4 Stocks Pushing The Energy Industry Downward

All three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading up 18 points (0.1%) at 15,482 as of Monday, July 15, 2013, 12:50 PM ET. The NYSE advances/declines ratio sits at 1,893 issues advancing vs. 1,042 declining with 108 unchanged.

The Energy industry currently sits up 0.1% versus the S&P 500, which is up 0.1%. Top gainers within the industry include Ecopetrol S.A ( EC), up 2.4%, Plains All American Pipeline ( PAA), up 1.8%, Eni SpA ( E), up 0.7%, Statoil ASA ( STO), up 0.5% and Total ( TOT), up 0.5%.

TheStreet would like to highlight 4 stocks pushing the industry lower today:

4. Energy Transfer Equity ( ETE) is one of the companies pushing the Energy industry lower today. As of noon trading, Energy Transfer Equity is down $1.13 (-1.8%) to $63.52 on average volume. Thus far, 482,574 shares of Energy Transfer Equity exchanged hands as compared to its average daily volume of 1.1 million shares. The stock has ranged in price between $63.47-$64.62 after having opened the day at $64.62 as compared to the previous trading day's close of $64.65.

Energy Transfer Equity, L.P., through its subsidiaries, provides diversified energy-related services in the United States. The company sells natural gas to electric utilities, independent power plants, local distribution companies, industrial end-users, and other marketing companies. Energy Transfer Equity has a market cap of $18.2 billion and is part of the basic materials sector. Shares are up 42.9% year to date as of the close of trading on Friday. Currently there are 7 analysts that rate Energy Transfer Equity a buy, no analysts rate it a sell, and 2 rate it a hold.

TheStreet Ratings rates Energy Transfer Equity as a buy. 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. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full Energy Transfer Equity Ratings Report now.

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