5 Stocks Pushing The Energy Industry Lower
Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our modelAll three major indices are trading up today with the Dow Jones Industrial Average (^DJI) trading up 48 points (0.4%) at 12,859 as of Friday, Nov. 9, 2012, 11:50 AM ET. The NYSE advances/declines ratio sits at 1,662 issues advancing vs. 1,212 declining with 143 unchanged.The Energy industry currently sits up 0.3% versus the S&P 500, which is up 0.6%. On the negative front, top decliners within the industry include Enerplus (ERF), down 12.5%, Linn Energy (LINE), down 2.9%, Plains All American Pipeline (PAA), down 1.8%, Hess (HES), down 1.5% and Marathon Petroleum (MPC), down 1.6%. Top gainers within the industry include Talisman Energy (TLM), up 3.0%, Cenovus Energy (CVE), up 1.6%, Petroleo Brasileiro SA Petrobras (PBR), up 1.7%, Schlumberger (SLB), up 1.4% and Occidental Petroleum Corporation (OXY), up 1.2%.TheStreet Ratings group would like to highlight 5 stocks pushing the industry lower today:5. Kinder Morgan Energy Partners (KMP) is one of the companies pushing the Energy industry lower today. As of noon trading, Kinder Morgan Energy Partners is down $0.89 (-1.1%) to $80.76 on heavy volume Thus far, 427,593 shares of Kinder Morgan Energy Partners exchanged hands as compared to its average daily volume of 499,200 shares. The stock has ranged in price between $80.32-$82.33 after having opened the day at $81.30 as compared to the previous trading day's close of $81.65. Kinder Morgan Energy Partners, L.P. operates as a pipeline transportation and energy storage company in North America. Kinder Morgan Energy Partners has a market cap of $20.3 billion and is part of the basic materials sector. The company has a P/E ratio of 41.6, above the S&P 500 P/E ratio of 17.7. Shares are down 3.1% year to date as of the close of trading on Thursday. Currently there are 4 analysts that rate Kinder Morgan Energy Partners a buy, no analysts rate it a sell, and 11 rate it a hold.TheStreet Ratings rates Kinder Morgan Energy Partners as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, expanding profit margins, good cash flow from operations, increase in net income and notable return on equity. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated. Get the full Kinder Morgan Energy Partners Ratings Report now.
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