5 Energy Stocks Dragging The Industry Down

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 64 points (0.4%) at 14,866 as of Thursday, April 11, 2013, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,808 issues advancing vs. 1,100 declining with 140 unchanged.

The Energy industry currently sits down 0.29 versus the S&P 500, which is up 0.4%. On the negative front, top decliners within the industry include Petroleo Brasileiro SA Petrobras ( PBR.A), down 1.89, and PetroChina ( PTR), down 0.97. A company within the industry that increased today was Chevron ( CVX), up 0.95.

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

5. Statoil ASA ( STO) is one of the companies pushing the Energy industry lower today. As of noon trading, Statoil ASA is down $0.22 (-0.9%) to $24.19 on average volume Thus far, 708,120 shares of Statoil ASA exchanged hands as compared to its average daily volume of 1.3 million shares. The stock has ranged in price between $24.15-$24.32 after having opened the day at $24.19 as compared to the previous trading day's close of $24.41.

Statoil ASA, an integrated energy company, engages in the exploration, production, transportation, refining, and marketing of petroleum and petroleum-derived products in Norway and internationally. Statoil ASA has a market cap of $77.9 billion and is part of the basic materials sector. The company has a P/E ratio of 8.1, below the S&P 500 P/E ratio of 17.7. Shares are down 2.5% year to date as of the close of trading on Wednesday.

TheStreet Ratings rates Statoil ASA as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, attractive valuation levels, good cash flow from operations, largely solid financial position with reasonable debt levels by most measures and expanding profit margins. We feel these strengths outweigh the fact that the company has had somewhat weak growth in earnings per share. Get the full Statoil ASA Ratings Report now.

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