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.

One out of the three major indices are trading lower today with the Dow Jones Industrial Average (^DJI) trading up 16 points (0.1%) at 16,733 as of Monday, June 2, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,394 issues advancing vs. 1,564 declining with 187 unchanged.

The Energy industry currently sits down 0.4% versus the S&P 500, which is unchanged. A company within the industry that fell today was Ultrapar Participacoes (UGP), up 3.3%. Top gainers within the industry include Energy Transfer Equity (ETE), up 1.3%, China Petroleum & Chemical (SNP), up 1.4% and PetroChina (PTR), up 0.6%.

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

3. National Oilwell Varco (NOV) is one of the companies pushing the Energy industry lower today due to the spinoff its distribution business, NOW Inc under ticker symbol (DNOW). As of noon trading, National Oilwell Varco is down $7.87 (-9.6%) to $74.00 on average volume. Thus far, 2.0 million shares of National Oilwell Varco exchanged hands as compared to its average daily volume of 3.7 million shares. The stock has ranged in price between $73.79-$75.30 after having opened the day at $74.70 as compared to the previous trading day's close of $81.87.

National Oilwell Varco, Inc. provides equipment and components for oil and gas drilling and production; oilfield services; and supply chain integration services to the upstream oil and gas industry worldwide. National Oilwell Varco has a market cap of $35.2 billion and is part of the basic materials sector. Shares are up 2.9% year-to-date as of the close of trading on Friday. Currently there are 11 analysts that rate National Oilwell Varco a buy, 1 analyst rates it a sell, and 6 rate it a hold.

TheStreet Ratings rates National Oilwell Varco as a buy. The company's strengths can be seen in multiple areas, such as its increase in stock price during the past year, revenue growth, largely solid financial position with reasonable debt levels by most measures, attractive valuation levels 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 National Oilwell Varco 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, ConocoPhillips (COP) is down $0.49 (-0.6%) to $79.45 on average volume. Thus far, 2.4 million shares of ConocoPhillips exchanged hands as compared to its average daily volume of 5.6 million shares. The stock has ranged in price between $79.05-$80.55 after having opened the day at $80.25 as compared to the previous trading day's close of $79.94.

ConocoPhillips explores for, develops, and produces crude oil, bitumen, natural gas, liquefied natural gas, and natural gas liquids worldwide. ConocoPhillips has a market cap of $97.7 billion and is part of the basic materials sector. Shares are up 13.2% year-to-date as of the close of trading on Friday. Currently there are 5 analysts that rate ConocoPhillips a buy, 2 analysts rate it a sell, and 6 rate it a hold.

TheStreet Ratings rates ConocoPhillips as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, attractive valuation levels, good cash flow from operations and growth in earnings per share. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. Get the full ConocoPhillips 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, Chevron (CVX) is down $0.74 (-0.6%) to $122.05 on light volume. Thus far, 1.5 million shares of Chevron exchanged hands as compared to its average daily volume of 5.8 million shares. The stock has ranged in price between $122.04-$123.04 after having opened the day at $122.93 as compared to the previous trading day's close of $122.79.

Chevron Corporation, through its subsidiaries, is engaged in petroleum, chemicals, mining, power generation, and energy operations worldwide. The company operates in two segments, Upstream and Downstream. Chevron has a market cap of $232.9 billion and is part of the basic materials sector. Shares are down 1.7% year-to-date as of the close of trading on Friday. Currently there are 8 analysts that rate Chevron a buy, no analysts rate it a sell, and 5 rate it a hold.

TheStreet Ratings rates Chevron as a buy. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, attractive valuation levels and good cash flow from operations. We feel these strengths outweigh the fact that the company has had somewhat weak growth in earnings per share. Get the full Chevron 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).

null

More from Markets

AMD Shares Surge After Solid Q1, Robust Outlook Defies Chip Sector Gloom

AMD Shares Surge After Solid Q1, Robust Outlook Defies Chip Sector Gloom

Facebook Stock Set for Biggest Gain in Two Years After Q1 Earnings Top Forecasts

Facebook Stock Set for Biggest Gain in Two Years After Q1 Earnings Top Forecasts

Facebook, Amazon, Microsoft and Ford - 5 Things You Must Know

Facebook, Amazon, Microsoft and Ford - 5 Things You Must Know

Global Stocks Mixed, U.S. Futures Soften as Earnings, Oil, Rates Cloud Sentiment

Global Stocks Mixed, U.S. Futures Soften as Earnings, Oil, Rates Cloud Sentiment

European Automakers Gain on Reports China Mulling Auto Tariff Reduction

European Automakers Gain on Reports China Mulling Auto Tariff Reduction