5 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 13 points (0.1%) at 14,463 as of Wednesday, March 13, 2013, 12:49 PM ET. The NYSE advances/declines ratio sits at 1,568 issues advancing vs. 1,298 declining with 138 unchanged.

The Energy industry currently is unchanged today versus the S&P 500, which is up 0.2%. On the negative front, top decliners within the industry include HollyFrontier ( HFC), down 2.1%, Eni SpA ( E), down 1.8%, Encana ( ECA), down 1.8%, Statoil ASA ( STO), down 1.3% and Suncor Energy ( SU), down 1.0%.

TheStreet Ratings group would like to highlight 5 stocks pushing the industry lower today:

5. Imperial Oil ( IMO) is one of the companies pushing the Energy industry lower today. As of noon trading, Imperial Oil is down $0.76 (-1.8%) to $41.59 on light volume Thus far, 55,546 shares of Imperial Oil exchanged hands as compared to its average daily volume of 246,800 shares. The stock has ranged in price between $41.55-$42.46 after having opened the day at $42.39 as compared to the previous trading day's close of $42.35.

Imperial Oil Limited engages in the exploration, production, and sale of crude oil and natural gas in Canada. The company operates through three segments: Upstream, Downstream, and Chemical. Imperial Oil has a market cap of $36.0 billion and is part of the basic materials sector. The company has a P/E ratio of 9.5, below the S&P 500 P/E ratio of 17.7. Shares are down 1.3% year to date as of the close of trading on Tuesday. Currently there is 1 analyst that rates Imperial Oil a buy, 1 analyst rates it a sell, and 3 rate it a hold.

TheStreet Ratings rates Imperial Oil 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, largely solid financial position with reasonable debt levels by most measures, attractive valuation levels and good cash flow from operations. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. Get the full Imperial Oil Ratings Report now.

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