3 Stocks Dragging In The Energy Industry

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 123 points (0.8%) at 15,622 as of Thursday, Aug. 1, 2013, 12:44 PM ET. The NYSE advances/declines ratio sits at 1,947 issues advancing vs. 1,011 declining with 90 unchanged.

The Energy industry currently sits up 1.5% versus the S&P 500, which is up 1.0%. Top gainers within the industry include EOG Resources ( EOG), up 3.7%, ConocoPhillips ( COP), up 1.7% and PetroChina ( PTR), up 1.4%.

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

3. Imperial Oil ( IMO) is one of the companies pushing the Energy industry lower today. As of noon trading, Imperial Oil is down $1.64 (-3.8%) to $41.30 on heavy volume. Thus far, 250,888 shares of Imperial Oil exchanged hands as compared to its average daily volume of 237,000 shares. The stock has ranged in price between $40.93-$44.12 after having opened the day at $42.75 as compared to the previous trading day's close of $42.94.

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 $36.2 billion and is part of the basic materials sector. Shares are down 0.8% year to date as of the close of trading on Wednesday. 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 revenue growth, attractive valuation levels, 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 Imperial Oil 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, Royal Dutch Shell ( RDS.B) is down $3.60 (-5.1%) to $67.27 on heavy volume. Thus far, 1.8 million shares of Royal Dutch Shell exchanged hands as compared to its average daily volume of 1.1 million shares. The stock has ranged in price between $67.01-$67.68 after having opened the day at $67.31 as compared to the previous trading day's close of $70.87.

Royal Dutch Shell plc operates as an independent oil and gas company worldwide. The company explores for and extracts crude oil, natural gas, and natural gas liquids. Royal Dutch Shell has a market cap of $222.1 billion and is part of the basic materials sector. Shares are down 0.0% year to date as of the close of trading on Wednesday.

TheStreet Ratings rates Royal Dutch Shell as a buy. The company's strengths can be seen in multiple areas, such as its attractive valuation levels, 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 Royal Dutch Shell 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, Exxon Mobil Corporation ( XOM) is down $1.70 (-1.8%) to $92.05 on heavy volume. Thus far, 12.5 million shares of Exxon Mobil Corporation exchanged hands as compared to its average daily volume of 12.6 million shares. The stock has ranged in price between $91.25-$93.10 after having opened the day at $92.69 as compared to the previous trading day's close of $93.75.

Exxon Mobil Corporation engages in the exploration and production of crude oil and natural gas, and manufacture of petroleum products. The company also transports and sells crude oil, natural gas, and petroleum products. It has approximately 37,228 gross and 31,264 net operated wells. Exxon Mobil Corporation has a market cap of $419.4 billion and is part of the basic materials sector. Shares are up 8.3% year to date as of the close of trading on Wednesday. Currently there are 5 analysts that rate Exxon Mobil Corporation a buy, 1 analyst rates it a sell, and 10 rate it a hold.

TheStreet Ratings rates Exxon Mobil Corporation as a buy. The company's strengths can be seen in multiple areas, such as its attractive valuation levels, largely solid financial position with reasonable debt levels by most measures, notable return on equity, increase in stock price during the past year and increase in net income. We feel these strengths outweigh the fact that the company shows weak operating cash flow. Get the full Exxon Mobil Corporation 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 4 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

Chevron, Imperial Oil, Cimarex Stocks Could Be Turning Toxic

Chevron, Imperial Oil, Cimarex Stocks Could Be Turning Toxic

These 3 Big Energy Stocks Could Be Turning Toxic

These 3 Big Energy Stocks Could Be Turning Toxic

Imperial Oil's Shares Are a Hold, With Upside Potential Up to 15%

Imperial Oil's Shares Are a Hold, With Upside Potential Up to 15%

7 Breakout Stocks Spiking on Big Volume

7 Breakout Stocks Spiking on Big Volume

7 Unusual-Volume Stocks That Are About to Break Out

7 Unusual-Volume Stocks That Are About to Break Out