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Oil & Gas Stocks
  • Stocks To Avoid When Adding To Your Portfolio $AXAS $AREX $CMLP $NSH 0 comments
    Nov 23, 2012 7:01 PM | about stocks: 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.

    (click to enlarge)

    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.

    Read Full Article Here:

    Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

    Themes: Oil and Gas Stocks: AXAS, AREX, CMLP, NSH
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