This week, the ratings of three energy services stocks on Portfolio Grader are down. Each of these rates a “D” (“sell”) or “F” overall (“strong sell”).
North American Energy Partners (NOA) earns an F (“strong sell”) this week, moving down from last week’s grade of D (“sell”). North American Energy Partners is a resource services provider to oil and natural gas, and other natural resource companies, with a primary focus in the Canadian oil sands. NOA also rates an F in Portfolio Grader’s specific subcategory of Earnings Revisions. Trade volume dipped significantly in the past week, slipping to half of the previous rate. To get an in-depth look at NOA, get Portfolio Grader’s complete analysis of NOA stock.
Slipping from a D to an F rating, Basic Energy Services, Inc. (BAS) takes a hit this week. Basic Energy Services provides oil and gas drilling and production companies with a range of well site services. The stock gets F’s in Earnings Momentum, Earnings Revisions and Earnings Surprise. As of March 19, 2015, 10.6% of outstanding Basic Energy Services, Inc. shares were held short. 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 BAS stock.
The rating of Helix Energy Solutions Group, Inc. (HLX) declines this week from a D to an F. Helix Energy Solutions is a marine contractor and operator of offshore oil and gas properties and production facilities. The stock receives F’s in Earnings Growth, Earnings Momentum and Earnings Revisions. Earnings Surprise and Sales Growth also get F’s. To get an in-depth look at HLX, get Portfolio Grader’s complete analysis of HLX 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.