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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2. As of noon trading, Canadian Natural Resources ( CNQ) is down $0.36 (-1.2%) to $30.10 on average volume Thus far, 1.8 million shares of Canadian Natural Resources exchanged hands as compared to its average daily volume of 3.3 million shares. The stock has ranged in price between $30.09-$30.91 after having opened the day at $30.67 as compared to the previous trading day's close of $30.46.

Canadian Natural Resources Limited engages in the acquisition, exploration, development, production, marketing, and sale of crude oil, natural gas liquids (NGLs), and natural gas. Canadian Natural Resources has a market cap of $34.1 billion and is part of the basic materials sector. The company has a P/E ratio of 14.2, 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 Monday. Currently there are 9 analysts that rate Canadian Natural Resources a buy, no analysts rate it a sell, and 4 rate it a hold.

TheStreet Ratings rates Canadian Natural Resources 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 good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income and a generally disappointing performance in the stock itself. Get the full Canadian Natural Resources Ratings Report now.

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1. As of noon trading, Valero Energy Corporation ( VLO) is down $0.81 (-1.7%) to $47.70 on average volume Thus far, 4.1 million shares of Valero Energy Corporation exchanged hands as compared to its average daily volume of 9.1 million shares. The stock has ranged in price between $47.58-$48.97 after having opened the day at $48.93 as compared to the previous trading day's close of $48.51.

Valero Energy Corporation operates as an independent petroleum refining and marketing company. The company operates through three segments: Refining, Ethanol, and Retail. Valero Energy Corporation has a market cap of $25.8 billion and is part of the basic materials sector. The company has a P/E ratio of 12.4, below the S&P 500 P/E ratio of 17.7. Shares are up 42.2% year to date as of the close of trading on Monday. Currently there are 11 analysts that rate Valero Energy Corporation a buy, no analysts rate it a sell, and 4 rate it a hold.

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

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If you are interested in one of these 5 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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