3 Stocks Pulling The Energy Industry Downward

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Two out of the three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading up 93 points (0.6%) at 15,285 as of Wednesday, Sept. 11, 2013, 12:50 PM ET. The NYSE advances/declines ratio sits at 1,438 issues advancing vs. 1,461 declining with 119 unchanged.

The Energy industry currently is unchanged today versus the S&P 500, which is up 0.1%. On the negative front, top decliners within the industry include Kinder Morgan ( KMI), down 2.1%, and Petroleo Brasileiro SA Petrobras ( PBR.A), down 0.7%. Top gainers within the industry include Statoil ASA ( STO), up 1.5%, EOG Resources ( EOG), up 1.4%, Royal Dutch Shell ( RDS.B), up 1.1%, Exxon Mobil Corporation ( XOM), up 0.9% and ConocoPhillips ( COP), up 0.8%.

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 $3.87 (-3.4%) to $110.64 on average volume. Thus far, 109,941 shares of PetroChina exchanged hands as compared to its average daily volume of 188,500 shares. The stock has ranged in price between $110.23-$111.45 after having opened the day at $111.32 as compared to the previous trading day's close of $114.51.

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 $208.6 billion and is part of the basic materials sector. Shares are down 20.4% 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, increase in net income, attractive valuation levels, growth in earnings per share and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. Get the full PetroChina Ratings Report now.

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