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5 Energy Stocks Dragging The Industry Down

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

One out of the three major indices are trading lower today with the Dow Jones Industrial Average ( ^DJI) trading down 23 points (-0.2%) at 15,311 as of Wednesday, Sept. 25, 2013, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,760 issues advancing vs. 1,167 declining with 109 unchanged.

The Energy industry currently sits up 0.6% versus the S&P 500, which is up 0.1%. A company within the industry that fell today was Ultrapar Holdings ( UGP), up 3.1%. Top gainers within the industry include Cheniere Energy ( LNG), up 4.9%, Talisman Energy ( TLM), up 3.9%, Noble Corporation ( NE), up 2.6%, Continental Resources ( CLR), up 1.6% and Canadian Natural Resources ( CNQ), up 1.4%.

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

5. Cenovus Energy ( CVE) is one of the companies pushing the Energy industry lower today. As of noon trading, Cenovus Energy is down $0.34 (-1.1%) to $30.03 on average volume. Thus far, 517,826 shares of Cenovus Energy exchanged hands as compared to its average daily volume of 1.1 million shares. The stock has ranged in price between $30.03-$30.43 after having opened the day at $30.43 as compared to the previous trading day's close of $30.37.

Cenovus Energy Inc., an integrated oil company, together with its subsidiaries, engages in the development, production, and marketing of bitumen, crude oil, natural gas, and natural gas liquids (NGLs) in Canada with refining operations in the United States. Cenovus Energy has a market cap of $22.5 billion and is part of the basic materials sector. Shares are down 11.1% year to date as of the close of trading on Tuesday. Currently there are 10 analysts that rate Cenovus Energy a buy, no analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates Cenovus Energy as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, feeble growth in the company's earnings per share and deteriorating net income. Get the full Cenovus Energy Ratings Report now.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.
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