EEP, ECA And COP, Pushing Energy Industry Downward

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 up 8 points (0.0%) at 16,964 as of Wednesday, July 2, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,180 issues advancing vs. 1,847 declining with 143 unchanged.

The Energy industry currently sits down 0.4% versus the S&P 500, which is unchanged. On the negative front, top decliners within the industry include Concho Resources ( CXO), down 1.9%, Ultrapar Participacoes ( UGP), down 1.9%, Pioneer Natural Resources ( PXD), down 1.7%, Continental Resources ( CLR), down 1.6% and Statoil ASA ( STO), down 1.2%. Top gainers within the industry include YPF Sociedad Anonima ( YPF), up 2.1%, Marathon Petroleum ( MPC), up 1.6%, China Petroleum & Chemical ( SNP), up 0.7% and Phillips 66 ( PSX), up 0.5%.

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

3. Enbridge Energy Partners ( EEP) is one of the companies pushing the Energy industry lower today. As of noon trading, Enbridge Energy Partners is down $1.57 (-4.2%) to $35.41 on heavy volume. Thus far, 993,910 shares of Enbridge Energy Partners exchanged hands as compared to its average daily volume of 900,400 shares. The stock has ranged in price between $35.18-$36.78 after having opened the day at $36.51 as compared to the previous trading day's close of $36.98.

Enbridge Energy Partners, L.P. owns and operates crude oil and liquid petroleum transportation and storage assets; and natural gas gathering, treating, processing, transportation, and marketing assets in the United States. It operates through three segments: Liquids, Natural Gas, and Marketing. Enbridge Energy Partners has a market cap of $9.4 billion and is part of the basic materials sector. Shares are up 23.8% year-to-date as of the close of trading on Tuesday. Currently there are 2 analysts that rate Enbridge Energy Partners a buy, 2 analysts rate it a sell, and 7 rate it a hold.

TheStreet Ratings rates Enbridge Energy Partners as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, increase in net income, good cash flow from operations, increase in stock price during the past year and growth in earnings per share. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated. Get the full Enbridge Energy Partners Ratings Report now.

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