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 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.

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, EOG Resources ( EOG) is down $2.14 (-1.8%) to $115.27 on average volume. Thus far, 1.6 million shares of EOG Resources exchanged hands as compared to its average daily volume of 3.5 million shares. The stock has ranged in price between $115.25-$117.45 after having opened the day at $117.19 as compared to the previous trading day's close of $117.41.

EOG Resources, Inc., together with its subsidiaries, explores for, develops, produces, and markets crude oil and natural gas. EOG Resources has a market cap of $64.5 billion and is part of the basic materials sector. Shares are up 39.9% year-to-date as of the close of trading on Monday. Currently there are 20 analysts that rate EOG Resources a buy, no analysts rate it a sell, and 4 rate it a hold.

TheStreet Ratings rates EOG Resources as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, impressive record of earnings per share growth, compelling growth in net income and good cash flow from operations. 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 EOG 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, Exxon Mobil Corporation ( XOM) is down $0.58 (-0.6%) to $103.80 on light volume. Thus far, 3.0 million shares of Exxon Mobil Corporation exchanged hands as compared to its average daily volume of 10.0 million shares. The stock has ranged in price between $103.76-$104.47 after having opened the day at $104.18 as compared to the previous trading day's close of $104.38.

Exxon Mobil Corporation explores and produces for crude oil and natural gas. As of December 31, 2013, the company had approximately 37,661 gross and 31,823 net operated wells. Exxon Mobil Corporation has a market cap of $447.5 billion and is part of the basic materials sector. Shares are up 3.1% year-to-date as of the close of trading on Monday. Currently there are 6 analysts that rate Exxon Mobil Corporation a buy, 1 analyst rates it a sell, and 8 rate it a hold.

TheStreet Ratings rates Exxon Mobil Corporation as a buy. The company's strengths can be seen in multiple areas, such as its attractive valuation levels, good cash flow from operations, increase in stock price during the past year and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company shows low profit margins. Get the full Exxon Mobil Corporation 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

Inside Carnival's Mind Blowing New Horizon Cruise Ship (Video)

Inside Carnival's Mind Blowing New Horizon Cruise Ship (Video)

Jim Cramer: The 10-Year Yield Could Go to 2.75%

Jim Cramer: The 10-Year Yield Could Go to 2.75%

Oil Slumps, Gas Spikes Ahead of Holiday Weekend; Assessing the Chipmakers--ICYMI

Oil Slumps, Gas Spikes Ahead of Holiday Weekend; Assessing the Chipmakers--ICYMI

Week Ahead: Wall Street Looks to Jobs Report as North Korea Meeting Less Certain

Week Ahead: Wall Street Looks to Jobs Report as North Korea Meeting Less Certain

Dow and S&P 500 Decline, Energy Shares Fall as U.S. Crude Oil Slides 4%

Dow and S&P 500 Decline, Energy Shares Fall as U.S. Crude Oil Slides 4%