3 Stocks Pushing The Energy Industry Lower

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All three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading up 146 points (0.9%) at 16,972 as of Tuesday, July 1, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 2,159 issues advancing vs. 828 declining with 170 unchanged.

The Energy industry currently sits up 0.1% versus the S&P 500, which is up 0.8%. On the negative front, top decliners within the industry include Chesapeake Energy ( CHK), down 6.3%, and Kinder Morgan ( KMI), down 0.7%. Top gainers within the industry include YPF Sociedad Anonima ( YPF), up 4.0%, Cheniere Energy ( LNG), up 2.3%, Imperial Oil ( IMO), up 0.7%, PetroChina ( PTR), up 0.7% and Statoil ASA ( STO), up 0.6%.

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

3. Western Gas Equity Partners ( WGP) is one of the companies pushing the Energy industry lower today. As of noon trading, Western Gas Equity Partners is down $1.83 (-2.9%) to $60.87 on heavy volume. Thus far, 4.1 million shares of Western Gas Equity Partners exchanged hands as compared to its average daily volume of 97,800 shares. The stock has ranged in price between $60.40-$61.10 after having opened the day at $60.50 as compared to the previous trading day's close of $62.70.

Western Gas Equity Partners, LP is engaged in gathering, processing, compressing, treating, and transporting natural gas, condensate, natural gas liquids, and crude oil in the United States. Western Gas Equity Partners has a market cap of $13.6 billion and is part of the basic materials sector. Shares are up 58.7% year-to-date as of the close of trading on Monday. Currently there are 7 analysts that rate Western Gas Equity Partners a buy, no analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates Western Gas Equity Partners as a sell. The company's weaknesses can be seen in multiple areas, such as its weak operating cash flow and generally high debt management risk. Get the full Western Gas Equity Partners Ratings Report now.

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