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3 Energy Services Stocks to Sell Now

PTEN, TDW, CGV slump in weekly rankings

   

For the current week, the overall ratings of three Energy Services stocks are worse, according to the Portfolio Grader database. Each of these rates a “D” (“sell”) or “F” overall (“strong sell”).

The rating of Patterson-UTI Energy (NASDAQ:PTEN) slips from a D (“sell”) to an F (“strong sell”). Patterson-UTI provides land-based drilling services to major and independent oil and natural gas companies. For Portfolio Grader’s specific subcategory of Earnings Revisions, PTEN also gets an F. For more information, get Portfolio Grader’s complete analysis of PTEN stock.

The rating of Tidewater (NYSE:TDW) declines this week from C (“hold”) to a D (“sell”). Tidewater provides offshore service vessels and marine support services to the global offshore energy industry. The stock gets F’s in Earnings Revisions and Cash Flow. The trailing PE Ratio for the stock is 28.1. For a full analysis of TDW stock, visit Portfolio Grader.

CGG Veritas (NYSE:CGV) earns a D this week, falling from last week’s grade of C. CGG Veritas manufactures geophysical equipment and provides a range of services including seismic data acquisition and related processing and interpretation software mainly to clients in the oil and gas exploration and production industry. To get an in-depth look at CGV, get Portfolio Grader’s complete analysis of CGV stock.

Louis Navellier’s proprietary Portfolio Grader stock ranking system assesses roughly 5,000 companies every week based on a number of fundamental and quantitative measures. Stocks are given a letter grade based on their results — with A being “strong buy,” and F being “strong sell.” Explore the tool here.


Article printed from InvestorPlace Media, http://investorplace.com/2012/07/3-energy-services-stocks-to-sell-now-pten-tdw-cgv/.

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