Stocks To Avoid When Adding To Your Portfolio $AXAS $AREX $CMLP $NSH
When looking for stocks to invest in its also good to look out for ones you shouldn’t. These are a few that are not doing so well and probably should be avoided at the moment. While they are not to be bought there is always value in knowing what a company shouldn’t be doing for future reference.
This week, the ratings of nine Oil and Gas stocks on Portfolio Grader are down. Each of these rates a “D” (“sell”) or “F” overall (“strong sell”).
This week, NuSTAR GP Holdings (NYSE:NSH) falls to a D (“sell”), worse than last week’s grade of C (“hold”). Nustar operates oil pipelines, terminals, and storage facilities. In Portfolio Grader’s specific subcategories of Earnings Growth, Earnings Momentum, Earnings Revisions, and Sales Growth, NSH also gets F’s. The trailing PE Ratio for the stock is 84.20. Over the past month, NSH shares have declined 2.2%. This is worse than the S&P 500′s 0.3% drop for the same period. For more information, get Portfolio Grader’s complete analysis of NSH stock.
Crestwood Midstream Partner (NYSE:CMLP) experiences a ratings drop this week, going from last week’s C to a D. Crestwood Midstream Partners owns and operates fee-based gathering, processing, treating, and compression assets that serve natural gas producers in the Barnett Shale geologic formation in the Fort Worth Basin of north Texas. In Earnings Growth, Earnings Revisions, Earnings Surprise, and Sales Growth the stock gets F’s. The stock has a trailing PE Ratio of 33.80. To get an in-depth look at CMLP, get Portfolio Grader’s complete analysis of CMLP stock.
Approach Resources (NASDAQ:AREX) earns a D this week, moving down from last week’s grade of C. Approach Resources focuses on natural gas and oil reserves in tight sands and shale. The stock receives F’s in Earnings Revisions, Earnings Surprise, Cash Flow, and Margin Growth. As of Oct. 19, 2012, 10.1% of outstanding Approach Resources shares were held short. The stock currently has a trailing PE Ratio of 140.10. Shares of the company have fallen 8.9% since last month. For a full analysis of AREX stock, visit Portfolio Grader.
The rating of Abraxas (NASDAQ:AXAS) declines this week from a D to a F. Abraxas Petroleum is an independent energy company that engages in the acquisition, development, exploration, and production of oil and gas in the United States and Canada. The stock gets F’s in Earnings Revisions, Earnings Surprise, and Cash Flow. The stock price has fallen 7.9% over the past month. As of Oct. 19, 2012, 10.8% of outstanding Abraxas shares were held short. For a full analysis of AXAS stock, visit Portfolio Grader.
This is not an offer to buy or sell securities. Oil investment carries with it very high risks. The information contained within this site has not been nor will it be verified by Envestor First and is subject to change at any time. We are not a United States Securities Dealer or Broker or United States Investment Adviser. Do your own due diligence and consult with a licensed professional before making any investment decisions. Please read our full disclaimer before making any decisions.