The energy sector may be the hottest sector for 2012, but energy equipment stocks like Transocean (NYSE:RIG) have been rather dim in 2011. Explosive growth in this sector cannot come soon enough for these five depleted stocks.

I watch more than 5,000 publicly traded companies with my Portfolio Grader tool, ranking companies by a number of fundamental and quantitative measures. This week, I’ve got five energy equipment stocks to sell.

Here they are, in alphabetical order. Each one of these stocks gets a “D” or “F” according to my research, meaning it is a “sell” or “strong sell.”

McDermott (NYSE:MDR) is a well-known engineering, procurement, construction and installation company. MDR has dropped 49% this year, and it gets a “D” for operating margin growth, an “F” for earnings growth, a “D” for earnings momentum, an “F” for its ability to exceed the consensus earnings estimates on Wall Street and an “F” for the magnitude in which earnings projections have increased over the past month. For more information, view my complete analysis of MDR stock.

Rowan (NYSE:RDC) is best known for its drilling services. Compared to gains by the broader markets, RDC stock has posted a loss of 12% since Jan. 1. RDC gets a “D” for sales growth, a “D” for operating margin, a “D” for earnings momentum, an “F” for its ability to exceed the consensus earnings estimates on Wall Street, an “F” for the magnitude in which earnings projections have increased over the past month, an “F” for cash flow and an “F” for return on equity in my Portfolio Grader tool. For more information, view my complete analysis of RDC stock.

Schlumberger (NYSE:SLB) provides technology, integrated project management and information solutions to the oil and gas industry. Year-to-date, SLB stock is down 18%, compared to a gain of 5% for the Dow Jones. SLB gets a “D” for operating margin growth, a “D” for earnings growth, a “D” for earnings momentum, a “D” for its ability to exceed the consensus earnings estimates on Wall Street and a “D” for the magnitude in which earnings projections have increased over the past month in my Portfolio Grader tool. For more information, view my complete analysis of SLB stock.

Transocean provides offshore contract drilling services for oil and gas wells. RIG has dropped 43% since the start of 2011. The stock gets a “D” for sales growth, an “F” for operating margin growth, an “F” for earnings growth, a “D” for earnings momentum, an “F” for its ability to exceed the consensus earnings estimates on Wall Street, an “F” for the magnitude in which earnings projections have increased over the past month, a “D” for cash flow and an “F” for return on equity in my Portfolio Grader tool. For more information, view my complete analysis of RIG stock.

Weatherford (NYSE:WFT) works with companies engaged in the drilling, evaluation, completion, production and intervention of oil and natural gas wells. WFT stock has dipped 38% in 2011. WFT gets a “D” for its ability to exceed the consensus earnings estimates on Wall Street, a “D” for cash flow and a “D” for return on equity in my Portfolio Grader tool. For more information, view my complete analysis of WFT stock.

Get more analysis of these picks and other publicly-traded stocks with Louis Navellier’s Portfolio Grader tool, a 100% free stock rating tool that measures both quantitative buying pressure and eight fundamental factors.