3 Energy Services Stocks to Sell Now

by Portfolio Grader | December 13, 2012 9:02 am

3 Energy Services Stocks to Sell Now

This week, the overall grades of three Energy Services stocks are lower, according to the Portfolio Grader[1] database. Each of these rates a “D” (“sell”) or “F” overall (“strong sell”).

C&J Energy Services Inc. (NYSE:CJES[2]) is on the decline this week, earning a D (“sell”) after receiving a C (“hold”) last week. As of Dec. 13, 2012, 12.5% of outstanding C&J Energy Services Inc. shares were held short. To get an in-depth look at CJES, get Portfolio Grader’s complete analysis of CJES stock[3].

Mitcham Industries (NASDAQ:MIND[4]) ratings are on the decline this week as the company earns an F (“strong sell”). Last week, it received a C (“sell”). 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 Growth, Earnings Momentum, Earnings Revisions, and Sales Growth. The stock price has fallen 5.4% over the past month, worse than the 4.5% increase the Nasdaq has seen over the same period of time. For more information, get Portfolio Grader’s complete analysis of MIND stock[5].

ION Geophysical’s (NYSE:IO[6]) rating weakens this week, dropping to a D versus last week’s C. ION Geophysical provides geophysical technology, services, and solutions for the global oil and gas industry. The stock gets F’s in Earnings Revisions and Earnings Surprise. For a full analysis of IO stock, visit Portfolio Grader[7].

Louis Navellier’s proprietary Portfolio Grader[8] 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[9].

Endnotes:
  1. Portfolio Grader: http://navelliergrowth.investorplace.com/portfolio-grader/
  2. CJES: http://navelliergrowth.investorplace.com/portfolio-grader/stock-report.html?t=CJES
  3. To get an in-depth look at CJES, get Portfolio Grader’s complete analysis of CJES stock: http://navelliergrowth.investorplace.com/portfolio-grader/stock-report.html?t=CJES
  4. MIND: http://navelliergrowth.investorplace.com/portfolio-grader/stock-report.html?t=MIND
  5. For more information, get Portfolio Grader’s complete analysis of MIND stock: http://navelliergrowth.investorplace.com/portfolio-grader/stock-report.html?t=MIND
  6. IO: http://navelliergrowth.investorplace.com/portfolio-grader/stock-report.html?t=IO
  7. For a full analysis of IO stock, visit Portfolio Grader: http://navelliergrowth.investorplace.com/portfolio-grader/stock-report.html?t=IO
  8. Portfolio Grader: http://navelliergrowth.investorplace.com/portfolio-grader/
  9. here: http://navelliergrowth.investorplace.com/portfolio-grader/

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