6 Energy Services Stocks to Sell Now

by Portfolio Grader | October 10, 2013 9:45 am

This week, the ratings of six Energy Services stocks on Portfolio Grader[1] are down. Each of these rates a “D” (“sell”) or “F” overall (“strong sell”).

Unit Corporation (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 stock currently has a trailing PE Ratio of 53.40. To get an in-depth look at UNT, get Portfolio Grader’s complete analysis of UNT stock[3].

This week, Halliburton Company (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. The stock price stands at $48.56, on the rise for the past four days. The stock has a trailing PE Ratio of 34.60. For more information, get Portfolio Grader’s complete analysis of HAL stock[5].

This is a rough week for Newpark Resources, Inc. (NYSE:NR[6]). The company’s rating falls to D from the previous week’s C. Newpark Resources provides environmental services to the oil and gas exploration and production industry, primarily in the Gulf Coast market. The stock’s trailing PE Ratio is 26.90. For a full analysis of NR stock, visit Portfolio Grader[7].

ION Geophysical Corporation (NYSE:IO[8]) is having a tough week. The company’s rating falls from a C to a D. ION Geophysical provides geophysical technology, services, and solutions for the global oil and gas industry. To get an in-depth look at IO, get Portfolio Grader’s complete analysis of IO stock[9].

Nabors Industries (NYSE:NBR[10]) experiences a ratings drop this week, going from last week’s D 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 trailing PE Ratio for the stock is 39.20. For a full analysis of NBR stock, visit Portfolio Grader[11].

This week, GulfMark Offshore, Inc. Class A (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 169.60. 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/2013/10/6-energy-services-stocks-to-sell-now-unt-hal-nr-29/

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