One such stock that you may want to consider dropping is Frank's International N.V. (FI Quick QuoteFI - Free Report) , which has witnessed a significant price decline in the past four weeks, and it has seen negative earnings estimate revisions for the current quarter and the current year. A Zacks Rank #5 (Strong Sell) further confirms weakness in FI.

A key reason for this move has been the negative trend in earnings estimate revisions. For the full year, we have seen 6 estimates moving down in the past 30 days, compared with no upward revision. This trend has caused the consensus estimate to trend lower, going from a loss of 5 cents a share a month ago to its current level of a loss of 34 cents a share.

Also, for the current quarter, Frank's Internationalhas seen 4 downward estimate revisions versus no revisions in the opposite direction, dragging the consensus estimate down to a loss of 13 cents a share from a loss of 2 cents over the past 30 days.  

The stock also has seen some pretty dismal trading lately, as the share price has dropped 18.8% in the past month.

So it may not be a good decision to keep this stock in your portfolio anymore, at least if you don’t have a long time horizon to wait.

If you are still interested in the Oil-Production/Pipeline industry, you may instead consider a better-ranked stock - Enbridge Inc. (ENB Quick QuoteENB - Free Report) . The stock currently holds a Zacks Rank #1 (Strong Buy) and may be a better selection at this time.

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