3 Stocks Pushing The Energy Industry Downward

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All three major indices are trading down today with the Dow Jones Industrial Average ( ^DJI) trading down 54 points (-0.3%) at 16,409 as of Thursday, Jan. 9, 2014, 11:55 AM ET. The NYSE advances/declines ratio sits at 1,224 issues advancing vs. 1,713 declining with 144 unchanged.

The Energy industry currently sits up 0.4% versus the S&P 500, which is down 0.2%. A company within the industry that fell today was Exxon Mobil Corporation ( XOM), up 0.9%. Top gainers within the industry include Tenaris ( TS), up 4.1%, EOG Resources ( EOG), up 0.9% and BP ( BP), up 0.5%.

TheStreet would like to highlight 3 stocks pushing the industry lower today:

3. China Petroleum & Chemical Corporation ( SNP) is one of the companies pushing the Energy industry lower today. As of noon trading, China Petroleum & Chemical Corporation is down $1.59 (-2.1%) to $74.64 on heavy volume. Thus far, 91,675 shares of China Petroleum & Chemical Corporation exchanged hands as compared to its average daily volume of 113,500 shares. The stock has ranged in price between $74.40-$76.07 after having opened the day at $75.05 as compared to the previous trading day's close of $76.23.

China Petroleum & Chemical Corporation, an energy and chemical company, through its subsidiaries, engages in the oil and gas, and chemical operations in the People's Republic of China. China Petroleum & Chemical Corporation has a market cap of $89.8 billion and is part of the basic materials sector. The company has a P/E ratio of 15.7, below the S&P 500 P/E ratio of 17.7. Shares are down 7.2% year to date as of the close of trading on Wednesday. Currently there is 1 analyst that rates China Petroleum & Chemical Corporation a buy, no analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates China Petroleum & Chemical Corporation as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, compelling growth in net income, attractive valuation levels, impressive record of earnings per share growth and notable return on equity. We feel these strengths outweigh the fact that the company shows low profit margins. Get the full China Petroleum & Chemical Corporation Ratings Report now.

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