3 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.

All three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading up 30 points (0.2%) at 15,994 as of Thursday, Feb. 13, 2014, 11:55 AM ET. The NYSE advances/declines ratio sits at 1,823 issues advancing vs. 1,044 declining with 196 unchanged.

The Energy industry currently sits up 0.6% versus the S&P 500, which is up 0.2%. On the negative front, top decliners within the industry include Petroleo Brasileiro SA Petrobras ( PBR.A), down 1.2%, and China Petroleum & Chemical Corporation ( SNP), down 1.0%.

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

3. Cenovus Energy ( CVE) is one of the companies pushing the Energy industry lower today. As of noon trading, Cenovus Energy is down $0.70 (-2.6%) to $26.29 on average volume. Thus far, 772,023 shares of Cenovus Energy exchanged hands as compared to its average daily volume of 1.2 million shares. The stock has ranged in price between $26.03-$26.68 after having opened the day at $26.66 as compared to the previous trading day's close of $26.99.

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 $20.1 billion and is part of the basic materials sector. Shares are down 5.8% year-to-date as of the close of trading on Wednesday. Currently there are 8 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, increase in net income and growth in earnings per share. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, disappointing return on equity and poor profit margins. 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.

2. As of noon trading, Apache Corporation ( APA) is down $1.74 (-2.1%) to $79.54 on average volume. Thus far, 1.6 million shares of Apache Corporation exchanged hands as compared to its average daily volume of 2.5 million shares. The stock has ranged in price between $78.53-$79.99 after having opened the day at $79.53 as compared to the previous trading day's close of $81.28.

Apache Corporation, an independent energy company, explores for, develops, and produces natural gas, crude oil, and natural gas liquids. Apache Corporation has a market cap of $32.5 billion and is part of the basic materials sector. Shares are down 5.4% year-to-date as of the close of trading on Wednesday. Currently there are 13 analysts that rate Apache Corporation a buy, no analysts rate it a sell, and 10 rate it a hold.

TheStreet Ratings rates Apache Corporation as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, increase in net income, reasonable valuation levels, expanding profit margins and good cash flow from operations. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. Get the full Apache 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.

1. As of noon trading, Petroleo Brasileiro SA Petrobras ( PBR) is down $0.18 (-1.6%) to $11.28 on light volume. Thus far, 4.3 million shares of Petroleo Brasileiro SA Petrobras exchanged hands as compared to its average daily volume of 18.4 million shares. The stock has ranged in price between $11.21-$11.31 after having opened the day at $11.23 as compared to the previous trading day's close of $11.46.

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 $76.0 billion and is part of the basic materials sector. Shares are down 16.8% year-to-date as of the close of trading on Wednesday. Currently there are 3 analysts that rate Petroleo Brasileiro SA Petrobras a buy, no analysts rate it a sell, and 6 rate it a hold.

TheStreet Ratings rates Petroleo Brasileiro SA Petrobras as a hold. The company's strengths can be seen in multiple areas, such as its attractive valuation levels, largely solid financial position with reasonable debt levels by most measures and notable return on equity. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income, poor profit margins and weak operating cash flow. 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.

If you are interested in one of these 3 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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