3 Stocks Pushing The Energy Industry Downward

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 76 points (0.5%) at 16,332 as of Wednesday, April 9, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,886 issues advancing vs. 1,057 declining with 161 unchanged.

The Energy industry currently sits up 0.5% versus the S&P 500, which is up 0.5%. On the negative front, top decliners within the industry include Diamond Offshore Drilling ( DO), down 4.8%, Petroleo Brasileiro SA Petrobras ( PBR.A), down 2.0% and Ecopetrol S.A ( EC), down 1.0%. Top gainers within the industry include China Petroleum & Chemical Corporation ( SNP), up 3.1%, Energy Transfer Equity ( ETE), up 3.0%, Valero Energy Corporation ( VLO), up 1.8%, ConocoPhillips ( COP), up 1.3% and Total ( TOT), up 1.2%.

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

3. Transocean ( RIG) is one of the companies pushing the Energy industry lower today. As of noon trading, Transocean is down $1.11 (-2.6%) to $40.92 on average volume. Thus far, 3.7 million shares of Transocean exchanged hands as compared to its average daily volume of 5.5 million shares. The stock has ranged in price between $40.76-$42.52 after having opened the day at $42.52 as compared to the previous trading day's close of $42.03.

Transocean Ltd., together with its subsidiaries, provides offshore contract drilling services for oil and gas wells worldwide. The company provides deepwater and harsh environment drilling, oil and gas drilling management, and drilling engineering and drilling project management services. Transocean has a market cap of $14.9 billion and is part of the basic materials sector. Shares are down 14.9% year-to-date as of the close of trading on Tuesday. Currently there are 5 analysts that rate Transocean a buy, 4 analysts rate it a sell, and 14 rate it a hold.

TheStreet Ratings rates Transocean as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, attractive valuation levels and largely solid financial position with reasonable debt levels by most measures. 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 Transocean 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 $1.79 (-2.1%) to $83.39 on average volume. Thus far, 2.2 million shares of Apache Corporation exchanged hands as compared to its average daily volume of 3.0 million shares. The stock has ranged in price between $82.59-$84.75 after having opened the day at $84.63 as compared to the previous trading day's close of $85.18.

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 $33.1 billion and is part of the basic materials sector. Shares are down 0.9% year-to-date as of the close of trading on Tuesday. 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 hold. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, reasonable valuation levels and good cash flow from operations. However, as a counter to these strengths, we find that the growth in the company's net income has been quite unimpressive. 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 $0.28 (-2.0%) to $13.64 on heavy volume. Thus far, 22.9 million shares of Petroleo Brasileiro SA Petrobras exchanged hands as compared to its average daily volume of 23.4 million shares. The stock has ranged in price between $13.43-$13.93 after having opened the day at $13.65 as compared to the previous trading day's close of $13.92.

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 $92.7 billion and is part of the basic materials sector. Shares are up 1.0% year-to-date as of the close of trading on Tuesday. 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 poor profit margins, weak operating cash flow and a generally disappointing performance in the stock itself. 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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