3 Stocks Dragging In The Energy Industry

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 188 points (1.2%) at 16,291 as of Monday, Feb. 24, 2014, 11:55 AM ET. The NYSE advances/declines ratio sits at 2,259 issues advancing vs. 706 declining with 145 unchanged.

The Energy industry currently sits up 1.6% versus the S&P 500, which is up 1.1%. A company within the industry that fell today was PetroChina ( PTR), up 1.7%. Top gainers within the industry include Noble Energy ( NBL), up 5.4%, Continental Resources ( CLR), up 4.9%, Phillips 66 ( PSX), up 3.5%, Baker Hughes ( BHI), up 3.2% and ConocoPhillips ( COP), up 2.9%.

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 $0.67 (-0.8%) to $83.63 on light volume. Thus far, 50,702 shares of China Petroleum & Chemical Corporation exchanged hands as compared to its average daily volume of 165,800 shares. The stock has ranged in price between $83.08-$83.71 after having opened the day at $83.31 as compared to the previous trading day's close of $84.30.

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 $101.0 billion and is part of the basic materials sector. Shares are up 5.5% year-to-date as of the close of trading on Friday. Currently there are 2 analysts that rate China Petroleum & Chemical Corporation a buy, 1 analyst rates it a sell, and none rate 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.

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 liked this article you might like

Energy Takes a Backseat as Crude Oil Stabilizes Under $50

China Communist Party Has Just Become Besties With Hong Kong

Hong Kong Investors Now Have a Comrade Shareholder: the Communist Party

Dow Scores Ninth Straight Record Close With Tiny Gains, S&P 500 at All-Time High

Dow Is Back on Track to Close at a Record High as Consumer Staples Lead