NEW YORK (TheStreet) -- Cameron International (CAM) stock has plummeted more than 42% over the past six months. As with other energy companies, Cameron, which works with drilling contractors, is suffering from weak oil prices.

The Houston company is due to report fourth-quarter and full-year results Thursday. Investors should brace for the worst and sell the shares now and wait for clearer signs that oil prices will stabilize.

Unlike rivals Transocean (RIG) - Get Transocean Ltd. Report (down 60% in six months) and Diamond Offshore (DO) - Get Diamond Offshore Drilling, Inc. Report (down 31% in six months), Cameron doesn't pay a dividend. So why risk further losses when signs suggests things will get worst before they get better?

Cameron provides pressure control and other oil servicing equipment to gas producers and pipeline operators. Thanks to the glut of oil and OPEC's decision not to cut production, the energy industry is in turmoil. A Jan. 9 Barclays note predicts a drop of 30% or more in exploration and production spending in North America if crude oil prices stay between $50 and $60 per barrel. Prices are now around $46.

So now is not the time to bet on oil companies. Cameron will have to issue strong forward guidance to keep its stock from falling further when it reports results.

For the period ending in December, analysts expect Cameron to post a profit of $1.20 a share, up 20% year over year, on revenue of $2.83 billion, down 3.6% year over year. For the full year, Cameron is expected to earn $4.10 per share, topping last year's mark of $3.29. Full-year revenue is expected to come in at $10.56 billion, up 7% year over year.

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Cameron posted earnings increases for eight consecutive quarters. Barclays, which rates Cameron stock at underweight, expects U.S. onshore rig count to fall by at least 500 rigs in 2015. This means more rigs will remain idle -- and won't be in need of Cameron's services.

Shares are Cameron are cheap, trading at just 12 times trailing earnings. But placing a bet right here would require a bright future. That future is bleak at this point. 

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TheStreet Ratings team rates CAMERON INTERNATIONAL CORP as a Hold with a ratings score of C. TheStreet Ratings Team has this to say about their recommendation:

"We rate CAMERON INTERNATIONAL CORP (CAM) a HOLD. The primary factors that have impacted our rating are mixed ? some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its robust revenue growth, increase in net income and reasonable valuation levels. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself and poor profit margins."

You can view the full analysis from the report here: CAM Ratings Report

This article is commentary by an independent contributor. At the time of publication, the author held no position in the stocks mentioned.