14 Oil and Gas Stocks to Sell Now

by Portfolio Grader | September 14, 2012 2:30 pm

For the current week, the overall ratings of 14 Oil and Gas stocks are worse, according to the Portfolio Grader[1] database. Each of these rates a “D” (“sell”) or “F” overall (“strong sell”).

Legacy Reserves (NASDAQ:LGCY[2]) is on the decline this week, earning a D (“sell”) after receiving a C (“hold”) last week. Legacy Reserves acquires and explores for oil and natural gas properties in the United States. In Portfolio Grader’s specific subcategories of Earnings Momentum and Earnings Surprise, LGCY also gets F’s. For more information, get Portfolio Grader’s complete analysis of LGCY stock[3].

EQT Corp. (NYSE:EQT[4]) earns an F (“strong sell”) this week, moving down from last week’s grade of D (“sell”). EQT offers energy products, primarily natural gas and NGLs, and services to wholesale and retail customers in the United States. In Earnings Growth, Earnings Momentum, Cash Flow, and Sales Growth the stock gets F’s. To get an in-depth look at EQT, get Portfolio Grader’s complete analysis of EQT stock[5].

BP (NYSE:BP[6]) gets weaker ratings this week as last week’s C drops to a D. BP is involved in the supply, trading, refining, manufacturing, marketing and transportation of crude oil, petroleum, and chemical products to wholesale and retail customers. The stock receives F’s in Earnings Growth, Earnings Momentum, Earnings Surprise, and Sales Growth. For a full analysis of BP stock, visit Portfolio Grader[7].

Overseas Shipholding Group‘s (NYSE:OSG[8]) rating weakens this week, dropping to an F versus last week’s D. Overseas Shipholding Group maintains a fleet of marine transport vessels. The stock gets F’s in Equity and Cash Flow. As of Sept. 14, 24.8% of outstanding Overseas Shipholding Group shares were held short. To get an in-depth look at OSG, get Portfolio Grader’s complete analysis of OSG stock[9].

The rating of Gevo (NASDAQ:GEVO[10]) slips from a D to an F. Gevo operates as a technology development company for biobutanol. The stock gets F’s in Equity, Cash Flow, and Sales Growth. Wall Street appears to agree with the stock downgrade, with share prices dropping 8.5% over the past month. This is worse than the Nasdaq’s 4.4% increase for the same period. As of Sept. 14, 11% of outstanding Gevo shares were held short. For more information, get Portfolio Grader’s complete analysis of GEVO stock[11].

Martin Midstream Partners (NASDAQ:MMLP[12]) earns a D this week, falling from last week’s grade of C. Martin Midstream Partners provides marine transportation, terminalling, distribution and logistical services for producers and suppliers of hydrocarbon products, specialty chemicals and other liquids. The stock gets F’s in Earnings Revisions, Earnings Surprise, and Cash Flow. The stock’s trailing PE Ratio is 38.1. To get an in-depth look at MMLP, get Portfolio Grader’s complete analysis of MMLP stock[13].

PDC Energy (NASDAQ:PETD[14]) experiences a ratings drop this week, going from last week’s C to a D. 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 Sept. 14, 17.1% of outstanding PDC Energy shares were held short. For more information, get Portfolio Grader’s complete analysis of PETD stock[15].

This week, Natural Resource Partners (NYSE:NRP[16]) drops from a D to an F rating. Natural Resource Partners owns and manages coal properties in Appalachia, the Illinois Basin, and the Western United States. The stock gets F’s in Cash Flow and Margin Growth. The stock currently has a trailing PE Ratio of 41.8. For a full analysis of NRP stock, visit Portfolio Grader[17].

This week, Crosstex Energy‘s (NASDAQ:XTEX[18]) rating worsens to an F from the company’s C rating a week ago. Crosstex Energy operates as an independent midstream energy company. The stock gets F’s in Earnings Revisions, Equity, Cash Flow, and Sales Growth. Share prices fell 0.3% over the past month. To get an in-depth look at XTEX, get Portfolio Grader’s complete analysis of XTEX stock[19].

The rating of Abraxas (NASDAQ:AXAS[20]) slips from a D to an F. Abraxas Petroleum is an independent energy company that engages in the acquisition, development, exploration, and production of oil and gas in the United States and Canada. The stock gets F’s in Earnings Revisions, Earnings Surprise, and Cash Flow. As of Sept. 14, 11% of outstanding Abraxas shares were held short. For more information, get Portfolio Grader’s complete analysis of AXAS stock[21].

EV Energy (NASDAQ:EVEP[22]) earns an F this week, falling from last week’s grade of D. EV Energy acquires, develops and produces oil and natural gas properties in the United States. The stock receives F’s in Earnings Growth, Earnings Momentum, and Earnings Surprise. Cash Flow and Sales Growth also get F’s. For a full analysis of EVEP stock, visit Portfolio Grader[23].

Crestwood Midstream Partner (NYSE:CMLP[24]) experiences a ratings drop this week, going from last week’s C to a D. Crestwood Midstream Partners owns and operates fee-based gathering, processing, treating, and compression assets that serve natural gas producers in the Barnett Shale geologic formation in the Fort Worth Basin of north Texas. In Earnings Growth, Earnings Revisions, Earnings Surprise, and Sales Growth the stock gets F’s. The trailing PE Ratio for the stock is 31.9. The price of CMLP fell 3.4% from a month ago. For more information, get Portfolio Grader’s complete analysis of CMLP stock[25].

The rating of Crosstex Energy (NASDAQ:XTXI[26]) declines this week from a C to a D. Crosstex Energy engages in the gathering, transmission, processing, and marketing of natural gas, natural gas liquids (NGLs), and crude oil in the United States. The stock gets F’s in Earnings Revisions, Equity, and Sales Growth. For a full analysis of XTXI stock, visit Portfolio Grader[27].

This week, Nordic American Tankers‘s (NYSE:NAT[28]) rating worsens to an F from the company’s D rating a week ago. Nordic American Tankers is a shipping company that owns and charters Suezmax tankers for oil transportation. The stock gets F’s in Equity and Cash Flow. The stock price has fallen 13.3% over the past month. As of Sept. 14, 11.5% of outstanding Nordic American Tankers shares were held short. To get an in-depth look at NAT, get Portfolio Grader’s complete analysis of NAT stock[29].

Louis Navellier’s proprietary Portfolio Grader[30] 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[31].

Endnotes:
  1. Portfolio Grader: http://navelliergrowth.investorplace.com/portfolio-grader/
  2. LGCY: http://navelliergrowth.investorplace.com/portfolio-grader/stock-report.html?t=LGCY
  3. For more information, get Portfolio Grader’s complete analysis of LGCY stock: http://navelliergrowth.investorplace.com/portfolio-grader/stock-report.html?t=LGCY
  4. EQT: http://navelliergrowth.investorplace.com/portfolio-grader/stock-report.html?t=EQT
  5. To get an in-depth look at EQT, get Portfolio Grader’s complete analysis of EQT stock: http://navelliergrowth.investorplace.com/portfolio-grader/stock-report.html?t=EQT
  6. BP: http://navelliergrowth.investorplace.com/portfolio-grader/stock-report.html?t=BP
  7. For a full analysis of BP stock, visit Portfolio Grader: http://navelliergrowth.investorplace.com/portfolio-grader/stock-report.html?t=BP
  8. OSG: http://navelliergrowth.investorplace.com/portfolio-grader/stock-report.html?t=OSG
  9. To get an in-depth look at OSG, get Portfolio Grader’s complete analysis of OSG stock: http://navelliergrowth.investorplace.com/portfolio-grader/stock-report.html?t=OSG
  10. GEVO: http://navelliergrowth.investorplace.com/portfolio-grader/stock-report.html?t=GEVO
  11. For more information, get Portfolio Grader’s complete analysis of GEVO stock: http://navelliergrowth.investorplace.com/portfolio-grader/stock-report.html?t=GEVO
  12. MMLP: http://navelliergrowth.investorplace.com/portfolio-grader/stock-report.html?t=MMLP
  13. To get an in-depth look at MMLP, get Portfolio Grader’s complete analysis of MMLP stock: http://navelliergrowth.investorplace.com/portfolio-grader/stock-report.html?t=MMLP
  14. PETD: http://navelliergrowth.investorplace.com/portfolio-grader/stock-report.html?t=PETD
  15. For more information, get Portfolio Grader’s complete analysis of PETD stock: http://navelliergrowth.investorplace.com/portfolio-grader/stock-report.html?t=PETD
  16. NRP: http://navelliergrowth.investorplace.com/portfolio-grader/stock-report.html?t=NRP
  17. For a full analysis of NRP stock, visit Portfolio Grader: http://navelliergrowth.investorplace.com/portfolio-grader/stock-report.html?t=NRP
  18. XTEX: http://navelliergrowth.investorplace.com/portfolio-grader/stock-report.html?t=XTEX
  19. To get an in-depth look at XTEX, get Portfolio Grader’s complete analysis of XTEX stock: http://navelliergrowth.investorplace.com/portfolio-grader/stock-report.html?t=XTEX
  20. AXAS: http://navelliergrowth.investorplace.com/portfolio-grader/stock-report.html?t=AXAS
  21. For more information, get Portfolio Grader’s complete analysis of AXAS stock: http://navelliergrowth.investorplace.com/portfolio-grader/stock-report.html?t=AXAS
  22. EVEP: http://navelliergrowth.investorplace.com/portfolio-grader/stock-report.html?t=EVEP
  23. For a full analysis of EVEP stock, visit Portfolio Grader: http://navelliergrowth.investorplace.com/portfolio-grader/stock-report.html?t=EVEP
  24. CMLP: http://navelliergrowth.investorplace.com/portfolio-grader/stock-report.html?t=CMLP
  25. For more information, get Portfolio Grader’s complete analysis of CMLP stock: http://navelliergrowth.investorplace.com/portfolio-grader/stock-report.html?t=CMLP
  26. XTXI: http://navelliergrowth.investorplace.com/portfolio-grader/stock-report.html?t=XTXI
  27. For a full analysis of XTXI stock, visit Portfolio Grader: http://navelliergrowth.investorplace.com/portfolio-grader/stock-report.html?t=XTXI
  28. NAT: http://navelliergrowth.investorplace.com/portfolio-grader/stock-report.html?t=NAT
  29. To get an in-depth look at NAT, get Portfolio Grader’s complete analysis of NAT stock: http://navelliergrowth.investorplace.com/portfolio-grader/stock-report.html?t=NAT
  30. Portfolio Grader: http://navelliergrowth.investorplace.com/portfolio-grader/
  31. here: http://navelliergrowth.investorplace.com/portfolio-grader/

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