3 Stocks Pushing The Energy Industry Lower

The Energy industry as a whole closed the day down 2.8% versus the S&P 500, which was down 1.7%. Laggards within the Energy industry included Houston American Energy ( HUSA), down 2.6%, Escalera Resources ( ESCR), down 26.4%, Enerjex Resources ( ENRJ), down 7.4%, FieldPoint Petroleum ( FPP), down 8.4% and Samson Oil & Gas ( SSN), down 8.8%.

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

Samson Oil & Gas ( SSN) is one of the companies that pushed the Energy industry lower today. Samson Oil & Gas was down $0.06 (8.8%) to $0.57 on heavy volume. Throughout the day, 62,244 shares of Samson Oil & Gas exchanged hands as compared to its average daily volume of 37,900 shares. The stock ranged in price between $0.56-$0.64 after having opened the day at $0.60 as compared to the previous trading day's close of $0.62.

Samson Oil & Gas Limited, an independent energy company, acquires, explores for, exploits, and develops oil and natural gas properties in the United States. The company produces crude oil, natural gas, and natural gas liquids. Samson Oil & Gas has a market cap of $9.5 million and is part of the basic materials sector. Shares are down 68.4% year-to-date as of the close of trading on Thursday.

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TheStreet Ratings rates Samson Oil & Gas as a sell. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, disappointing return on equity and poor profit margins.

Highlights from TheStreet Ratings analysis on SSN 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 410.2% when compared to the same quarter one year ago, falling from -$0.38 million to -$1.94 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, SAMSON OIL & GAS LTD's return on equity significantly trails that of both the industry average and the S&P 500.
  • The gross profit margin for SAMSON OIL & GAS LTD is currently lower than what is desirable, coming in at 30.53%. It has decreased significantly from the same period last year. Along with this, the net profit margin of -73.00% is significantly below that of the industry average.
  • This stock's share value has moved by only 82.10% over the past year. 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.
  • SAMSON OIL & GAS LTD'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, SAMSON OIL & GAS LTD turned its bottom line around by earning $0.00 versus -$1.20 in the prior year.

You can view the full analysis from the report here: Samson Oil & Gas Ratings Report

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At the close, Enerjex Resources ( ENRJ) was down $0.08 (7.4%) to $1.00 on light volume. Throughout the day, 6,846 shares of Enerjex Resources exchanged hands as compared to its average daily volume of 16,100 shares. The stock ranged in price between $1.00-$1.12 after having opened the day at $1.11 as compared to the previous trading day's close of $1.08.

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 46.0% year-to-date as of the close of trading on Thursday.

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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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Houston American Energy ( HUSA) was another company that pushed the Energy industry lower today. Houston American Energy was down $0.00 (2.6%) to $0.18 on average volume. Throughout the day, 45,412 shares of Houston American Energy exchanged hands as compared to its average daily volume of 49,200 shares. The stock ranged in price between $0.18-$0.20 after having opened the day at $0.18 as compared to the previous trading day's close of $0.19.

Houston American Energy Corp., an independent energy company, acquires, explores for, develops, and produces natural gas, crude oil, and condensate from properties located principally in the Gulf Coast area of the United States and South America. Houston American Energy has a market cap of $10.4 million and is part of the basic materials sector. Shares are up 18.4% year-to-date as of the close of trading on Thursday.

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

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Highlights from TheStreet Ratings analysis on HUSA 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 121.9% when compared to the same quarter one year ago, falling from -$0.54 million to -$1.19 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, HOUSTON AMERN ENERGY CORP's return on equity significantly trails that of both the industry average and the S&P 500.
  • HOUSTON AMERN ENERGY 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. Stable Earnings per share over the past year indicate the company has sound management over its earnings and share float. During the past fiscal year, HOUSTON AMERN ENERGY CORP reported poor results of -$0.07 versus -$0.06 in the prior year.
  • The share price of HOUSTON AMERN ENERGY CORP has not done very well: it is down 13.05% and has underperformed the S&P 500, in part reflecting the company's sharply declining earnings per share when compared to the year-earlier quarter. The fact that the stock is now selling for less than others in its industry in relation to its current earnings is not reason enough to justify a buy rating at this time.
  • Despite the weak revenue results, HUSA has significantly outperformed against the industry average of 34.4%. Since the same quarter one year prior, revenues slightly dropped by 3.8%. The declining revenue appears to have seeped down to the company's bottom line, decreasing earnings per share.

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

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