Track the companies that matter to you. It's FREE! Click one of these fan favorites to get started: Apple; Google; Ford.



Why Heckmann's Shares Dropped

Don't let it get away!

Keep track of the stocks that matter to you.

Help yourself with the Fool's FREE and easy new watchlist service today.

Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.

What: Shares of fracking wastewater solution provider Heckmann (NASDAQOTH: NESC  ) dropped 10% today on a downgrade from an analyst.

So what: Analyst David Rose from Wedbush downgraded the stock to "underperform" from "neutral" and cut his price target to $2.50. He doesn't think the company will be able to live up to current estimates for 2013 earnings and thinks the stock hasn't fallen in line with competitors.  

Now what: Fracking services have taken a hit as the number of rigs running have fallen and companies become more efficient. The company is expected to lose money for 2012 and only return to a slight profit in 2013. I wouldn't sell just based on this downgrade, but fundamentals don't look good, so I'm not buying on the dip, either.

Interested in more info on Heckmann? Add it to your watchlist by clicking here.

Read/Post Comments (0) | Recommend This Article (4)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Compare Brokers

Fool Disclosure

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2248594, ~/Articles/ArticleHandler.aspx, 5/24/2016 9:55:20 PM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...

Travis Hoium

Travis Hoium has been writing for since July 2010 and covers the solar industry, renewable energy, and gaming stocks among other things.

Today's Market

updated 39 minutes ago Sponsored by:
DOW 17,706.05 213.12 1.22%
S&P 500 2,076.06 28.02 1.37%
NASD 4,861.06 95.27 2.00%

Create My Watchlist

Go to My Watchlist

You don't seem to be following any stocks yet!

Better investing starts with a watchlist. Now you can create a personalized watchlist and get immediate access to the personalized information you need to make successful investing decisions.

Data delayed up to 5 minutes

Related Tickers

5/24/2016 3:51 PM
NESC $0.25 Down +0.00 -1.56%
Nuverra Environmen… CAPS Rating: ***