PTR, PBR.A And BP, 3 Energy Stocks Pushing The Industry Lower

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

All three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading up 27 points (0.2%) at 15,548 as of Wednesday, July 31, 2013, 12:50 PM ET. The NYSE advances/declines ratio sits at 1,364 issues advancing vs. 1,544 declining with 117 unchanged.

The Energy industry currently sits up 0.5% versus the S&P 500, which is up 0.3%. On the negative front, top decliners within the industry include Petroleo Brasileiro SA Petrobras ( PBR), down 1.1%, and Tenaris ( TS), down 1.1%. Top gainers within the industry include YPF Sociedad Anonima ( YPF), up 5.1%, Phillips 66 ( PSX), up 4.3%, Hess ( HES), up 2.4%, Energy Transfer Equity ( ETE), up 2.3% and Canadian Natural Resources ( CNQ), up 1.8%.

TheStreet would like to highlight 3 stocks pushing the industry lower today:

3. PetroChina ( PTR) is one of the companies pushing the Energy industry lower today. As of noon trading, PetroChina is down $0.88 (-0.8%) to $116.10 on light volume. Thus far, 29,181 shares of PetroChina exchanged hands as compared to its average daily volume of 157,600 shares. The stock has ranged in price between $115.99-$117.11 after having opened the day at $116.88 as compared to the previous trading day's close of $116.98.

PetroChina Company Limited produces and sells oil and gas in the People's Republic of China. The company operates in four segments: Exploration and Production, Refining and Chemicals, Marketing, and Natural Gas and Pipeline. PetroChina has a market cap of $214.5 billion and is part of the basic materials sector. Shares are down 18.6% year to date as of the close of trading on Tuesday. Currently there are 3 analysts that rate PetroChina a buy, 1 analyst rates it a sell, and none rate it a hold.

TheStreet Ratings rates PetroChina as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth and attractive valuation levels. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full PetroChina Ratings Report now.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

2. As of noon trading, Petroleo Brasileiro SA Petrobras ( PBR.A) is down $0.17 (-1.2%) to $14.27 on light volume. Thus far, 2.8 million shares of Petroleo Brasileiro SA Petrobras exchanged hands as compared to its average daily volume of 7.7 million shares. The stock has ranged in price between $14.17-$14.47 after having opened the day at $14.42 as compared to the previous trading day's close of $14.44.

Petroleo Brasileiro S.A. - Petrobras operates as an integrated oil and gas company in Brazil and internationally. Petroleo Brasileiro SA Petrobras has a market cap of $96.5 billion and is part of the basic materials sector. Shares are down 25.2% year to date as of the close of trading on Tuesday.

TheStreet Ratings rates Petroleo Brasileiro SA Petrobras as a hold. The company's strengths can be seen in multiple areas, such as its attractive valuation levels and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and poor profit margins. Get the full Petroleo Brasileiro SA Petrobras Ratings Report now.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

1. As of noon trading, BP ( BP) is down $0.29 (-0.7%) to $41.45 on heavy volume. Thus far, 4.2 million shares of BP exchanged hands as compared to its average daily volume of 5.0 million shares. The stock has ranged in price between $41.37-$41.75 after having opened the day at $41.64 as compared to the previous trading day's close of $41.74.

BP p.l.c. provides fuel for transportation, energy for heat and light, lubricants to engines, and petrochemicals products. BP has a market cap of $136.1 billion and is part of the basic materials sector. Shares are up 3.6% year to date as of the close of trading on Tuesday. Currently there are 7 analysts that rate BP a buy, 1 analyst rates it a sell, and 6 rate it a hold.

TheStreet Ratings rates BP as a hold. The company's strengths can be seen in multiple areas, such as its increase in net income, attractive valuation levels and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including disappointing return on equity and poor profit margins. Get the full BP Ratings Report now.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

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).
null

If you liked this article you might like

Wall Street on Track for Records as Energy Overshadows Telecom Pressure

Wall Street on Track for Records as Energy Overshadows Telecom Pressure

Energy and Chipmaker Stocks Lead Wall Street Above Record Closing Levels

Energy and Chipmaker Stocks Lead Wall Street Above Record Closing Levels

Healthcare Drives Small Gains for Dow While Rest of Market Slips

Healthcare Drives Small Gains for Dow While Rest of Market Slips

New Records for Dow, S&P 500 and Nasdaq as Apple's Gains Offset Healthcare Slide

New Records for Dow, S&P 500 and Nasdaq as Apple's Gains Offset Healthcare Slide

Dow, Nasdaq on Track for Records as Energy and Apple Rise

Dow, Nasdaq on Track for Records as Energy and Apple Rise