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

All three major indices are trading down today with the Dow Jones Industrial Average ( ^DJI) trading down 23 points (-0.2%) at 13,146 as of Friday, Dec. 14, 2012, 11:50 AM ET. The NYSE advances/declines ratio sits at 1,344 issues advancing vs. 1,517 declining with 152 unchanged.

The Energy industry currently sits up 0.1% versus the S&P 500, which is down 0.3%. A company within the industry that increased today was Petroleo Brasileiro SA Petrobras ( PBR), up 2.9%.

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

4. Encana ( ECA) is one of the companies pushing the Energy industry lower today. As of noon trading, Encana is down $0.85 (-4.0%) to $20.23 on average volume Thus far, 3.1 million shares of Encana exchanged hands as compared to its average daily volume of 4.6 million shares. The stock has ranged in price between $20.20-$21.39 after having opened the day at $21.31 as compared to the previous trading day's close of $21.08.

Encana Corporation and its subsidiaries engage in the exploration for, development, production, and marketing of natural gas, oil, and natural gas liquids. Encana has a market cap of $15.3 billion and is part of the basic materials sector. Shares are up 13.8% year to date as of the close of trading on Thursday. Currently there are 2 analysts that rate Encana a buy, 3 analysts rate it a sell, and 12 rate it a hold.

TheStreet Ratings rates Encana as a sell. The company's weaknesses can be seen in multiple areas, such as its feeble growth in its earnings per share, deteriorating net income, disappointing return on equity, weak operating cash flow and generally high debt management risk. Get the full Encana Ratings Report now.

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3. As of noon trading, Baker Hughes ( BHI) is down $1.31 (-3.1%) to $40.87 on average volume Thus far, 2.8 million shares of Baker Hughes exchanged hands as compared to its average daily volume of 4.2 million shares. The stock has ranged in price between $40.83-$41.56 after having opened the day at $41.45 as compared to the previous trading day's close of $42.18.

Baker Hughes Incorporated supplies oilfield services, products, and technology services and systems to the oil and natural gas industry worldwide. Baker Hughes has a market cap of $18.9 billion and is part of the basic materials sector. The company has a P/E ratio of 13.5, below the S&P 500 P/E ratio of 17.7. Shares are down 11.8% year to date as of the close of trading on Thursday. Currently there are 11 analysts that rate Baker Hughes a buy, no analysts rate it a sell, and 11 rate it a hold.

TheStreet Ratings rates Baker Hughes as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures and reasonable valuation levels. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and poor profit margins. Get the full Baker Hughes Ratings Report now.

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2. As of noon trading, Schlumberger ( SLB) is down $4.46 (-6.2%) to $68.10 on heavy volume Thus far, 15.6 million shares of Schlumberger exchanged hands as compared to its average daily volume of 5.9 million shares. The stock has ranged in price between $67.60-$70.00 after having opened the day at $69.90 as compared to the previous trading day's close of $72.56.

Schlumberger Limited, together with its subsidiaries, supplies technology, integrated project management, and information solutions to the oil and gas exploration and production industries worldwide. Schlumberger has a market cap of $96.6 billion and is part of the basic materials sector. The company has a P/E ratio of 17.7, below the S&P 500 P/E ratio of 17.7. Shares are up 6.6% year to date as of the close of trading on Thursday. Currently there are 23 analysts that rate Schlumberger a buy, no analysts rate it a sell, and 2 rate it a hold.

TheStreet Ratings rates Schlumberger as a buy. The company's strengths can be seen in multiple areas, such as its growth in earnings per share, increase in net income, revenue growth, largely solid financial position with reasonable debt levels by most measures and notable return on equity. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. Get the full Schlumberger Ratings Report now.

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1. As of noon trading, Exxon Mobil Corporation ( XOM) is down $0.61 (-0.7%) to $87.97 on light volume Thus far, 3.5 million shares of Exxon Mobil Corporation exchanged hands as compared to its average daily volume of 12.6 million shares. The stock has ranged in price between $87.92-$88.45 after having opened the day at $88.00 as compared to the previous trading day's close of $88.58.

Exxon Mobil Corporation engages in the exploration and production of crude oil and natural gas, and manufacture of petroleum products, as well as transportation and sale of crude oil, natural gas, and petroleum products. Exxon Mobil Corporation has a market cap of $407.8 billion and is part of the basic materials sector. The company has a P/E ratio of 9.4, below the S&P 500 P/E ratio of 17.7. Shares are up 5.5% year to date as of the close of trading on Thursday. Currently there are 7 analysts that rate Exxon Mobil Corporation a buy, no analysts rate it a sell, and 7 rate it a hold.

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

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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 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.
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