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. In Portfolio Grader’s specific subcategory of Earnings Revisions, NOA also gets an F. Shares of the stock have been changing hands at an unusually rapid pace, three times the rate of the week prior. To get an in-depth look at NOA, get Portfolio Grader’s complete analysis of NOA stock.
This week, Basic Energy Services, Inc.’s (BAS) rating worsens to an F from the company’s D rating a week ago. 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 Aug. 27, 2015, 27.7% of outstanding Basic Energy Services, Inc. shares were held short. Shares of the stock have been trading at an exceptionally rapid pace, up twofold from the week prior. For more information, get Portfolio Grader’s complete analysis of BAS stock.
This is a rough week for Helix Energy Solutions Group, Inc. (HLX). The company’s rating falls to F from the previous week’s D. Helix Energy Solutions is a marine contractor and operator of offshore oil and gas properties and production facilities. The stock gets F’s in Earnings Growth, Earnings Momentum and Earnings Revisions. Earnings Surprise and Sales Growth also get F’s. Shares of the stock have been trading at an exceptionally rapid pace, up threefold from the week prior. 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.