5 Stocks Pushing The Energy Industry Lower

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model

All three major indices are trading down today with the Dow Jones Industrial Average ( ^DJI) trading down 46 points (-0.4%) at 12,524 as of Thursday, Nov. 15, 2012, 12:05 PM ET. The NYSE advances/declines ratio sits at 826 issues advancing vs. 2,151 declining with 91 unchanged.

The Energy industry currently sits up 0.4% versus the S&P 500, which is down 0.5%. On the negative front, top decliners within the industry include Energy Transfer Equity ( ETE), down 3.2%, Cenovus Energy ( CVE), down 1.2% and PetroChina ( PTR), down 0.5%. Top gainers within the industry include Cameron International Corporation ( CAM), up 3.4%, Ecopetrol S.A ( EC), up 1.2%, Eni SpA ( E), up 0.9%, Imperial Oil ( IMO), up 0.9% and Schlumberger ( SLB), up 1.2%.

TheStreet Ratings group would like to highlight 5 stocks pushing the industry lower today:

5. Plains All American Pipeline ( PAA) is one of the companies pushing the Energy industry lower today. As of noon trading, Plains All American Pipeline is down $1.04 (-2.4%) to $43.10 on heavy volume Thus far, 700,335 shares of Plains All American Pipeline exchanged hands as compared to its average daily volume of 777,500 shares. The stock has ranged in price between $43.00-$44.34 after having opened the day at $43.99 as compared to the previous trading day's close of $44.13.

Plains All American Pipeline, L.P., through its subsidiaries, engages in the transportation, storage, terminalling, and marketing of crude oil, refined products, and liquid petroleum gas (LPG) products in the United States and Canada. Plains All American Pipeline has a market cap of $14.7 billion and is part of the basic materials sector. The company has a P/E ratio of 18.5, above the S&P 500 P/E ratio of 17.7. Shares are up 19.7% year to date as of the close of trading on Wednesday. Currently there are 15 analysts that rate Plains All American Pipeline a buy, no analysts rate it a sell, and 3 rate it a hold.

TheStreet Ratings rates Plains All American Pipeline as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full Plains All American Pipeline Ratings Report now.

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