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 model

Two out of the three major indices are trading lower today with the Dow Jones Industrial Average (^DJI) trading up 15 points (0.1%) at 12,980 as of Tuesday, Dec. 4, 2012, 11:49 AM ET. The NYSE advances/declines ratio sits at 1,319 issues advancing vs. 1,553 declining with 162 unchanged.

The Energy industry currently sits down 0.4% versus the S&P 500, which is down 0.1%. On the negative front, top decliners within the industry include Seadrill (SDRL), down 4.3%, Enterprise Products Partners (EPD), down 0.9%, Occidental Petroleum Corporation (OXY), down 0.7%, Imperial Oil (IMO), down 0.7% and BP (BP), down 0.6%. A company within the industry that increased today was PetroChina (PTR), up 1.0%.

TheStreet Ratings group would like to highlight 5 stocks pushing the industry lower today:

5. Canadian Natural Resources (CNQ) is one of the companies pushing the Energy industry lower today. As of noon trading, Canadian Natural Resources is down $0.43 (-1.5%) to $27.87 on heavy volume Thus far, 2.4 million shares of Canadian Natural Resources exchanged hands as compared to its average daily volume of 3.1 million shares. The stock has ranged in price between $27.85-$28.19 after having opened the day at $28.19 as compared to the previous trading day's close of $28.30.

Canadian Natural Resources Limited engages in the acquisition, exploration, development, production, marketing, and sale of crude oil, natural gas liquids (NGLs), and natural gas. Canadian Natural Resources has a market cap of $31.2 billion and is part of the basic materials sector. The company has a P/E ratio of 13.0, below the S&P 500 P/E ratio of 17.7. Shares are down 23.8% year to date as of the close of trading on Monday. Currently there are 10 analysts that rate Canadian Natural Resources a buy, no analysts rate it a sell, and 2 rate it a hold.

TheStreet Ratings rates Canadian Natural Resources as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income and a generally disappointing performance in the stock itself. Get the full Canadian Natural Resources Ratings Report now.

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