5 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 down today with the Dow Jones Industrial Average ( ^DJI) trading down 58 points (-0.4%) at 15,461 as of Wednesday, Aug. 7, 2013, 12:50 PM ET. The NYSE advances/declines ratio sits at 785 issues advancing vs. 2,161 declining with 94 unchanged.

The Energy industry currently sits down 0.9% versus the S&P 500, which is down 0.4%. On the negative front, top decliners within the industry include Ecopetrol S.A ( EC), down 1.8%, Chesapeake Energy ( CHK), down 2.3%, Enbridge ( ENB), down 2.1%, Cenovus Energy ( CVE), down 1.8% and PetroChina ( PTR), down 1.4%. A company within the industry that increased today was EOG Resources ( EOG), up 2.2%.

TheStreet 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 $2.35 (-2.9%) to $79.17 on average volume. Thus far, 734,122 shares of Range Resources Corporation exchanged hands as compared to its average daily volume of 1.5 million shares. The stock has ranged in price between $78.95-$82.40 after having opened the day at $81.06 as compared to the previous trading day's close of $81.52.

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 $13.4 billion and is part of the basic materials sector. Shares are up 29.8% year to date as of the close of trading on Tuesday. Currently there are 13 analysts that rate Range Resources Corporation a buy, no analysts rate it a sell, and 13 rate it a hold.

TheStreet Ratings rates Range Resources Corporation as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, compelling growth in net income, expanding profit margins, solid stock price performance and impressive record of earnings per share growth. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated. Get the full Range Resources Corporation Ratings Report now.

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