4 Oil Drilling Stocks Running Dry

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You may think that amid expensive oil that drilling stocks would be gushing profits. Well think again. Like any industry, there are good companies and bad companies and those who are not getting the juicy contracts are falling behind.

I watch more than 5,000 publicly traded companies with my Portfolio Grader tool, ranking companies by a number of fundamental and quantitative measures. And this week, I will let you know about four energy equipment stocks to sell.

Here they are, in alphabetical order. Each one of these stocks gets a “D” or “F” according to my research, meaning it is a “sell” or “strong sell.”

Baker Hughes (NYSE:BHI) works with companies in the oilfield services industry. In the last year, BHI stock has dipped 43%, compared to a gain of 3% for the Dow Jones in the same time. Baker Hughes stock gets a “D” grade for earnings momentum, an “F” grade for its ability to exceed the consensus earnings estimates on Wall Street, an “F” grade for the magnitude in which earnings projections have increased over the past months and a “D” grade for cash flow. For more information, view my complete analysis of BHI stock.

Schlumberger (NYSE:SLB) provides technology, integrated project management and information solutions to oil and gas companies. In the last 12 months, SLB stock is down 17%. Schlumberger stock gets a “D” grade for operating margin growth, a “D” grade for its ability to exceed the consensus earnings estimates on Wall Street and a “D” grade for the magnitude in which earnings projections have increased over the past months. For more information, view my complete analysis of SLB stock

Transocean (NYSE:RIG) offshore contract drilling services for oil and gas wells and has experienced a stock loss of 31% since last May. Transocean stock gets an “F” grade for operating margin growth, an “F” grade for earnings momentum, an “F” grade for its ability to exceed the consensus earnings estimates on Wall Street, an “F” grade for cash flow and an “F” grade for return on equity. For more information, view my complete analysis of RIG stock.

Weatherford International (NYSE:WFT) is involved with the drilling, evaluation, completion, production and intervention of oil and natural gas wells. WFT stock is down 34% in the last year. Weatherford stock gets an “F” grade for its ability to exceed the consensus earnings estimates on Wall Street, an “F” grade for the magnitude in which earnings projections have increased over the past months, a “D” grade for cash flow and a “D” grade for return on equity. For more information, view my complete analysis of WFT stock.

Get more analysis of these picks and other publicly-traded stocks with Louis Navellier’s Portfolio Grader tool, a 100% free stock-rating tool that measures both quantitative buying pressure and eight fundamental factors.

 


Article printed from InvestorPlace Media, https://investorplace.com/2012/05/4-oil-drilling-stocks-to-sell-bhi-slb-rig-wft/.

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