The Energy industry as a whole closed the day down 2.7% versus the S&P 500, which was down 1.3%. Laggards within the Energy industry included Andatee China Marine Fuel Services ( AMCF), down 13.0%, Lilis Energy ( LLEX), down 10.3%, Escalera Resources ( ESCR), down 5.0%, Pedevco ( PED), down 2.7% and Enerjex Resources ( ENRJ), down 3.6%.

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

Enerjex Resources ( ENRJ) is one of the companies that pushed the Energy industry lower today. Enerjex Resources was down $0.04 (3.6%) to $1.08 on average volume. Throughout the day, 17,409 shares of Enerjex Resources exchanged hands as compared to its average daily volume of 16,100 shares. The stock ranged in price between $0.97-$1.09 after having opened the day at $1.09 as compared to the previous trading day's close of $1.12.

EnerJex Resources, Inc., an independent energy company, acquires, develops, exploits, and produces crude oil and natural gas in the United States. Enerjex Resources has a market cap of $9.4 million and is part of the basic materials sector. Shares are down 44.0% year-to-date as of the close of trading on Wednesday.

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TheStreet Ratings rates Enerjex Resources as a sell. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, disappointing return on equity and weak operating cash flow.

Highlights from TheStreet Ratings analysis on ENRJ 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 16787.5% when compared to the same quarter one year ago, falling from $0.10 million to -$17.36 million.
  • 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, ENERJEX RESOURCES INC's return on equity significantly trails that of both the industry average and the S&P 500.
  • Net operating cash flow has significantly decreased to -$0.55 million or 725.75% when compared to the same quarter last year. In addition, when comparing to the industry average, the firm's growth rate is much lower.
  • Along with the very weak revenue results, ENRJ underperformed when compared to the industry average of 34.4%. Since the same quarter one year prior, revenues plummeted by 61.1%. Weakness in the company's revenue seems to have hurt the bottom line, decreasing earnings per share.
  • ENERJEX RESOURCES INC's earnings have gone downhill when comparing its most recently reported quarter with the same quarter a year earlier. This company has not demonstrated a clear trend in earnings over the past 2 years, making it difficult to accurately predict earnings for the coming year. During the past fiscal year, ENERJEX RESOURCES INC increased its bottom line by earning $0.45 versus $0.00 in the prior year.

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

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At the close, Pedevco ( PED) was down $0.01 (2.7%) to $0.35 on light volume. Throughout the day, 10,387 shares of Pedevco exchanged hands as compared to its average daily volume of 38,900 shares. The stock ranged in price between $0.35-$0.37 after having opened the day at $0.35 as compared to the previous trading day's close of $0.36.

PEDEVCO Corp., doing business as Pacific Energy Development, engages in the acquisition, exploration, development, and production of oil and natural gas shale plays in the United States. Pedevco has a market cap of $16.5 million and is part of the basic materials sector. Shares are down 20.0% year-to-date as of the close of trading on Wednesday. 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 generally high debt management risk, weak operating cash flow and generally disappointing historical performance in the stock itself.

Highlights from TheStreet Ratings analysis on PED go as follows:

  • The debt-to-equity ratio of 1.38 is relatively high when compared with the industry average, suggesting a need for better debt level management. Along with this, the company manages to maintain a quick ratio of 0.26, which clearly demonstrates the inability to cover short-term cash needs.
  • Net operating cash flow has significantly decreased to -$3.88 million or 79.31% when compared to the same quarter last year. In addition, when comparing to the industry average, the firm's growth rate is much lower.
  • PED'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 83.34%, 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.
  • 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, PEDEVCO CORP's return on equity significantly trails that of both the industry average and the S&P 500.
  • PEDEVCO CORP 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, PEDEVCO CORP reported poor results of -$1.08 versus -$0.98 in the prior year. This year, the market expects an improvement in earnings (-$0.24 versus -$1.08).

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

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Andatee China Marine Fuel Services ( AMCF) was another company that pushed the Energy industry lower today. Andatee China Marine Fuel Services was down $0.04 (13.0%) to $0.26 on light volume. Throughout the day, 5,524 shares of Andatee China Marine Fuel Services exchanged hands as compared to its average daily volume of 33,200 shares. The stock ranged in price between $0.26-$0.30 after having opened the day at $0.30 as compared to the previous trading day's close of $0.30.

Andatee China Marine Fuel Services Corporation, through its subsidiaries, engages in the production, storage, distribution, and trading of blended marine fuel oil for cargo and fishing vessels in the People's Republic of China. Andatee China Marine Fuel Services has a market cap of $2.8 million and is part of the basic materials sector. Shares are down 80.6% year-to-date as of the close of trading on Wednesday.

TheStreet Ratings rates Andatee China Marine Fuel Services as a sell. The company's weaknesses can be seen in multiple areas, such as its generally high debt management risk, disappointing return on equity, weak operating cash flow, generally disappointing historical performance in the stock itself and poor profit margins.

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Highlights from TheStreet Ratings analysis on AMCF go as follows:

  • The debt-to-equity ratio is very high at 2.80 and currently higher than the industry average, implying increased risk associated with the management of debt levels within the company. Along with this, the company manages to maintain a quick ratio of 0.36, which clearly demonstrates the inability to cover short-term cash needs.
  • Current return on equity is lower than its ROE from the same quarter one year prior. This is a clear sign of weakness within the company. Compared to other companies in the Oil, Gas & Consumable Fuels industry and the overall market, ANDATEE CHINA MARINE FUEL's return on equity significantly trails that of both the industry average and the S&P 500.
  • Net operating cash flow has significantly decreased to $0.74 million or 74.14% when compared to the same quarter last year. In addition, when comparing to the industry average, the firm's growth rate is much lower.
  • AMCF'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 82.56%, 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.
  • The gross profit margin for ANDATEE CHINA MARINE FUEL is currently extremely low, coming in at 5.63%. Regardless of AMCF's low profit margin, it has managed to increase from the same period last year. Despite the mixed results of the gross profit margin, the net profit margin of 0.08% trails the industry average.

You can view the full analysis from the report here: Andatee China Marine Fuel Services Ratings Report

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