COP, SLB And CVX, 3 Energy Stocks Pushing The Industry Lower

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

Two out of the three major indices are trading lower today with the

Dow Jones Industrial Average

(

^DJI

) trading down 6 points (0.0%) at 17,753 as of Wednesday, Nov. 11, 2015, 11:55 AM ET. The NYSE advances/declines ratio sits at 1,244 issues advancing vs. 1,682 declining with 165 unchanged.

The Energy industry currently sits down 2.5% versus the S&P 500, which is down 0.1%. On the negative front, top decliners within the industry include

Marathon Oil

(

MRO

), down 6.3%,

Apache Corporation

(

APA

), down 5.7%,

Devon Energy

(

DVN

), down 4.4%,

Anadarko Petroleum

(

APC

), down 4.3% and

Energy Transfer Equity

(

ETE

), down 4.1%.

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 $0.83 (-1.5%) to $53.82 on light volume. Thus far, 2.9 million shares of ConocoPhillips exchanged hands as compared to its average daily volume of 10.3 million shares. The stock has ranged in price between $53.56-$54.74 after having opened the day at $54.61 as compared to the previous trading day's close of $54.65.

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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 $67.5 billion and is part of the basic materials sector. Shares are down 20.9% 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

. 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

ConocoPhillips Ratings Report

now.

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2. As of noon trading,

Schlumberger

(

SLB

) is down $1.72 (-2.2%) to $77.06 on light volume. Thus far, 2.2 million shares of Schlumberger exchanged hands as compared to its average daily volume of 10.6 million shares. The stock has ranged in price between $76.76-$78.59 after having opened the day at $78.50 as compared to the previous trading day's close of $78.77.

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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 $98.3 billion and is part of the basic materials sector. Shares are down 7.8% 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.

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1. As of noon trading,

Chevron

(

CVX

) is down $0.77 (-0.8%) to $92.46 on light volume. Thus far, 1.8 million shares of Chevron exchanged hands as compared to its average daily volume of 12.2 million shares. The stock has ranged in price between $91.97-$93.71 after having opened the day at $93.33 as compared to the previous trading day's close of $93.23.

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Chevron Corporation, through its subsidiaries, engages in the petroleum, chemicals, and power and energy operations worldwide. The company operates in two segments, Upstream and Downstream. Chevron has a market cap of $173.7 billion and is part of the basic materials sector. Shares are down 16.9% year-to-date as of the close of trading on Tuesday. Currently there are 8 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 reasonable valuation levels. However, as a counter to these strengths, we also find weaknesses including feeble growth in the company's earnings per share, disappointing return on equity and weak operating cash flow. 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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