5 Energy Stocks Dragging The Industry Down

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 lower today with the Dow Jones Industrial Average ( ^DJI) trading down 23 points (-0.2%) at 15,311 as of Wednesday, Sept. 25, 2013, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,760 issues advancing vs. 1,167 declining with 109 unchanged.

The Energy industry currently sits up 0.6% versus the S&P 500, which is up 0.1%. A company within the industry that fell today was Ultrapar Holdings ( UGP), up 3.1%. Top gainers within the industry include Cheniere Energy ( LNG), up 4.9%, Talisman Energy ( TLM), up 3.9%, Noble Corporation ( NE), up 2.6%, Continental Resources ( CLR), up 1.6% and Canadian Natural Resources ( CNQ), up 1.4%.

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

5. Cenovus Energy ( CVE) is one of the companies pushing the Energy industry lower today. As of noon trading, Cenovus Energy is down $0.34 (-1.1%) to $30.03 on average volume. Thus far, 517,826 shares of Cenovus Energy exchanged hands as compared to its average daily volume of 1.1 million shares. The stock has ranged in price between $30.03-$30.43 after having opened the day at $30.43 as compared to the previous trading day's close of $30.37.

Cenovus Energy Inc., an integrated oil company, together with its subsidiaries, engages in the development, production, and marketing of bitumen, crude oil, natural gas, and natural gas liquids (NGLs) in Canada with refining operations in the United States. Cenovus Energy has a market cap of $22.5 billion and is part of the basic materials sector. Shares are down 11.1% year to date as of the close of trading on Tuesday. Currently there are 10 analysts that rate Cenovus Energy a buy, no analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates Cenovus Energy as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, feeble growth in the company's earnings per share and deteriorating net income. Get the full Cenovus Energy 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.

4. As of noon trading, Enbridge ( ENB) is down $0.26 (-0.6%) to $41.92 on average volume. Thus far, 340,926 shares of Enbridge exchanged hands as compared to its average daily volume of 854,900 shares. The stock has ranged in price between $41.88-$42.48 after having opened the day at $42.22 as compared to the previous trading day's close of $42.18.

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 $34.7 billion and is part of the basic materials sector. Shares are down 3.0% year to date as of the close of trading on Tuesday. 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 weak operating cash flow. 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.

3. As of noon trading, Cabot Oil & Gas Corporation ( COG) is down $0.94 (-2.6%) to $35.79 on heavy volume. Thus far, 4.6 million shares of Cabot Oil & Gas Corporation exchanged hands as compared to its average daily volume of 3.7 million shares. The stock has ranged in price between $35.55-$36.83 after having opened the day at $36.66 as compared to the previous trading day's close of $36.73.

Cabot Oil & Gas Corporation, an independent oil and gas company, engages in the development, exploitation, exploration, production, and marketing of natural gas, crude oil, and natural gas liquids in the United States. Cabot Oil & Gas Corporation has a market cap of $15.7 billion and is part of the basic materials sector. Shares are up 49.8% year to date as of the close of trading on Tuesday. Currently there are 11 analysts that rate Cabot Oil & Gas Corporation a buy, no analysts rate it a sell, and 10 rate it a hold.

TheStreet Ratings rates Cabot Oil & Gas Corporation as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, impressive record of earnings per share growth, compelling growth in net income, expanding profit margins and good cash flow from operations. We feel these strengths outweigh the fact that the company is trading at a premium valuation based on our review of its current price compared to such things as earnings and book value. Get the full Cabot Oil & Gas 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.

2. As of noon trading, Petroleo Brasileiro SA Petrobras ( PBR.A) is down $0.12 (-0.7%) to $17.05 on average volume. Thus far, 3.5 million shares of Petroleo Brasileiro SA Petrobras exchanged hands as compared to its average daily volume of 8.6 million shares. The stock has ranged in price between $16.92-$17.16 after having opened the day at $17.15 as compared to the previous trading day's close of $17.17.

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 $113.7 billion and is part of the basic materials sector. Shares are down 9.7% 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 revenue growth, compelling growth in net income and attractive valuation levels. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself 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, EOG Resources ( EOG) is down $1.07 (-0.6%) to $171.02 on average volume. Thus far, 846,328 shares of EOG Resources exchanged hands as compared to its average daily volume of 1.6 million shares. The stock has ranged in price between $170.73-$173.29 after having opened the day at $172.09 as compared to the previous trading day's close of $172.09.

EOG Resources, Inc., together with its subsidiaries, engages in the exploration, development, production, and marketing of crude oil and natural gas. EOG Resources has a market cap of $46.0 billion and is part of the basic materials sector. Shares are up 39.8% year to date as of the close of trading on Tuesday. Currently there are 21 analysts that rate EOG Resources a buy, no analysts rate it a sell, and 3 rate it a hold.

TheStreet Ratings rates EOG Resources as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, expanding profit margins, good cash flow from operations and increase in net income. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. Get the full EOG Resources 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).

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