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. ConocoPhillips ( COP) pushed the Energy industry lower today making it today's featured Energy laggard. The industry as a whole closed the day down 2.3%. By the end of trading, ConocoPhillips fell 93 cents (-1.6%) to $57.67 on average volume. Throughout the day, 5.9 million shares of ConocoPhillips exchanged hands as compared to its average daily volume of 6.8 million shares. The stock ranged in price between $57.64-$58.61 after having opened the day at $58.59 as compared to the previous trading day's close of $58.60. Other companies within the Energy industry that declined today were: Harvest Natural Resources ( HNR), down 40.5%, GMX Resources ( GMXR), down 14.9%, Whiting USA Trust I ( WHX), down 9.7%, and Newfield Exploration Company ( NFX), down 9.3%.
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ConocoPhillips explores for, produces, transports, and markets crude oil, natural gas, natural gas liquids, liquefied natural gas and bitumen on a worldwide basis. ConocoPhillips has a market cap of $69.22 billion and is part of the basic materials sector. The company has a P/E ratio of 10.6, below the S&P 500 P/E ratio of 17.7. Shares are down 1.7% year to date as of the close of trading on Tuesday. Currently there are seven analysts that rate ConocoPhillips a buy, four analysts rate it a sell, and five rate it a hold. TheStreet Ratings rates ConocoPhillips as a buy. The company's strengths can be seen in multiple areas, such as its expanding profit margins and growth in earnings per share. We feel these strengths outweigh the fact that the company has had sub par growth in net income.