BP PLC (BP): Today's Featured Energy Laggard

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.

BP ( BP) pushed the Energy industry lower today making it today's featured Energy laggard. The industry as a whole closed the day up 0.5%. By the end of trading, BP fell $0.53 (-1.1%) to $46.17 on average volume. Throughout the day, 4,261,194 shares of BP exchanged hands as compared to its average daily volume of 5,463,700 shares. The stock ranged in price between $45.90-$46.36 after having opened the day at $46.33 as compared to the previous trading day's close of $46.70. Other companies within the Energy industry that declined today were: Samson Oil & Gas ( SSN), down 6.4%, Double Eagle Petroleum Company ( DBLE), down 6.3%, TGC Industries ( TGE), down 5.1% and Triangle Petroleum ( TPLM), down 4.8%.

BP p.l.c. provides fuel for transportation, energy for heat and light, lubricants to engines, and petrochemicals products. BP has a market cap of $146.2 billion and is part of the basic materials sector. The company has a P/E ratio of 12.7, below the S&P 500 P/E ratio of 17.7. Shares are up 12.2% year to date as of the close of trading on Wednesday. Currently there are 6 analysts that rate BP a buy, 1 analyst rates it a sell, and 3 rate it a hold.

TheStreet Ratings rates BP as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, attractive valuation levels, largely solid financial position with reasonable debt levels by most measures, notable return on equity and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had sub par growth in net income.

On the positive front, Zion Oil & Gas ( ZN), up 36.7%, World Point Terminals ( WPT), up 8.9%, Ivanhoe Energy ( IVAN), up 8.6% and Abraxas Petroleum Corporation ( AXAS), up 7.8% , were all gainers within the energy industry with EOG Resources ( EOG) being today's featured energy industry leader.

For investors not wanting singular stock exposure, 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).

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.
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