3 Stocks Underperforming Today 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.

Two out of the three major indices are trading lower today with the Dow Jones Industrial Average ( ^DJI) trading down 28 points (-0.2%) at 16,647 as of Wednesday, May 28, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,518 issues advancing vs. 1,472 declining with 153 unchanged.

The Energy industry currently is unchanged today versus the S&P 500, which is unchanged. On the negative front, top decliners within the industry include Transocean ( RIG), down 2.1%, Imperial Oil ( IMO), down 0.9%, Tenaris ( TS), down 0.8%, TransCanada ( TRP), down 0.7% and Ecopetrol ( EC), down 0.6%. Top gainers within the industry include Apache Corporation ( APA), up 1.6%, Noble Energy ( NBL), up 1.4%, China Petroleum & Chemical ( SNP), up 1.3%, Marathon Petroleum ( MPC), up 1.0% and Hess ( HES), up 1.0%.

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

3. Diamond Offshore Drilling ( DO) is one of the companies pushing the Energy industry lower today. As of noon trading, Diamond Offshore Drilling is down $1.44 (-2.8%) to $49.84 on average volume. Thus far, 856,944 shares of Diamond Offshore Drilling exchanged hands as compared to its average daily volume of 1.8 million shares. The stock has ranged in price between $49.52-$51.36 after having opened the day at $51.36 as compared to the previous trading day's close of $51.29.

Diamond Offshore Drilling, Inc. provides contract drilling services to the energy industry world wide. The company provides drilling services in ultra-deepwater, deepwater, and mid-water; and non-floater or jack-up markets. Diamond Offshore Drilling has a market cap of $6.9 billion and is part of the basic materials sector. Shares are down 11.4% year-to-date as of the close of trading on Tuesday. Currently there is 1 analyst that rates Diamond Offshore Drilling a buy, 7 analysts rate it a sell, and 10 rate it a hold.

TheStreet Ratings rates Diamond Offshore Drilling 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, good cash flow from operations and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including feeble growth in the company's earnings per share, deteriorating net income and disappointing return on equity. Get the full Diamond Offshore Drilling 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, Canadian Natural Resources ( CNQ) is down $0.22 (-0.5%) to $40.24 on light volume. Thus far, 615,448 shares of Canadian Natural Resources exchanged hands as compared to its average daily volume of 2.4 million shares. The stock has ranged in price between $39.98-$40.53 after having opened the day at $40.45 as compared to the previous trading day's close of $40.46.

Canadian Natural Resources Limited explores for, develops, produces, markets, and sells crude oil, natural gas liquids (NGLs), and natural gas in North America. Canadian Natural Resources has a market cap of $44.9 billion and is part of the basic materials sector. Shares are up 21.4% year-to-date as of the close of trading on Tuesday. Currently there are 9 analysts that rate Canadian Natural Resources a buy, no analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates Canadian Natural Resources as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, expanding profit margins, compelling growth in net income and impressive record of earnings per share growth. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. Get the full Canadian Natural 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 ( HAL) is down $0.50 (-0.8%) to $63.47 on light volume. Thus far, 2.3 million shares of Halliburton exchanged hands as compared to its average daily volume of 7.5 million shares. The stock has ranged in price between $63.09-$63.90 after having opened the day at $63.67 as compared to the previous trading day's close of $63.97.

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 has a market cap of $54.1 billion and is part of the basic materials sector. Shares are up 26.1% year-to-date as of the close of trading on Tuesday. Currently there are 20 analysts that rate Halliburton a buy, 1 analyst rates it a sell, and 4 rate it a hold.

TheStreet Ratings rates Halliburton as a buy. The company's strengths can be seen in multiple areas, such as its compelling growth in net income, revenue growth, solid stock price performance, good cash flow from operations and impressive record of earnings per share growth. We feel these strengths outweigh the fact that the company shows low profit margins. Get the full Halliburton 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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