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

Two out of the three major indices are trading lower today with the Dow Jones Industrial Average ( ^DJI) trading up 14 points (0.1%) at 12,892 as of Wednesday, Nov. 28, 2012, 12:00 PM ET. The NYSE advances/declines ratio sits at 1,435 issues advancing vs. 1,435 declining with 148 unchanged.

The Energy industry currently sits down 0.2% versus the S&P 500, which is down 0.0%. On the negative front, top decliners within the industry include Ensco ( ESV), down 2.2%, Continental Resources ( CLR), down 1.5%, PetroChina ( PTR), down 0.8% and Statoil ASA ( STO), down 0.4%. Top gainers within the industry include Gulfport Energy Corporation ( GPOR), up 14.5%, Enbridge ( ENB), up 1.4%, Imperial Oil ( IMO), up 0.6% and Eni SpA ( E), up 0.6%.

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

5. Suncor Energy ( SU) is one of the companies pushing the Energy industry lower today. As of noon trading, Suncor Energy is down $0.51 (-1.5%) to $32.57 on average volume Thus far, 2.7 million shares of Suncor Energy exchanged hands as compared to its average daily volume of 4.1 million shares. The stock has ranged in price between $32.39-$32.77 after having opened the day at $32.61 as compared to the previous trading day's close of $33.08.

Suncor Energy Inc., together with its subsidiaries, operates as an integrated energy company. Suncor Energy has a market cap of $51.4 billion and is part of the basic materials sector. The company has a P/E ratio of 10.5, below the S&P 500 P/E ratio of 17.7. Shares are up 16.3% year to date as of the close of trading on Tuesday. Currently there are 11 analysts that rate Suncor Energy a buy, no analysts rate it a sell, and none rate it a hold.

TheStreet Ratings rates Suncor Energy as a buy. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, increase in net income, largely solid financial position with reasonable debt levels by most measures, attractive valuation levels and increase in stock price during the past year. We feel these strengths outweigh the fact that the company shows low profit margins. Get the full Suncor Energy Ratings Report now.

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