7 Energy Services Stocks to Sell Now

by Portfolio Grader | November 21, 2013 12:30 pm

7 Energy Services Stocks to Sell Now

The ratings of seven energy services stocks are down this week, according to the Portfolio Grader[1] database. Each of these rates a “D” (“sell”) or “F” overall (“strong sell”).

Unit Corporation (UNT[2]) earns an F (“strong sell”) this week, moving down from last week’s grade of 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. At $48.56, the stock is under the 50-day moving average of $48.79. The stock has a trailing PE Ratio of 30.90. To get an in-depth look at UNT, get Portfolio Grader’s complete analysis of UNT stock[3].

Halliburton Company’s (HAL[4]) rating falls to a D (“sell”) this week, down from C (“hold”) the week prior. 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, Inc. (NR[6]) declines this week from a C to a D. Newpark Resources provides environmental services to the oil and gas exploration and production industry, primarily in the Gulf Coast market. At $12.03, the stock is below the 50-day moving average of $12.58. For more information, get Portfolio Grader’s complete analysis of NR stock[7].

ION Geophysical Corporation’s (IO[8]) 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 price has dropped 17.7% over the past month, worse than the 1.7% decrease the S&P 500 has seen over the same period of time. To get an in-depth look at IO, get Portfolio Grader’s complete analysis of IO stock[9].

This week, Nabors Industries (NBR[10]) drops from a D to an F rating. 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 270.90. For more information, get Portfolio Grader’s complete analysis of NBR stock[11].

This is a rough week for GulfMark Offshore, Inc. Class A (GLF[12]). The company’s rating falls to F from the previous week’s D. GulfMark Offshore provides marine support services to the energy industry. The stock also gets an F in Earnings Surprise. At $49.43, the stock is under the 50-day moving average of $50.80. The stock currently has a trailing PE Ratio of 32.40. For a full analysis of GLF stock, visit Portfolio Grader[13].

The rating of Forum Energy Technologies, Inc. (FET[14]) slips from a C to a D. Forum Energy Technologies is a global oilfield products company, serving the subsea, drilling, completion, production and process sectors of the oil and natural gas industry. At $27.78, the stock is below the 50-day moving average of $28.68. Shares of the stock have been changing hands at an unusually rapid pace, twice the rate of the week prior. For more information, get Portfolio Grader’s complete analysis of FET stock[15].

Louis Navellier’s proprietary Portfolio Grader[16] 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[17].

Endnotes:
  1. Portfolio Grader: http://navelliergrowth.investorplace.com/portfolio-grader/
  2. UNT: http://navelliergrowth.investorplace.com/portfolio-grader/stock-report.html?t=UNT
  3. To get an in-depth look at UNT, get Portfolio Grader’s complete analysis of UNT stock: http://navelliergrowth.investorplace.com/portfolio-grader/stock-report.html?t=UNT
  4. HAL: http://navelliergrowth.investorplace.com/portfolio-grader/stock-report.html?t=HAL
  5. For a full analysis of HAL stock, visit Portfolio Grader: http://navelliergrowth.investorplace.com/portfolio-grader/stock-report.html?t=HAL
  6. NR: http://navelliergrowth.investorplace.com/portfolio-grader/stock-report.html?t=NR
  7. For more information, get Portfolio Grader’s complete analysis of NR stock: http://navelliergrowth.investorplace.com/portfolio-grader/stock-report.html?t=NR
  8. IO: http://navelliergrowth.investorplace.com/portfolio-grader/stock-report.html?t=IO
  9. To get an in-depth look at IO, get Portfolio Grader’s complete analysis of IO stock: http://navelliergrowth.investorplace.com/portfolio-grader/stock-report.html?t=IO
  10. NBR: http://navelliergrowth.investorplace.com/portfolio-grader/stock-report.html?t=NBR
  11. For more information, get Portfolio Grader’s complete analysis of NBR stock: http://navelliergrowth.investorplace.com/portfolio-grader/stock-report.html?t=NBR
  12. GLF: http://navelliergrowth.investorplace.com/portfolio-grader/stock-report.html?t=GLF
  13. For a full analysis of GLF stock, visit Portfolio Grader: http://navelliergrowth.investorplace.com/portfolio-grader/stock-report.html?t=GLF
  14. FET: http://navelliergrowth.investorplace.com/portfolio-grader/stock-report.html?t=FET
  15. For more information, get Portfolio Grader’s complete analysis of FET stock: http://navelliergrowth.investorplace.com/portfolio-grader/stock-report.html?t=FET
  16. Portfolio Grader: http://navelliergrowth.investorplace.com/portfolio-grader/
  17. here: http://navelliergrowth.investorplace.com/portfolio-grader/

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