RRC, COG, KMI, EOG And NOV, Pushing Energy Industry Downward

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 down today with the Dow Jones Industrial Average ( ^DJI) trading down 6 points (0.0%) at 14,695 as of Friday, April 26, 2013, 12:50 PM ET. The NYSE advances/declines ratio sits at 953 issues advancing vs. 1,941 declining with 134 unchanged.

The Energy industry currently sits down 1.36 versus the S&P 500, which is down 0.43. On the negative front, top decliners within the industry include Noble Energy ( NBL), down 2.25, Valero Energy Corporation ( VLO), down 1.75, Ecopetrol S.A ( EC), down 1.69, Anadarko Petroleum ( APC), down 1.36 and Enterprise Products Partners ( EPD), down 1.18. A company within the industry that increased today was Petroleo Brasileiro SA Petrobras ( PBR), up 0.39.

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

5. Range Resources Corporation ( RRC) is one of the companies pushing the Energy industry lower today. As of noon trading, Range Resources Corporation is down $3.92 (-5.1%) to $73.54 on heavy volume Thus far, 1.3 million shares of Range Resources Corporation exchanged hands as compared to its average daily volume of 1.6 million shares. The stock has ranged in price between $73.15-$76.72 after having opened the day at $76.58 as compared to the previous trading day's close of $77.46.

Range Resources Corporation operates as an independent natural gas, natural gas liquids (NGLs), and oil company in the United States. It engages in the acquisition, exploration, and development of natural gas and oil properties. Range Resources Corporation has a market cap of $12.3 billion and is part of the basic materials sector. The company has a P/E ratio of 939.9, above the S&P 500 P/E ratio of 17.7. Shares are up 23.3% year to date as of the close of trading on Thursday.

TheStreet Ratings rates Range Resources Corporation as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, increase in net income and solid stock price performance. However, as a counter to these strengths, we also find weaknesses including generally higher debt management risk, disappointing return on equity and premium valuation. Get the full Range Resources Corporation Ratings Report now.

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4. As of noon trading, Cabot Oil & Gas Corporation ( COG) is down $1.73 (-2.5%) to $66.47 on average volume Thus far, 1.0 million shares of Cabot Oil & Gas Corporation exchanged hands as compared to its average daily volume of 2.3 million shares. The stock has ranged in price between $66.45-$68.85 after having opened the day at $68.62 as compared to the previous trading day's close of $68.20.

Cabot Oil & Gas Corporation, an independent oil and gas company, engages in the development, exploitation, exploration, production, and marketing of natural gas, crude oil, and natural gas liquids in the United States. Cabot Oil & Gas Corporation has a market cap of $14.1 billion and is part of the basic materials sector. The company has a P/E ratio of 107.9, above the S&P 500 P/E ratio of 17.7. Shares are up 37.1% year to date as of the close of trading on Thursday.

TheStreet Ratings rates Cabot Oil & Gas Corporation as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, growth in earnings per share, increase in net income, expanding profit margins and good cash flow from operations. We feel these strengths outweigh the fact that the company is trading at a premium valuation based on our review of its current price compared to such things as earnings and book value. Get the full Cabot Oil & Gas Corporation Ratings Report now.

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3. As of noon trading, Kinder Morgan ( KMI) is down $0.44 (-1.1%) to $38.67 on light volume Thus far, 1.2 million shares of Kinder Morgan exchanged hands as compared to its average daily volume of 4.4 million shares. The stock has ranged in price between $38.62-$39.36 after having opened the day at $39.16 as compared to the previous trading day's close of $39.11.

Kinder Morgan, Inc. owns and operates energy transportation and storage assets in the United States and Canada. The company operates in six segments: Natural Gas Pipelines, Products Pipelines KMP, CO2 KMP, Terminals KMP, Kinder Morgan Canada KMP, and Other. Kinder Morgan has a market cap of $41.4 billion and is part of the basic materials sector. The company has a P/E ratio of 65.5, above the S&P 500 P/E ratio of 17.7. Shares are up 10.7% year to date as of the close of trading on Thursday.

TheStreet Ratings rates Kinder Morgan as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, expanding profit margins and compelling growth in net income. However, as a counter to these strengths, we also find weaknesses including generally higher debt management risk, disappointing return on equity and relatively poor performance when compared with the S&P 500 during the past year. Get the full Kinder Morgan Ratings Report now.

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2. As of noon trading, EOG Resources ( EOG) is down $1.88 (-1.5%) to $119.98 on average volume Thus far, 1.1 million shares of EOG Resources exchanged hands as compared to its average daily volume of 1.9 million shares. The stock has ranged in price between $119.45-$121.91 after having opened the day at $121.70 as compared to the previous trading day's close of $121.86.

EOG Resources, Inc., together with its subsidiaries, engages in the exploration, development, production, and marketing of crude oil and natural gas. EOG Resources has a market cap of $32.6 billion and is part of the basic materials sector. The company has a P/E ratio of 56.8, above the S&P 500 P/E ratio of 17.7. Shares are up 0.9% year to date as of the close of trading on Thursday.

TheStreet Ratings rates EOG Resources as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, expanding profit margins, largely solid financial position with reasonable debt levels by most measures and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full EOG Resources Ratings Report now.

Exclusive Offer: Jim Cramer's 'go-to' small/mid-cap guru Bryan Ashenberg only buys stocks he thinks could return 50-100%. See his top picks for 14-days FREE.

1. As of noon trading, National Oilwell Varco ( NOV) is down $1.49 (-2.2%) to $65.72 on heavy volume Thus far, 4.6 million shares of National Oilwell Varco exchanged hands as compared to its average daily volume of 4.3 million shares. The stock has ranged in price between $65.10-$66.12 after having opened the day at $65.31 as compared to the previous trading day's close of $67.21.

National Oilwell Varco, Inc. provides equipment and components for oil and gas drilling and production; oilfield services; and supply chain integration services to the upstream oil and gas industry worldwide. National Oilwell Varco has a market cap of $28.7 billion and is part of the basic materials sector. The company has a P/E ratio of 11.5, 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 Thursday.

TheStreet Ratings rates National Oilwell Varco as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, impressive record of earnings per share growth, attractive valuation levels and good cash flow from operations. We feel these strengths outweigh the fact that the company shows low profit margins. Get the full National Oilwell Varco Ratings Report now.

Exclusive Offer: Jim Cramer's 'go-to' small/mid-cap guru Bryan Ashenberg only buys stocks he thinks could return 50-100%. See his top picks for 14-days FREE.

If you are interested in one of these 3 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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