6 Energy Services Stocks to Sell Now

by Portfolio Grader | March 28, 2013 10:00 am

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

Unit Corp. (NYSE:UNT[2]) ratings are on the decline this week as the company earns an F (“strong sell”). Last week, it received a D (“sell”). Unit is a contract drilling company that engages in land drilling of natural gas and oil wells. In Portfolio Grader’s specific subcategories of Earnings Momentum and Cash Flow, UNT also gets F’s. The trailing PE Ratio for the stock is 94.10. For more information, get Portfolio Grader’s complete analysis of UNT stock[3].

This week, Halliburton (NYSE:HAL[4]) falls to a D (“sell”), worse than last week’s grade of C (“hold”). Halliburton provides energy services and engineering and construction services, as well as manufactures products for the energy industry. For a full analysis of HAL stock, visit Portfolio Grader[5].

The rating of Newpark Resources (NYSE:NR[6]) slips from C to a D. Newpark Resources provides environmental services to the oil and gas exploration and production industry, primarily in the Gulf Coast market. To get an in-depth look at NR, get Portfolio Grader’s complete analysis of NR stock[7].

ION Geophysical (NYSE:IO[8]) is having a tough week. The company’s rating falls from C to a D. ION Geophysical provides geophysical technology, services, and solutions for the global oil and gas industry. For a full analysis of IO stock, visit Portfolio Grader[9].

Nabors Industries (NYSE:NBR[10]) gets weaker ratings this week as last week’s D drops to an F. Nabors Industries conducts oil, gas, and geothermal land drilling operations worldwide. The stock gets F’s in Earnings Revisions and Cash Flow. The stock price has fallen 5.8% over the past month, worse than the 3.1% increase the S&P 500 has seen over the same period of time. The stock currently has a trailing PE Ratio of 28.00. To get an in-depth look at NBR, get Portfolio Grader’s complete analysis of NBR stock[11].

This week, Gulfmark Offshore (NYSE:GLF[12]) drops from a D to an F rating. GulfMark Offshore provides marine support services to the energy industry. The stock also rates an F in Earnings Surprise. The stock’s trailing PE Ratio is 54.10. For more information, get Portfolio Grader’s complete analysis of GLF stock[13].

Louis Navellier’s proprietary Portfolio Grader[14] 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[15].

Source URL: https://investorplace.com/2013/03/6-energy-services-stocks-to-sell-now-unt-hal-nr-4/

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