This week, the overall grades of seven Oil and Gas stocks are lower, according to the Portfolio Grader database. Each of these rates a “D” (“sell”) or “F” overall (“strong sell”).
Cenovus Energy (NYSE:CVE) is on the decline this week, earning a D (“sell”) after receiving a C (“hold”) last week. Cenovus Energy operates in oil projects and in the production of natural gas and crude oil. In Portfolio Grader’s specific subcategories of Earnings Momentum and Earnings Surprise, CVE also gets F’s. For a full analysis of CVE stock, visit Portfolio Grader.
Chesapeake Energy (NYSE:CHK) earns an F (“strong sell”) this week, moving down from last week’s grade of D (“sell”). Chesapeake Energy explores, develops and acquires properties for the production of natural gas and crude oil from underground reservoirs. The stock gets F’s in Earnings Revisions, Earnings Surprise, and Cash Flow. As of July 27, 12.6% of outstanding Chesapeake Energy shares were held short. To get an in-depth look at CHK, get Portfolio Grader’s complete analysis of CHK stock.
Cloud Peak Energy (NYSE:CLD) earns a D this week, falling from last week’s grade of C. Cloud Peak Energy engages in the coal mining operations in the Powder River Basin and the United States. The stock also rates an F in Earnings Momentum. For more information, get Portfolio Grader’s complete analysis of CLD stock.
This week, PDC Energy‘s (NASDAQ:PETD) rating worsens to a D from the company’s C rating a week ago. PDC is an oil and gas company with drilling and production operations in the Rocky Mountains, the Appalachian Basin, and Michigan. The stock gets F’s in Earnings Revisions and Cash Flow. As of July 13, 17% of outstanding PDC Energy shares were held short. For a full analysis of PETD stock, visit Portfolio Grader.
This is a rough week for BPZ Resources (NYSE:BPZ). The company’s rating falls to F from the previous week’s D. BPZ Resources is an independent oil and gas company focused on the exploration, development and production of oil and natural gas in Peru and Ecuador. The stock receives F’s in Earnings Momentum, Earnings Revisions, and Equity. Cash Flow and Sales Growth also get F’s. The stock price has fallen 11% over the past month, worse than the S&P 500, which has increased 2% over the same period. As of July 27, 22.2% of outstanding BPZ Resources shares were held short. For more information, get Portfolio Grader’s complete analysis of BPZ stock.
Teekay Tankers (NYSE:TNK) experiences a ratings drop this week, going from last week’s D to an F. Teekay Tankers owns oil tankers and transports crude oil. The stock gets F’s in Earnings Surprise and Margin Growth. Share prices fell 11% over the past month. To get an in-depth look at TNK, get Portfolio Grader’s complete analysis of TNK stock.
Nexen Inc. (NYSE:NXY) is having a tough week. The company’s rating falls from a D to an F rating. Nexen is an independent global energy company that is based in Canada. The stock gets F’s in Earnings Growth, Earnings Momentum, and Earnings Revisions. Earnings Surprise and Cash Flow also get F’s. The stock has a trailing PE Ratio of 28. For more information, get Portfolio Grader’s complete analysis of NXY 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.