4 Stocks Pulling The Energy Industry Downward

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One out of the three major indices are trading lower today with the Dow Jones Industrial Average ( ^DJI) trading up 22 points (0.1%) at 15,897 as of Wednesday, Dec. 18, 2013, 11:55 AM ET. The NYSE advances/declines ratio sits at 1,497 issues advancing vs. 1,411 declining with 169 unchanged.

The Energy industry currently is unchanged today versus the S&P 500, which is unchanged.

TheStreet would like to highlight 4 stocks pushing the industry lower today:

4. Ecopetrol S.A ( EC) is one of the companies pushing the Energy industry lower today. As of noon trading, Ecopetrol S.A is down $1.12 (-2.8%) to $38.59 on heavy volume. Thus far, 589,373 shares of Ecopetrol S.A exchanged hands as compared to its average daily volume of 338,900 shares. The stock has ranged in price between $38.58-$39.78 after having opened the day at $39.73 as compared to the previous trading day's close of $39.71.

Ecopetrol S.A., an integrated oil company, engages in the exploration, development, and production of crude oil and natural gas Colombia. The company operates in four segments: Exploration and Production, Refining and Petrochemicals, Transportation, and Market and Supply. Ecopetrol S.A has a market cap of $81.7 billion and is part of the basic materials sector. The company has a P/E ratio of 6.2, below the S&P 500 P/E ratio of 17.7. Shares are down 33.4% year to date as of the close of trading on Tuesday. Currently there are no analysts that rate Ecopetrol S.A a buy, 2 analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates Ecopetrol S.A 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, 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 Ecopetrol S.A Ratings Report now.

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