3 Stocks Dragging In The Energy Industry

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One out of the three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading down 5 points (0.0%) at 16,932 as of Tuesday, June 24, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,934 issues advancing vs. 1,059 declining with 170 unchanged.

The Energy industry currently sits down 0.3% versus the S&P 500, which is up 0.2%. On the negative front, top decliners within the industry include Halliburton ( HAL), down 1.5%, Imperial Oil ( IMO), down 1.2%, Apache Corporation ( APA), down 1.0%, ConocoPhillips ( COP), down 0.7% and Statoil ASA ( STO), down 0.6%.

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

3. Pioneer Natural Resources ( PXD) is one of the companies pushing the Energy industry lower today. As of noon trading, Pioneer Natural Resources is down $3.12 (-1.3%) to $229.65 on light volume. Thus far, 422,083 shares of Pioneer Natural Resources exchanged hands as compared to its average daily volume of 1.3 million shares. The stock has ranged in price between $228.92-$234.20 after having opened the day at $232.80 as compared to the previous trading day's close of $232.77.

Pioneer Natural Resources Company operates as an independent oil and gas exploration and production company in the United States. The company produces and sells oil, natural gas liquids (NGL), and gas. Pioneer Natural Resources has a market cap of $33.2 billion and is part of the basic materials sector. Shares are up 26.5% year-to-date as of the close of trading on Monday. Currently there are 15 analysts that rate Pioneer Natural Resources a buy, no analysts rate it a sell, and 9 rate it a hold.

TheStreet Ratings rates Pioneer Natural Resources as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance and increase in net income. However, as a counter to these strengths, we find that the company's return on equity has been disappointing. Get the full Pioneer Natural Resources Ratings Report now.

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