4 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

All three major indices are trading down today with the Dow Jones Industrial Average (^DJI) trading down 23 points (-0.2%) at 13,146 as of Friday, Dec. 14, 2012, 11:50 AM ET. The NYSE advances/declines ratio sits at 1,344 issues advancing vs. 1,517 declining with 152 unchanged.

The Energy industry currently sits up 0.1% versus the S&P 500, which is down 0.3%. A company within the industry that increased today was Petroleo Brasileiro SA Petrobras (PBR), up 2.9%.

TheStreet Ratings group would like to highlight 4 stocks pushing the industry lower today:

4. Encana (ECA) is one of the companies pushing the Energy industry lower today. As of noon trading, Encana is down $0.85 (-4.0%) to $20.23 on average volume Thus far, 3.1 million shares of Encana exchanged hands as compared to its average daily volume of 4.6 million shares. The stock has ranged in price between $20.20-$21.39 after having opened the day at $21.31 as compared to the previous trading day's close of $21.08.

Encana Corporation and its subsidiaries engage in the exploration for, development, production, and marketing of natural gas, oil, and natural gas liquids. Encana has a market cap of $15.3 billion and is part of the basic materials sector. Shares are up 13.8% year to date as of the close of trading on Thursday. Currently there are 2 analysts that rate Encana a buy, 3 analysts rate it a sell, and 12 rate it a hold.

TheStreet Ratings rates Encana as a sell. The company's weaknesses can be seen in multiple areas, such as its feeble growth in its earnings per share, deteriorating net income, disappointing return on equity, weak operating cash flow and generally high debt management risk. Get the full Encana Ratings Report now.

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