4 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 down 19 points (-0.1%) at 13,006 as of Monday, Dec. 3, 2012, 11:50 AM ET. The NYSE advances/declines ratio sits at 1,239 issues advancing vs. 1,655 declining with 129 unchanged.

The Energy industry currently sits up 0.2% versus the S&P 500, which is down 0.1%. A company within the industry that fell today was Chevron ( CVX), up 0.6%. Top gainers within the industry include Anadarko Petroleum ( APC), up 1.5%, Imperial Oil ( IMO), up 1.0%, EOG Resources ( EOG), up 0.7% and ConocoPhillips ( COP), up 0.4%.

TheStreet Ratings group would like to highlight 4 stocks pushing the industry lower today:

4. PetroChina ( PTR) is one of the companies pushing the Energy industry lower today. As of noon trading, PetroChina is down $1.08 (-0.8%) to $132.08 on average volume Thus far, 49,898 shares of PetroChina exchanged hands as compared to its average daily volume of 128,200 shares. The stock has ranged in price between $132.06-$132.98 after having opened the day at $132.60 as compared to the previous trading day's close of $133.15.

PetroChina Company Limited produces and sells oil and gas in the People's Republic of China. The company operates in four segments: Exploration and Production, Refining and Chemicals, Marketing, and Natural Gas and Pipeline. PetroChina has a market cap of $240.2 billion and is part of the basic materials sector. The company has a P/E ratio of 1.7, below the S&P 500 P/E ratio of 17.7. Shares are up 5.6% year to date as of the close of trading on Friday. Currently there are 3 analysts that rate PetroChina a buy, no analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates PetroChina as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, attractive valuation levels, good cash flow from operations and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had somewhat weak growth in earnings per share. Get the full PetroChina Ratings Report now.

EXCLUSIVE OFFER: Jim Cramer's Protégé, Dave Peltier, only buys Stocks Under $10 that he thinks could potentially double. See what he's trading today with a 14-day FREE pass

3. As of noon trading, Enterprise Products Partners ( EPD) is down $0.44 (-0.8%) to $51.39 on average volume Thus far, 535,366 shares of Enterprise Products Partners exchanged hands as compared to its average daily volume of 1.4 million shares. The stock has ranged in price between $51.29-$52.20 after having opened the day at $51.82 as compared to the previous trading day's close of $51.83.

Enterprise Products Partners L.P. provides midstream energy services to producers and consumers of natural gas, natural gas liquids (NGLs), crude oil, refined products, and petrochemicals in the United States and internationally. Enterprise Products Partners has a market cap of $46.3 billion and is part of the basic materials sector. The company has a P/E ratio of 18.1, above the S&P 500 P/E ratio of 17.7. Shares are up 11.8% year to date as of the close of trading on Friday. Currently there are 15 analysts that rate Enterprise Products Partners a buy, no analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates Enterprise Products Partners as a buy. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income, notable return on equity, reasonable valuation levels and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated. Get the full Enterprise Products Partners Ratings Report now.

EXCLUSIVE OFFER: Jim Cramer's Protégé, Dave Peltier, only buys Stocks Under $10 that he thinks could potentially double. See what he's trading today with a 14-day FREE pass

2. As of noon trading, BP ( BP) is down $0.25 (-0.6%) to $41.51 on light volume Thus far, 1.6 million shares of BP exchanged hands as compared to its average daily volume of 5.7 million shares. The stock has ranged in price between $41.36-$41.78 after having opened the day at $41.71 as compared to the previous trading day's close of $41.76.

BP p.l.c. provides fuel for transportation, energy for heat and light, lubricants to engines, and petrochemicals products. BP has a market cap of $130.9 billion and is part of the basic materials sector. The company has a P/E ratio of 5.1, below the S&P 500 P/E ratio of 17.7. Shares are down 3.4% year to date as of the close of trading on Friday. Currently there are 6 analysts that rate BP a buy, 1 analyst rates it a sell, and 5 rate it a hold.

TheStreet Ratings rates BP as a buy. The company's strengths can be seen in multiple areas, such as its increase in net income, attractive valuation levels, growth in earnings per share, largely solid financial position with reasonable debt levels by most measures and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. Get the full BP Ratings Report now.

EXCLUSIVE OFFER: Jim Cramer's Protégé, Dave Peltier, only buys Stocks Under $10 that he thinks could potentially double. See what he's trading today with a 14-day FREE pass

1. As of noon trading, Occidental Petroleum Corporation ( OXY) is down $0.61 (-0.8%) to $74.60 on average volume Thus far, 2.6 million shares of Occidental Petroleum Corporation exchanged hands as compared to its average daily volume of 5.0 million shares. The stock has ranged in price between $74.46-$75.92 after having opened the day at $75.79 as compared to the previous trading day's close of $75.21.

Occidental Petroleum Corporation engages in the exploration and production of oil and gas properties in the United States and internationally. The company operates in three segments: Oil and Gas; Chemical; and Midstream, Marketing, and Other. Occidental Petroleum Corporation has a market cap of $61.8 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 down 18.6% year to date as of the close of trading on Friday. Currently there are 10 analysts that rate Occidental Petroleum Corporation a buy, no analysts rate it a sell, and 7 rate it a hold.

TheStreet Ratings rates Occidental Petroleum Corporation as a buy. 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 expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full Occidental Petroleum Corporation Ratings Report now.

EXCLUSIVE OFFER: Jim Cramer's Protégé, Dave Peltier, only buys Stocks Under $10 that he thinks could potentially double. See what he's trading today with a 14-day FREE pass

If you are interested in one of these 4 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).

A reminder about TheStreet Ratings group: 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.
null

If you liked this article you might like

Wall Street on Track for Records as Energy Overshadows Telecom Pressure

Wall Street on Track for Records as Energy Overshadows Telecom Pressure

Energy and Chipmaker Stocks Lead Wall Street Above Record Closing Levels

Energy and Chipmaker Stocks Lead Wall Street Above Record Closing Levels

Healthcare Drives Small Gains for Dow While Rest of Market Slips

Healthcare Drives Small Gains for Dow While Rest of Market Slips

New Records for Dow, S&P 500 and Nasdaq as Apple's Gains Offset Healthcare Slide

New Records for Dow, S&P 500 and Nasdaq as Apple's Gains Offset Healthcare Slide

Dow, Nasdaq on Track for Records as Energy and Apple Rise

Dow, Nasdaq on Track for Records as Energy and Apple Rise