PBR.A, BP And SLB, Pushing Energy Industry Downward

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All three major indices are trading down today with the Dow Jones Industrial Average ( ^DJI) trading down 202 points (-1.2%) at 16,120 as of Monday, March 3, 2014, 11:55 AM ET. The NYSE advances/declines ratio sits at 729 issues advancing vs. 2,228 declining with 140 unchanged.

The Energy industry currently sits down 0.2% versus the S&P 500, which is down 1.0%. On the negative front, top decliners within the industry include Tenaris ( TS), down 2.3%, Petroleo Brasileiro SA Petrobras ( PBR), down 2.0%, PetroChina ( PTR), down 1.2% and China Petroleum & Chemical Corporation ( SNP), down 0.9%.

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

3. Petroleo Brasileiro SA Petrobras ( PBR.A) is one of the companies pushing the Energy industry lower today. As of noon trading, Petroleo Brasileiro SA Petrobras is down $0.26 (-2.2%) to $11.40 on light volume. Thus far, 1.9 million shares of Petroleo Brasileiro SA Petrobras exchanged hands as compared to its average daily volume of 8.3 million shares. The stock has ranged in price between $11.38-$11.62 after having opened the day at $11.60 as compared to the previous trading day's close of $11.66.

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 $79.3 billion and is part of the basic materials sector. Shares are down 20.6% year-to-date as of the close of trading on Friday.

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.

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