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 up today with the

Dow Jones Industrial Average

(

^DJI

) trading up 8 points (0.0%) at 18,524 as of Monday, July 18, 2016, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,660 issues advancing vs. 1,244 declining with 151 unchanged.

The Energy industry currently is unchanged today versus the S&P 500, which is up 0.1%. On the negative front, top decliners within the industry include

National Oilwell Varco

(

NOV

), down 2.2%,

Tenaris

(

TS

), down 1.6%,

TransCanada

(

TRP

), down 1.5%,

Statoil ASA

(

STO

), down 1.2% and

Total

(

TOT

), down 0.9%. Top gainers within the industry include

Petroleo Brasileiro SA Petrobras

(

PBR

), up 1.7%,

Enterprise Products Partners

(

EPD

), up 0.5% and

Royal Dutch Shell

(

RDS.A

), up 0.5%.

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

3.

ConocoPhillips

(

COP

) is one of the companies pushing the Energy industry lower today. As of noon trading, ConocoPhillips is down $0.32 (-0.8%) to $42.62 on light volume. Thus far, 2.2 million shares of ConocoPhillips exchanged hands as compared to its average daily volume of 8.6 million shares. The stock has ranged in price between $42.21-$42.94 after having opened the day at $42.74 as compared to the previous trading day's close of $42.94.

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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 $53.3 billion and is part of the basic materials sector. Shares are down 8.0% year-to-date as of the close of trading on Friday. Currently there are 7 analysts that rate ConocoPhillips a buy, 1 analyst rates it a sell, and 8 rate it a hold.

TheStreet Ratings rates

ConocoPhillips

as a

sell

. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, poor profit margins, weak operating cash flow, disappointing return on equity and generally disappointing historical performance in the stock itself. Get the full

ConocoPhillips Ratings Report

now.

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2. As of noon trading,

BP

(

BP

) is down $0.32 (-0.9%) to $36.24 on light volume. Thus far, 3.2 million shares of BP exchanged hands as compared to its average daily volume of 10.3 million shares. The stock has ranged in price between $36.03-$36.33 after having opened the day at $36.24 as compared to the previous trading day's close of $36.56.

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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 $113.6 billion and is part of the basic materials sector. Shares are up 16.9% year-to-date as of the close of trading on Friday. Currently there are 4 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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1. As of noon trading,

Chevron

(

CVX

) is down $0.93 (-0.9%) to $106.10 on light volume. Thus far, 1.7 million shares of Chevron exchanged hands as compared to its average daily volume of 6.9 million shares. The stock has ranged in price between $106.08-$106.75 after having opened the day at $106.68 as compared to the previous trading day's close of $107.03.

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Chevron Corporation, through its subsidiaries, engages in integrated energy, chemicals, and petroleum operations worldwide. The company operates in two segments, Upstream and Downstream. Chevron has a market cap of $201.1 billion and is part of the basic materials sector. Shares are up 19.0% year-to-date as of the close of trading on Friday. Currently there are 10 analysts that rate Chevron a buy, no analysts rate it a sell, and 7 rate it a hold.

TheStreet Ratings rates

Chevron

as a

hold

. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures and solid stock price performance. However, as a counter to these strengths, we also find weaknesses including feeble growth in the company's earnings per share, deteriorating net income and poor profit margins. Get the full

Chevron 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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