5 Stocks Pushing The Energy Industry Downward

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.

One out of the three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading up 7 points (0.0%) at 14,818 as of Tuesday, Sept. 3, 2013, 12:45 PM ET. The NYSE advances/declines ratio sits at 1,623 issues advancing vs. 1,312 declining with 88 unchanged.

The Energy industry currently sits up 0.5% versus the S&P 500, which is down 0.3%. Top gainers within the industry include Marathon Petroleum ( MPC), up 2.6%, Continental Resources ( CLR), up 2.4%, National Oilwell Varco ( NOV), up 2.2%, Canadian Natural Resources ( CNQ), up 1.9% and PetroChina ( PTR), up 1.3%.

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

5. Enbridge ( ENB) is one of the companies pushing the Energy industry lower today. As of noon trading, Enbridge is down $0.43 (-1.1%) to $40.52 on average volume. Thus far, 472,700 shares of Enbridge exchanged hands as compared to its average daily volume of 1.0 million shares. The stock has ranged in price between $40.48-$41.62 after having opened the day at $41.61 as compared to the previous trading day's close of $40.95.

Enbridge Inc. operates as an energy transportation and distribution company in the United States and Canada. Its Liquids Pipelines segment operates common carrier and contract crude oil, natural gas liquids (NGL), and refined products pipelines and terminals. Enbridge has a market cap of $33.8 billion and is part of the basic materials sector. Currently there are 8 analysts that rate Enbridge a buy, no analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates Enbridge as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, compelling growth in net income and growth in earnings per share. 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 Enbridge 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 liked this article you might like

Stocks Struggle for Direction as Tech Names Rise, Energy Falls

Energy Transfer's Pipeline Spill Problem Is Causing It Another Headache

U.S. Pipeline Cos. Ready to Blow Past Regulatory Roadblock

Tax Reform Could Boost U.S. Businesses: Cramer's 'Mad Money' Recap (Wednesday 4/26/17)