Heckmann Corp (HEK): Today's Featured Financial Services Loser

Heckmann ( HEK) pushed the Financial Services industry lower today making it today's featured Financial Services loser. The industry as a whole closed the day up 1%. By the end of trading, Heckmann fell 6 cents (-1.7%) to $3.53 on light volume. Throughout the day, two million shares of Heckmann exchanged hands as compared to its average daily volume of 3.5 million shares. The stock ranged in price between $3.51-$3.65 after having opened the day at $3.62 as compared to the previous trading day's close of $3.59. Other company's within the Financial Services industry that declined today were: Penson Worldwide ( PNSN), down 12%, Dominion Resources Black Warrior ( DOM), down 11.6%, Ampal-American Israel Corporation ( AMPL), down 5.4%, and United States 12 Month Natural Gas Fund ( UNL), down 3.3%.

Heckmann Corporation operates as a services-based company focused on total water and wastewater solutions for shale or unconventional oil and gas exploration and production. Heckmann has a market cap of $534.8 million and is part of the industrial goods sector. Shares are down 46% year to date as of the close of trading on Friday. Currently there are five analysts that rate Heckmann a buy, two analysts rate it a sell, and none rate it a hold.

TheStreet Ratings rates Heckmann as a sell. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, weak operating cash flow and poor profit margins.

On the positive front, Millennium India Acquisition Corporation ( SMCG), up 17.9%, CD International ( CDII), up 6.3%, Credit Suisse ( DSLV), up 5.9%, and INTL FCStone ( INTL), up 5.2%, were all gainers within the financial services industry with Morgan Stanley ( MS) being today's featured financial services industry winner.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the financial services industry could consider Financial Select Sector SPDR ( XLF) while those bearish on the financial services industry could consider Proshares Short Financials ( SEF).
null

If you liked this article you might like

'Mad Money' Lightning Round: Don't Sell Heckmann

Cramer's 'Mad Money' Recap: Next Week's Game Plan

Cramer's 'Mad Money' Recap: Next Week's Game Plan (Correct)

Cramer Quick Take: My Top Rail Stocks

What Heckmann Reveals About the Domestic Energy Picture