3 Stocks Underperforming Today In The Energy Industry
All three major indices are trading down today with the
Dow Jones Industrial Average
(
^DJI
) trading down 11 points (-0.1%) at 17,856 as of Thursday, Nov. 5, 2015, 11:55 AM ET. The NYSE advances/declines ratio sits at 1,091 issues advancing vs. 1,846 declining with 161 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 3.0%,
(
), down 2.2%,
(
), down 1.9%,
(
), down 1.4% and
(
), down 1.1%. A company within the industry that increased today was
(
), up 1.7%.
TheStreet would like to highlight 3 stocks pushing the industry lower today:
3.
(
) is one of the companies pushing the Energy industry lower today. As of noon trading, Enbridge is down $0.89 (-2.1%) to $40.71 on average volume. Thus far, 632,642 shares of Enbridge exchanged hands as compared to its average daily volume of 1.3 million shares. The stock has ranged in price between $40.44-$41.39 after having opened the day at $41.08 as compared to the previous trading day's close of $41.60.
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.
Enbridge Inc. operates as an energy transportation and distribution company in the United States and Canada. Its Liquids Pipelines segment operates common carrier and contract crude oil, natural gas liquids (NGL), and refined products pipelines and terminals. Enbridge has a market cap of $36.9 billion and is part of the basic materials sector. Shares are down 19.1% year-to-date as of the close of trading on Wednesday. Currently there are 3 analysts that rate Enbridge a buy, no analysts rate it a sell, and 1 rates it a hold.
TheStreet Ratings rates
Enbridge
as a
. Among the primary strengths of the company is its generally strong cash flow from operations. 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
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.
2. As of noon trading,
(
) is down $1.76 (-3.2%) to $52.81 on average volume. Thus far, 1.1 million shares of Royal Dutch Shell exchanged hands as compared to its average daily volume of 1.9 million shares. The stock has ranged in price between $52.59-$53.28 after having opened the day at $52.93 as compared to the previous trading day's close of $54.57.
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.
Royal Dutch Shell plc operates as an independent oil and gas company worldwide. It operates through Upstream and Downstream segments. The company explores for and extracts crude oil, natural gas, and natural gas liquids. Royal Dutch Shell has a market cap of $175.0 billion and is part of the basic materials sector. Shares are down 21.6% year-to-date as of the close of trading on Wednesday.
TheStreet Ratings rates
Royal Dutch Shell
as a
. 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 attractive valuation levels. However, as a counter to these strengths, we also find weaknesses including disappointing return on equity, weak operating cash flow and a generally disappointing performance in the stock itself. Get the full
Royal Dutch Shell 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.
1. As of noon trading,
(
) is down $1.51 (-2.9%) to $50.05 on heavy volume. Thus far, 2.6 million shares of Baker Hughes exchanged hands as compared to its average daily volume of 3.4 million shares. The stock has ranged in price between $49.72-$51.62 after having opened the day at $51.60 as compared to the previous trading day's close of $51.56.
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.
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 $23.7 billion and is part of the basic materials sector. Shares are down 8.0% year-to-date as of the close of trading on Wednesday. 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.
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
(
) while those bearish on the energy industry could consider
(
).