3 Stocks Pushing The Energy Industry Lower

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.

One out of the three major indices are trading lower today with the Dow Jones Industrial Average ( ^DJI) trading up 33 points (0.2%) at 16,455 as of Friday, March 7, 2014, 12:00 PM ET. The NYSE advances/declines ratio sits at 1,158 issues advancing vs. 1,766 declining with 168 unchanged.

The Energy industry currently sits down 0.3% versus the S&P 500, which is unchanged. On the negative front, top decliners within the industry include Imperial Oil ( IMO), down 1.5%, TransCanada ( TRP), down 1.4%, Statoil ASA ( STO), down 1.1%, PetroChina ( PTR), down 0.9% and Enbridge ( ENB), down 1.1%.

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

3. BP ( BP) is one of the companies pushing the Energy industry lower today. As of noon trading, BP is down $0.58 (-1.2%) to $48.21 on average volume. Thus far, 3.5 million shares of BP exchanged hands as compared to its average daily volume of 5.4 million shares. The stock has ranged in price between $48.15-$48.59 after having opened the day at $48.53 as compared to the previous trading day's close of $48.79.

BP p.l.c. provides fuel for transportation, energy for heat and light, lubricants to engines, and petrochemicals products. BP has a market cap of $151.7 billion and is part of the basic materials sector. Shares are up 0.4% year-to-date as of the close of trading on Thursday. Currently there are 5 analysts that rate BP a buy, 1 analyst rates it a sell, and 3 rate it a hold.

TheStreet Ratings rates BP as a buy. The company's strengths can be seen in multiple areas, such as its reasonable valuation levels, notable return on equity, solid stock price performance and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full BP 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, EOG Resources ( EOG) is down $1.89 (-1.0%) to $189.17 on average volume. Thus far, 827,877 shares of EOG Resources exchanged hands as compared to its average daily volume of 2.0 million shares. The stock has ranged in price between $188.20-$191.95 after having opened the day at $191.52 as compared to the previous trading day's close of $191.06.

EOG Resources, Inc., together with its subsidiaries, engages in the exploration, development, production, and marketing of crude oil and natural gas. EOG Resources has a market cap of $52.0 billion and is part of the basic materials sector. Shares are up 13.5% year-to-date as of the close of trading on Thursday. Currently there are 22 analysts that rate EOG Resources a buy, no analysts rate it a sell, and 5 rate it a hold.

TheStreet Ratings rates EOG Resources as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance, impressive record of earnings per share growth, compelling growth in net income and good cash flow from operations. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. Get the full EOG Resources 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, Halliburton Company ( HAL) is down $0.72 (-1.3%) to $56.20 on average volume. Thus far, 3.6 million shares of Halliburton Company exchanged hands as compared to its average daily volume of 9.3 million shares. The stock has ranged in price between $56.15-$57.12 after having opened the day at $57.12 as compared to the previous trading day's close of $56.92.

Halliburton Company provides a range of services and products for the exploration, development, and production of oil and natural gas to oil and gas companies worldwide. The company operates in two segments, Completion and Production, and Drilling and Evaluation. Halliburton Company has a market cap of $47.8 billion and is part of the basic materials sector. Shares are up 10.7% year-to-date as of the close of trading on Thursday. Currently there are 19 analysts that rate Halliburton Company a buy, 1 analyst rates it a sell, and 6 rate it a hold.

TheStreet Ratings rates Halliburton Company as a buy. The company's strengths can be seen in multiple areas, such as its increase in net income, revenue growth, largely solid financial position with reasonable debt levels by most measures, good cash flow from operations and solid stock price performance. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. Get the full Halliburton Company 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).

null

More from Markets

AMD Shares Explode After Solid Q1, Robust Outlook That Defies Chip Sector Gloom

AMD Shares Explode After Solid Q1, Robust Outlook That Defies Chip Sector Gloom

Stocks Rise, Nasdaq Jumps as Facebook Rallies

Stocks Rise, Nasdaq Jumps as Facebook Rallies

Facebook Stock Set for Biggest Gain in Two Years After Q1 Earnings Top Forecasts

Facebook Stock Set for Biggest Gain in Two Years After Q1 Earnings Top Forecasts

Earnings, Earnings and More Earnings - Your Midweek Update From Facebook to Ford

Earnings, Earnings and More Earnings - Your Midweek Update From Facebook to Ford

Veteran Foreign Affairs Expert Ian Bremmer Reveals How to Price Political Risk

Veteran Foreign Affairs Expert Ian Bremmer Reveals How to Price Political Risk