3 Energy Stocks Dragging The Industry Down
All three major indices are trading down today with the
Dow Jones Industrial Average
(
^DJI
) trading down 29 points (-0.2%) at 17,702 as of Tuesday, Nov. 10, 2015, 11:55 AM ET. The NYSE advances/declines ratio sits at 1,315 issues advancing vs. 1,646 declining with 122 unchanged.
The Energy industry currently sits down 0.7% versus the S&P 500, which is down 0.3%. On the negative front, top decliners within the industry include
(
), down 32.0%,
(
), down 6.0%,
(
), down 1.5%,
(
), down 1.2% and
(
), down 1.0%. A company within the industry that increased today was
(
), up 1.4%.
TheStreet would like to highlight 3 stocks pushing the industry lower today:
3.
Petroleo Brasileiro SA Petrobras
(
) is one of the companies pushing the Energy industry lower today. As of noon trading, Petroleo Brasileiro SA Petrobras is down $0.09 (-1.9%) to $4.80 on average volume. Thus far, 13.9 million shares of Petroleo Brasileiro SA Petrobras exchanged hands as compared to its average daily volume of 34.6 million shares. The stock has ranged in price between $4.75-$4.88 after having opened the day at $4.87 as compared to the previous trading day's close of $4.89.
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Petroleo Brasileiro S.A. - Petrobras operates as an integrated energy company in Brazil and internationally. Petroleo Brasileiro SA Petrobras has a market cap of $33.0 billion and is part of the basic materials sector. Shares are down 33.0% year-to-date as of the close of trading on Monday. Currently there are no analysts that rate Petroleo Brasileiro SA Petrobras a buy, 2 analysts rate it a sell, and 6 rate it a hold.
TheStreet Ratings rates
Petroleo Brasileiro SA Petrobras
as a
. The company's weaknesses can be seen in multiple areas, such as its disappointing return on equity, generally disappointing historical performance in the stock itself, deteriorating net income, generally high debt management risk and feeble growth in its earnings per share. Get the full
Petroleo Brasileiro SA Petrobras Ratings Report
now.
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2. As of noon trading,
(
) is down $0.94 (-1.8%) to $50.72 on light volume. Thus far, 915,826 shares of Baker Hughes exchanged hands as compared to its average daily volume of 3.5 million shares. The stock has ranged in price between $50.64-$51.48 after having opened the day at $51.32 as compared to the previous trading day's close of $51.66.
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Baker Hughes Incorporated supplies oilfield services, products, technology, and systems to the oil and natural gas industry worldwide. Baker Hughes has a market cap of $22.7 billion and is part of the basic materials sector. Shares are down 7.9% year-to-date as of the close of trading on Monday. Currently there are 14 analysts that rate Baker Hughes a buy, 1 analyst rates it a sell, and 6 rate it a hold.
TheStreet Ratings rates
Baker Hughes
as a
. Among the primary strengths of the company is its solid financial position based on a variety of debt and liquidity measures that we have evaluated. At the same time, however, we also find weaknesses including deteriorating net income, disappointing return on equity and poor profit margins. Get the full
now.
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1. As of noon trading,
(
) is down $2.30 (-2.1%) to $109.23 on light volume. Thus far, 524,384 shares of Concho Resources exchanged hands as compared to its average daily volume of 1.8 million shares. The stock has ranged in price between $108.61-$111.17 after having opened the day at $111.04 as compared to the previous trading day's close of $111.53.
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Concho Resources Inc., an independent oil and natural gas company, acquires, develops, and explores for oil and natural gas properties in the Unites States. The company's principal operating areas are located in the Permian Basin of southeast New Mexico and West Texas. Concho Resources has a market cap of $14.4 billion and is part of the basic materials sector. Shares are up 11.8% year-to-date as of the close of trading on Monday. Currently there are 14 analysts that rate Concho Resources a buy, no analysts rate it a sell, and 4 rate it a hold.
TheStreet Ratings rates
Concho Resources
as a
. The company's strengths can be seen in multiple areas, such as its expanding profit margins and solid stock price performance. However, as a counter to these strengths, we also find weaknesses including disappointing return on equity, weak operating cash flow and generally higher debt management risk. Get the full
Concho Resources Ratings Report
now.
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If you are interested in one of these 3 stocks, ETFs may be of interest. Investors who are bullish on the energy industry could consider
(
) while those bearish on the energy industry could consider
(
).