3 Stocks Pulling 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 down today with the Dow Jones Industrial Average ( ^DJI) trading down 4 points (0.0%) at 16,511 as of Wednesday, April 23, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,718 issues advancing vs. 1,280 declining with 133 unchanged.

The Energy industry currently sits up 0.7% versus the S&P 500, which is down 0.1%. A company within the industry that fell today was Ecopetrol ( EC), up 0.9%. Top gainers within the industry include FMC Technologies ( FTI), up 5.1%, Suncor Energy ( SU), up 2.9%, Halliburton ( HAL), up 2.4%, EOG Resources ( EOG), up 2.0% and Cenovus Energy ( CVE), up 1.5%.

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

3. China Petroleum & Chemical ( SNP) is one of the companies pushing the Energy industry lower today. As of noon trading, China Petroleum & Chemical is down $0.75 (-0.8%) to $92.03 on light volume. Thus far, 52,045 shares of China Petroleum & Chemical exchanged hands as compared to its average daily volume of 240,800 shares. The stock has ranged in price between $91.52-$92.30 after having opened the day at $92.30 as compared to the previous trading day's close of $92.78.

China Petroleum & Chemical Corporation, an energy and chemical company, through its subsidiaries, is engaged in the oil and gas, and chemical operations in the People's Republic of China. China Petroleum & Chemical has a market cap of $105.0 billion and is part of the basic materials sector. Shares are up 12.9% year-to-date as of the close of trading on Tuesday. Currently there is 1 analyst that rates China Petroleum & Chemical a buy, no analysts rate it a sell, and 2 rate it a hold.

TheStreet Ratings rates China Petroleum & Chemical as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, attractive valuation levels, good cash flow from operations and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. Get the full China Petroleum & Chemical Ratings Report now.

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