3 Stocks Underperforming Today In The Energy Industry

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Two out of the three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading down 3 points (0.0%) at 16,578 as of Thursday, May 1, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,778 issues advancing vs. 1,187 declining with 180 unchanged.

The Energy industry currently sits down 0.2% versus the S&P 500, which is up 0.1%. On the negative front, top decliners within the industry include Ecopetrol ( EC), down 3.1%, Cenovus Energy ( CVE), down 2.1%, Total ( TOT), down 0.9%, EOG Resources ( EOG), down 0.7% and Exxon Mobil Corporation ( XOM), down 0.6%. Top gainers within the industry include Marathon Petroleum ( MPC), up 3.1%, Valero Energy ( VLO), up 1.9%, Energy Transfer Partners ( ETP), up 1.5% and China Petroleum & Chemical ( SNP), up 1.0%.

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

3. Seadrill ( SDRL) is one of the companies pushing the Energy industry lower today. As of noon trading, Seadrill is down $0.63 (-1.8%) to $34.59 on light volume. Thus far, 1.5 million shares of Seadrill exchanged hands as compared to its average daily volume of 4.7 million shares. The stock has ranged in price between $34.51-$35.18 after having opened the day at $35.16 as compared to the previous trading day's close of $35.22.

Seadrill Limited, an offshore drilling contractor, provides offshore drilling services to the oil and gas industry worldwide. The company operates in three segments: Floaters, Jack-up Rigs, and Tender Rigs. Seadrill has a market cap of $16.5 billion and is part of the basic materials sector. The company has a P/E ratio of 6.0, below the S&P 500 P/E ratio of 17.7. Shares are down 14.3% year-to-date as of the close of trading on Wednesday. Currently there are 4 analysts that rate Seadrill a buy, 2 analysts rate it a sell, and 5 rate it a hold.

TheStreet Ratings rates Seadrill as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, notable return on equity, expanding profit margins, good cash flow from operations and compelling growth in net income. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated. Get the full Seadrill Ratings Report now.

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