3 Stocks Dragging In The Energy Industry

TheStreet highlights 3 stocks pushing the energy industry lower today.
By TheStreet Wire ,

All three major indices are trading up today with the

Dow Jones Industrial Average

(

^DJI

) trading up 37 points (0.2%) at 17,877 as of Wednesday, July 6, 2016, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,655 issues advancing vs. 1,273 declining with 140 unchanged.

The Energy industry currently sits up 0.2% versus the S&P 500, which is up 0.3%. On the negative front, top decliners within the industry include

Tesoro

(

TSO

), down 5.1%,

National Oilwell Varco

(

NOV

), down 2.8%,

Total

(

TOT

), down 1.1%,

Statoil ASA

(

STO

), down 0.8% and

Royal Dutch Shell

(

RDS.A

), down 0.7%.

TheStreet would like to highlight 3 stocks pushing the industry lower today:

3.

Valero Energy

(

VLO

) is one of the companies pushing the Energy industry lower today. As of noon trading, Valero Energy is down $1.66 (-3.3%) to $48.18 on heavy volume. Thus far, 5.7 million shares of Valero Energy exchanged hands as compared to its average daily volume of 5.8 million shares. The stock has ranged in price between $47.38-$49.74 after having opened the day at $49.57 as compared to the previous trading day's close of $49.84.

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Valero Energy Corporation operates as an independent petroleum refining and marketing company in the United States, Canada, the Caribbean, the United Kingdom, and Ireland. It operates through two segments, Refining and Ethanol. Valero Energy has a market cap of $24.2 billion and is part of the basic materials sector. Shares are down 29.5% year-to-date as of the close of trading on Tuesday. Currently there are 10 analysts that rate Valero Energy a buy, no analysts rate it a sell, and 5 rate it a hold.

TheStreet Ratings rates

Valero Energy

as a

buy

. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, attractive valuation levels and notable return on equity. We feel its strengths outweigh the fact that the company shows weak operating cash flow. Get the full

Valero Energy Ratings Report

now.

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2. As of noon trading,

Kinder Morgan

(

KMI

) is down $0.21 (-1.2%) to $18.08 on average volume. Thus far, 8.2 million shares of Kinder Morgan exchanged hands as compared to its average daily volume of 16.0 million shares. The stock has ranged in price between $17.95-$18.26 after having opened the day at $18.16 as compared to the previous trading day's close of $18.29.

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Kinder Morgan, Inc. operates as an energy infrastructure company in North America. It operates through Natural Gas Pipelines, CO2, Terminals, Products Pipelines, Kinder Morgan Canada, and Other segments. Kinder Morgan has a market cap of $41.7 billion and is part of the basic materials sector. Shares are up 22.6% year-to-date as of the close of trading on Tuesday. Currently there are 7 analysts that rate Kinder Morgan a buy, no analysts rate it a sell, and 9 rate it a hold.

TheStreet Ratings rates

Kinder Morgan

as a

hold

. Among the primary strengths of the company is its expanding profit margins over time. At the same time, however, we also find weaknesses including a generally disappointing performance in the stock itself, generally higher debt management risk and disappointing return on equity. Get the full

Kinder Morgan Ratings Report

now.

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1. As of noon trading,

BP

(

BP

) is down $0.46 (-1.3%) to $35.44 on average volume. Thus far, 5.3 million shares of BP exchanged hands as compared to its average daily volume of 10.4 million shares. The stock has ranged in price between $34.91-$35.57 after having opened the day at $35.24 as compared to the previous trading day's close of $35.90.

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BP p.l.c. operates as an integrated oil and gas company worldwide. It operates through three segments: Upstream, Downstream, and Rosneft. BP has a market cap of $111.9 billion and is part of the basic materials sector. Shares are up 14.8% year-to-date as of the close of trading on Tuesday. Currently there are 5 analysts that rate BP a buy, 1 analyst rates it a sell, and 5 rate it a hold.

TheStreet Ratings rates

BP

as a

hold

. The company's strengths can be seen in multiple areas, such as its 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 deteriorating net income, poor profit margins and disappointing return on equity. Get the full

BP 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

Energy Select Sector SPDR

(

XLE

) while those bearish on the energy industry could consider

Proshares Short Oil & Gas

(

DDG

).

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