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 137 points (0.8%) at 16,460 as of Monday, March 31, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 2,329 issues advancing vs. 681 declining with 134 unchanged.

The Energy industry currently sits up 0.4% versus the S&P 500, which is up 0.9%. On the negative front, top decliners within the industry include Continental Resources ( CLR), down 1.9%, Concho Resources ( CXO), down 1.8%, Range Resources Corporation ( RRC), down 1.8%, Chesapeake Energy ( CHK), down 1.3% and Energy Transfer Partners L.P ( ETP), down 1.2%. Top gainers within the industry include YPF Sociedad Anonima ( YPF), up 2.3%, Cenovus Energy ( CVE), up 1.1%, Spectra Energy ( SE), up 0.8%, Tenaris ( TS), up 0.8% and TransCanada ( TRP), up 0.7%.

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

3. Baker Hughes ( BHI) is one of the companies pushing the Energy industry lower today. As of noon trading, Baker Hughes is down $0.48 (-0.7%) to $64.80 on light volume. Thus far, 1.4 million shares of Baker Hughes exchanged hands as compared to its average daily volume of 4.6 million shares. The stock has ranged in price between $64.59-$65.75 after having opened the day at $65.61 as compared to the previous trading day's close of $65.27.

Baker Hughes Incorporated supplies oilfield services, products, technology, and systems to the oil and natural gas industry worldwide. Baker Hughes has a market cap of $27.7 billion and is part of the basic materials sector. Shares are up 18.1% year-to-date as of the close of trading on Friday. Currently there are 15 analysts that rate Baker Hughes a buy, no analysts rate it a sell, and 10 rate it a hold.

TheStreet Ratings rates Baker Hughes as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, good cash flow from operations, solid stock price performance and growth in earnings per share. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. Get the full Baker Hughes 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, Pioneer Natural Resources Company ( PXD) is down $1.46 (-0.8%) to $187.39 on light volume. Thus far, 532,511 shares of Pioneer Natural Resources Company exchanged hands as compared to its average daily volume of 1.8 million shares. The stock has ranged in price between $186.57-$190.00 after having opened the day at $189.91 as compared to the previous trading day's close of $188.85.

Pioneer Natural Resources Company operates as an independent oil and gas exploration and production company in the United States. The company produces and sells oil, natural gas liquids (NGL), and gas. Pioneer Natural Resources Company has a market cap of $26.5 billion and is part of the basic materials sector. Shares are up 2.6% year-to-date as of the close of trading on Friday. Currently there are 16 analysts that rate Pioneer Natural Resources Company a buy, no analysts rate it a sell, and 8 rate it a hold.

TheStreet Ratings rates Pioneer Natural Resources Company as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and feeble growth in the company's earnings per share. Get the full Pioneer Natural Resources 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.

1. As of noon trading, Halliburton Company ( HAL) is down $0.50 (-0.8%) to $58.96 on average volume. Thus far, 3.2 million shares of Halliburton Company exchanged hands as compared to its average daily volume of 8.6 million shares. The stock has ranged in price between $58.83-$59.99 after having opened the day at $59.91 as compared to the previous trading day's close of $59.46.

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 $49.4 billion and is part of the basic materials sector. Shares are up 17.2% year-to-date as of the close of trading on Friday. Currently there are 20 analysts that rate Halliburton Company a buy, 1 analyst rates it a sell, and 5 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 revenue growth, largely solid financial position with reasonable debt levels by most measures, good cash flow from operations, solid stock price performance and growth in earnings per share. 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).
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