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4 Stocks Pulling The Energy Industry Downward

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.

Two out of the three major indices are trading lower today with the Dow Jones Industrial Average ( ^DJI) trading down 81 points (-0.5%) at 15,762 as of Thursday, Dec. 12, 2013, 11:55 AM ET. The NYSE advances/declines ratio sits at 1,157 issues advancing vs. 1,771 declining with 147 unchanged.

The Energy industry currently sits up 0.2% versus the S&P 500, which is down 0.2%. A company within the industry that fell today was BP ( BP), up 1.3%. Top gainers within the industry include Continental Resources ( CLR), up 2.6%, Pioneer Natural Resources Company ( PXD), up 1.5%, EOG Resources ( EOG), up 1.2%, Marathon Oil ( MRO), up 0.8% and ConocoPhillips ( COP), up 0.5%.

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

4. Imperial Oil ( IMO) is one of the companies pushing the Energy industry lower today. As of noon trading, Imperial Oil is down $0.72 (-1.7%) to $42.51 on average volume. Thus far, 63,716 shares of Imperial Oil exchanged hands as compared to its average daily volume of 152,700 shares. The stock has ranged in price between $42.45-$43.33 after having opened the day at $43.05 as compared to the previous trading day's close of $43.23.

Imperial Oil Limited engages in the exploration, production, and sale of crude oil and natural gas in Canada. The company operates through three segments: Upstream, Downstream, and Chemical. Imperial Oil has a market cap of $37.2 billion and is part of the basic materials sector. The company has a P/E ratio of 13.5, below the S&P 500 P/E ratio of 17.7. Shares are up 2.0% year to date as of the close of trading on Wednesday. Currently there are no analysts that rate Imperial Oil a buy, 1 analyst rates it a sell, and 2 rate it a hold.

TheStreet Ratings rates Imperial Oil as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, reasonable valuation levels, largely solid financial position with reasonable debt levels by most measures and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full Imperial Oil 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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