3 Stocks Pushing The Energy Industry Downward

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

All three major indices are trading down today with the

Dow Jones Industrial Average

(

^DJI

) trading down 44 points (-0.2%) at 17,874 as of Wednesday, Nov. 4, 2015, 11:55 AM ET. The NYSE advances/declines ratio sits at 1,080 issues advancing vs. 1,836 declining with 168 unchanged.

The Energy industry currently sits down 1.1% versus the S&P 500, which is down 0.4%. On the negative front, top decliners within the industry include

Plains GP Holdings

(

PAGP

), down 19.3%,

Plains All American Pipeline

(

PAA

), down 9.5%,

Petroleo Brasileiro SA Petrobras

(

PBR.A

), down 5.6%,

Baker Hughes

(

BHI

), down 4.7% and

Noble Energy

(

NBL

), down 3.1%. Top gainers within the industry include

Cheniere Energy

(

LNG

), up 2.6%,

Valero Energy

(

VLO

), up 2.3%,

Phillips 66

(

PSX

), up 1.2% and

PetroChina

(

PTR

), up 0.5%.

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

3.

Halliburton

(

HAL

) is one of the companies pushing the Energy industry lower today. As of noon trading, Halliburton is down $0.94 (-2.4%) to $39.11 on light volume. Thus far, 4.8 million shares of Halliburton exchanged hands as compared to its average daily volume of 13.0 million shares. The stock has ranged in price between $38.86-$40.14 after having opened the day at $40.00 as compared to the previous trading day's close of $40.05.

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Halliburton Company provides a range of services and products to the upstream oil and natural gas industry worldwide. The company operates through two segments, Completion and Production, and Drilling and Evaluation. Halliburton has a market cap of $33.6 billion and is part of the basic materials sector. Shares are up 1.8% year-to-date as of the close of trading on Tuesday. Currently there are 16 analysts that rate Halliburton a buy, 1 analyst rates it a sell, and 7 rate it a hold.

TheStreet Ratings rates

Halliburton

as a

hold

. 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

Halliburton Ratings Report

now.

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2. As of noon trading,

ConocoPhillips

(

COP

) is down $0.45 (-0.8%) to $56.28 on light volume. Thus far, 2.8 million shares of ConocoPhillips exchanged hands as compared to its average daily volume of 10.6 million shares. The stock has ranged in price between $55.97-$56.80 after having opened the day at $56.75 as compared to the previous trading day's close of $56.73.

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ConocoPhillips explores for, produces, transports, and markets crude oil, bitumen, natural gas, liquefied natural gas, and natural gas liquids worldwide. ConocoPhillips has a market cap of $67.8 billion and is part of the basic materials sector. Shares are down 17.9% year-to-date as of the close of trading on Tuesday. Currently there are 5 analysts that rate ConocoPhillips a buy, 1 analyst rates it a sell, and 6 rate it a hold.

TheStreet Ratings rates

ConocoPhillips

as a

hold

. The company's strongest point has been its strong cash flow from operations. At the same time, however, we also find weaknesses including feeble growth in the company's earnings per share, deteriorating net income and a generally disappointing performance in the stock itself. Get the full

ConocoPhillips Ratings Report

now.

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1. As of noon trading,

Schlumberger

(

SLB

) is down $0.96 (-1.2%) to $80.56 on light volume. Thus far, 3.4 million shares of Schlumberger exchanged hands as compared to its average daily volume of 10.4 million shares. The stock has ranged in price between $80.40-$81.71 after having opened the day at $81.45 as compared to the previous trading day's close of $81.52.

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Schlumberger Limited supplies technology, integrated project management, and information solutions to the oil and gas exploration and production industries worldwide. The company operates through Reservoir Characterization Group, Drilling Group, and Production Group segments. Schlumberger has a market cap of $100.2 billion and is part of the basic materials sector. Shares are down 4.5% year-to-date as of the close of trading on Tuesday. Currently there are 18 analysts that rate Schlumberger a buy, 1 analyst rates it a sell, and 7 rate it a hold.

TheStreet Ratings rates

Schlumberger

as a

hold

. 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 feeble growth in the company's earnings per share, deteriorating net income and disappointing return on equity. Get the full

Schlumberger Ratings Report

now.

EXCLUSIVE OFFER: See inside Jim Cramer's multi-million dollar charitable trust portfolio to see the stocks he thinks could be potential winners. Click here to see his holdings for 14-days FREE.

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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