-to-equity ratio is very high at 9.67 and currently higher than the industry average, implying increased risk associated with the management of debt levels within the company. To add to this, PED has a quick ratio of 0.54, this demonstrates the lack of ability of the company to cover short-term liquidity needs.
  • 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, PEDEVCO CORP's return on equity significantly trails that of both the industry average and the S&P 500.
  • Despite any intermediate fluctuations, we have only bad news to report on this stock's performance over the last year: it has tumbled by 68.40%, worse than the S&P 500's performance. Consistent with the plunge in the stock price, the company's earnings per share are down 54.54% 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.
  • PEDEVCO CORP 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. 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, PEDEVCO CORP continued to lose money by earning -$0.98 versus -$1.80 in the prior year. This year, the market expects an improvement in earnings (-$0.79 versus -$0.98).

You can view the full analysis from the report here: Pedevco 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.

Superior Drilling Products ( SDPI) was another company that pushed the Energy industry lower today. Superior Drilling Products was down $0.20 (6.5%) to $2.90 on light volume. Throughout the day, 14,306 shares of Superior Drilling Products exchanged hands as compared to its average daily volume of 20,900 shares. The stock ranged in price between $2.83-$3.05 after having opened the day at $3.05 as compared to the previous trading day's close of $3.10.

Superior Drilling Products has a market cap of $52.4 million and is part of the basic materials sector. Shares are down 25.5% 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.

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