3 Stocks Pushing The Energy Industry Lower
All three major indices are trading up today with the
Dow Jones Industrial Average
(
^DJI
) trading up 216 points (1.2%) at 17,709 as of Tuesday, May 24, 2016, 12:55 PM ET. The NYSE advances/declines ratio sits at 2,265 issues advancing vs. 694 declining with 124 unchanged.
The Energy industry currently sits up 0.5% versus the S&P 500, which is up 1.3%. On the negative front, top decliners within the industry include
(
), down 7.0%,
(
), down 3.5%,
(
), down 2.5%,
(
), down 2.4% and
(
), down 0.7%. Top gainers within the industry include
(
), up 2.5%,
(
), up 2.2%,
(
), up 1.6%,
(
), up 1.3% and
(
), up 1.3%.
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, Baker Hughes is down $0.96 (-2.1%) to $43.94 on average volume. Thus far, 2.9 million shares of Baker Hughes exchanged hands as compared to its average daily volume of 4.4 million shares. The stock has ranged in price between $43.74-$45.15 after having opened the day at $44.91 as compared to the previous trading day's close of $44.89.
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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 $19.9 billion and is part of the basic materials sector. Shares are down 2.7% year-to-date as of the close of trading on Monday. Currently there are 13 analysts that rate Baker Hughes a buy, 2 analysts rate it a sell, and 8 rate it a hold.
TheStreet Ratings rates
Baker Hughes
as a
. The company's weaknesses can be seen in multiple areas, such as its disappointing return on equity, poor profit margins, weak operating cash flow, generally disappointing historical performance in the stock itself and feeble growth in its earnings per share. Get the full
now.
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2. As of noon trading,
(
) is down $0.46 (-3.6%) to $12.20 on average volume. Thus far, 7.7 million shares of Energy Transfer Equity exchanged hands as compared to its average daily volume of 20.0 million shares. The stock has ranged in price between $12.11-$12.80 after having opened the day at $12.75 as compared to the previous trading day's close of $12.66.
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.
Energy Transfer Equity, L.P. provides diversified energy-related services in the Unites States. Energy Transfer Equity has a market cap of $13.4 billion and is part of the basic materials sector. Shares are down 7.9% year-to-date as of the close of trading on Monday. Currently there are 3 analysts that rate Energy Transfer Equity a buy, no analysts rate it a sell, and 4 rate it a hold.
TheStreet Ratings rates
Energy Transfer Equity
as a
. The company's strengths can be seen in multiple areas, such as its increase in net income and impressive record of earnings per share growth. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself and poor profit margins. Get the full
Energy Transfer Equity Ratings Report
now.
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1. As of noon trading,
(
) is down $0.16 (-0.9%) to $17.26 on light volume. Thus far, 6.0 million shares of Kinder Morgan exchanged hands as compared to its average daily volume of 19.2 million shares. The stock has ranged in price between $17.12-$17.56 after having opened the day at $17.53 as compared to the previous trading day's close of $17.43.
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.
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 $39.6 billion and is part of the basic materials sector. Shares are up 16.8% year-to-date as of the close of trading on Monday. 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
. The company's weaknesses can be seen in multiple areas, such as its generally disappointing historical performance in the stock itself, generally high debt management risk, disappointing return on equity, weak operating cash flow and feeble growth in its earnings per share. 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
(
).
