The energy industry closed the day down 1.4%. WSP Holdings ( WH), Torch Energy Royalty ( TRU), Arabian American Development Company ( ARSD), and Energy Services of America Corporation ( ESA) were all winners today within the energy industry with ConocoPhillips ( COP) being today's featured energy winner. ConocoPhillips rose 35 cents (0.5%) to $69.56 on average volume. Throughout the day, 8.8 million shares of ConocoPhillips exchanged hands as compared to its average daily volume of 10.9 million shares. ConocoPhillips operates as an integrated energy company worldwide. The company's Exploration and Production (E&P) segment explores for, produces, transports, and markets crude oil, bitumen, natural gas, liquefied natural gas, and natural gas liquids. ConocoPhillips has a market cap of $93.8 billion and is part of the basic materials sector. The company has a P/E ratio of 8.7, equal to the average energy industry P/E ratio and below the S&P 500 P/E ratio of 17.7. Shares are up 1.6% year to date as of the close of trading on Tuesday. TheStreet Ratings rates ConocoPhillips as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, attractive valuation levels, good cash flow from operations, notable return on equity and solid stock price performance. We feel these strengths outweigh the fact that the company has had sub par growth in net income.
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