For the current week, the overall ratings of six energy services stocks are worse, according to the Portfolio Graderdatabase. Each of these rates a “D” (“sell”) or “F” overall (“strong sell”).
Unit Corporation’s (UNT) rating falls this week to an F (“strong sell”), down from last week’s 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’s trailing PE Ratio is 32.50. To get an in-depth look at UNT, get Portfolio Grader’s complete analysis of UNT stock.
Halliburton Company’s (HAL) 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. The stock price has fallen 8.4% over the past month, worse than the 1.7% decrease the S&P 500 has seen over the same period of time. For a full analysis of HAL stock, visit Portfolio Grader.
Newpark Resources, Inc. (NR) gets weaker ratings this week as last week’s C drops to a D. Newpark Resources provides environmental services to the oil and gas exploration and production industry, primarily in the Gulf Coast market. For more information, get Portfolio Grader’s complete analysis of NR stock.
ION Geophysical Corporation (IO) 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. At $3.10, the stock is below the 50-day moving average of $4.28. To get an in-depth look at IO, get Portfolio Grader’s complete analysis of IO stock.
Slipping from a D to an F rating, Nabors Industries (NBR) takes a hit this week. Nabors Industries conducts oil, gas, and geothermal land drilling operations worldwide. The stock gets F’s in Earnings Revisions and Cash Flow. At $15.45, the stock is under the 50-day moving average of $17.11. The trailing PE Ratio for the stock is 265.70. For a full analysis of NBR stock, visit Portfolio Grader.
GulfMark Offshore, Inc. Class A’s (GLF) rating weakens this week, dropping to an F versus last week’s D. GulfMark Offshore provides marine support services to the energy industry. The stock also gets an F in Earnings Surprise. At $47.16, the stock is below the 50-day moving average of $50.38. The stock currently has a trailing PE Ratio of 32.20. For more information, get Portfolio Grader’s complete analysis of GLF 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.