3 Energy Services Stocks to Sell Now

WFT, PES, MIND slump in weekly rankings

   
3 Energy Services Stocks to Sell Now

This week, the ratings of three Energy Services stocks on Portfolio Grader are down. Each of these rates a “D” (“sell”) or “F” overall (“strong sell”).

Weatherford International‘s (NYSE:WFT) rating falls this week to an F (“strong sell”), down from last week’s D (“sell”). Weatherford International provides equipment and services used in the drilling, evaluation, completion, production, and intervention of oil and natural gas wells worldwide. For Portfolio Grader’s specific subcategory of Earnings Surprise, WFT also gets an F. For a full analysis of WFT stock, visit Portfolio Grader.

The rating of Pioneer Energy Services Corp (NYSE:PES) slips from a D to an F. The stock gets F’s in Earnings Revisions, Earnings Surprise, and Cash Flow. Share prices fell 13% over the past month, worse than the S&P 500, which has risen 1% over the same period of time. To get an in-depth look at PES, get Portfolio Grader’s complete analysis of PES stock.

This week, Mitcham Industries (NASDAQ:MIND) falls to a D (“sell”), worse than last week’s grade of C (“hold”). Mitcham is engaged in the leasing of seismic equipment to the oil and gas industry throughout the world. The stock gets F’s in Earnings Surprise and Cash Flow. Investors seem to agree with the downgrade and have pushed down the share price 11.6% over the past month. For more information, get Portfolio Grader’s complete analysis of MIND 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/2012/09/3-energy-services-stocks-to-sell-now-wft-pes-mind/.

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