3 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 up today with the Dow Jones Industrial Average ( ^DJI) trading up 146 points (1.0%) at 14,274 as of Tuesday, March 5, 2013, 12:00 PM ET. The NYSE advances/declines ratio sits at 2,276 issues advancing vs. 612 declining with 124 unchanged.

The Energy industry currently sits up 0.6% versus the S&P 500, which is up 1.1%. A company within the industry that fell today was Marathon Petroleum ( MPC), up 2.2%. Top gainers within the industry include Eni SpA ( E), up 2.0%, Halliburton Company ( HAL), up 1.4%, Suncor Energy ( SU), up 1.5%, Total ( TOT), up 1.3% and PetroChina ( PTR), up 1.3%.

TheStreet Ratings group would like to highlight 3 stocks pushing the industry lower today:

3. Enbridge ( ENB) is one of the companies pushing the Energy industry lower today. As of noon trading, Enbridge is down $0.51 (-1.1%) to $44.61 on average volume Thus far, 269,910 shares of Enbridge exchanged hands as compared to its average daily volume of 681,600 shares. The stock has ranged in price between $44.60-$45.27 after having opened the day at $45.26 as compared to the previous trading day's close of $45.12.

Enbridge Inc. operates as an energy transportation and distribution company in the United States and Canada. Its Liquids Pipelines segment operates common carrier and contract crude oil, natural gas liquids (NGL), and refined products pipelines and terminals. Enbridge has a market cap of $36.0 billion and is part of the basic materials sector. The company has a P/E ratio of 56.6, above the S&P 500 P/E ratio of 17.7. Shares are up 4.2% year to date as of the close of trading on Monday. Currently there are 9 analysts that rate Enbridge a buy, no analysts rate it a sell, and none rate it a hold.

TheStreet Ratings rates Enbridge as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, good cash flow from operations and solid stock price performance. However, as a counter to these strengths, we also find weaknesses including feeble growth in the company's earnings per share, deteriorating net income and generally higher debt management risk. Get the full Enbridge Ratings Report now.

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