NEW YORK (TheStreet) --Shares of United Continental Holdings Inc. finished down by 5.66% to $69.37 on Friday afternoon, as airline stocks plunged due to the rise in oil prices. Crude oil (WTI) ended the day in the green by 7.05% to $47.67 per barrel and Brent crude was up by 6.66% to $52.40 per barrel this afternoon, according to the Bloomberg index. Oil rallied today due to data from Baker Hughes showing the number of rigs drilling for oil in the U.S. declined by 94, or 7% this week, the most since 1987, Reuters reports. Exclusive Report: Jim Cramer's Best Stocks for 2015 STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more. The rally has sparked speculation that the seven month price collapse has reached its end, Reuters added. "There was a lot of short-covering before the month end from people wanting to take profit from the $40-odd lows, so it's not surprising that we rallied," a Tyche Capital Advisors member told Reuters. "But this doesn't change the fundamental outlook in oil. We are still about 2 million barrels oversupplied," the member noted. Separately, TheStreet Ratings team rates UNITED CONTINENTAL HLDGS INC as a Buy with a ratings score of B-. TheStreet Ratings Team has this to say about their recommendation: "We rate UNITED CONTINENTAL HLDGS INC (UAL) a BUY. This is driven by multiple strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. Among the primary strengths of the company is its solid stock price performance. We feel these strengths outweigh the fact that the company has had sub par growth in net income." Highlights from the analysis by TheStreet Ratings Team goes as follows: Compared to its closing price of one year ago, UAL's share price has jumped by 47.09%, exceeding the performance of the broader market during that same time frame. Turning to the future, naturally, any stock can fall in a major bear market. However, in almost any other environment, the stock should continue to move higher despite the fact that it has already enjoyed nice gains in the past year. UNITED CONTINENTAL HLDGS 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. 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, UNITED CONTINENTAL HLDGS INC increased its bottom line by earning $2.79 versus $1.30 in the prior year. This year, the market expects an improvement in earnings ($9.05 versus $2.79). The revenue fell significantly faster than the industry average of 30.1%. Since the same quarter one year prior, revenues slightly dropped by 0.2%. Weakness in the company's revenue seems to have hurt the bottom line, decreasing earnings per share. The gross profit margin for UNITED CONTINENTAL HLDGS INC is currently lower than what is desirable, coming in at 25.80%. Regardless of UAL'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 0.30% trails the industry average. The change in net income from the same quarter one year ago has exceeded that of the Airlines industry average, but is less than that of the S&P 500. The net income has significantly decreased by 80.0% when compared to the same quarter one year ago, falling from $140.00 million to $28.00 million. You can view the full analysis from the report here: UAL 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.
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