5 Stocks Pushing The Energy Industry Lower

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One out of the three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading down 0 points (0.0%) at 15,915 as of Wednesday, Dec. 4, 2013, 11:45 AM ET. The NYSE advances/declines ratio sits at 1,252 issues advancing vs. 1,627 declining with 137 unchanged.

The Energy industry currently sits down 0.3% versus the S&P 500, which is unchanged. On the negative front, top decliners within the industry include El Paso Pipeline Partners ( EPB), down 8.7%, Suncor Energy ( SU), down 2.1%, Valero Energy Corporation ( VLO), down 1.8%, Statoil ASA ( STO), down 1.5% and Enterprise Products Partners ( EPD), down 1.4%.

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

5. Kinder Morgan Energy Partners ( KMP) is one of the companies pushing the Energy industry lower today. As of noon trading, Kinder Morgan Energy Partners is down $1.82 (-2.2%) to $79.80 on heavy volume. Thus far, 1.2 million shares of Kinder Morgan Energy Partners exchanged hands as compared to its average daily volume of 1.1 million shares. The stock has ranged in price between $79.70-$81.45 after having opened the day at $81.09 as compared to the previous trading day's close of $81.62.

Kinder Morgan Energy Partners, L.P. operates as a pipeline transportation and energy storage company in North America. Kinder Morgan Energy Partners has a market cap of $25.2 billion and is part of the basic materials sector. The company has a P/E ratio of 22.8, above the S&P 500 P/E ratio of 17.7. Shares are up 2.3% year to date as of the close of trading on Tuesday. Currently there are 5 analysts that rate Kinder Morgan Energy Partners a buy, no analysts rate it a sell, and 9 rate it a hold.

TheStreet Ratings rates Kinder Morgan Energy Partners 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, good cash flow from operations and expanding profit margins. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. Get the full Kinder Morgan Energy Partners Ratings Report now.

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