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.

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, Encana ( ECA) is down $0.38 (-1.6%) to $23.32 on average volume. Thus far, 2.1 million shares of Encana exchanged hands as compared to its average daily volume of 4.5 million shares. The stock has ranged in price between $22.67-$23.61 after having opened the day at $23.56 as compared to the previous trading day's close of $23.71.

Encana Corporation, together with its subsidiaries, is engaged in exploration for, development, production, and marketing of natural gas, oil, and natural gas liquids in Canada and the United States. Encana has a market cap of $17.6 billion and is part of the basic materials sector. Shares are up 31.4% year-to-date as of the close of trading on Tuesday. Currently there are 7 analysts that rate Encana a buy, 1 analyst rates it a sell, and 8 rate it a hold.

TheStreet Ratings rates Encana as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, impressive record of earnings per share growth, compelling growth in net income, good cash flow from operations and expanding profit margins. 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 Encana 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, ConocoPhillips ( COP) is down $0.63 (-0.7%) to $85.48 on light volume. Thus far, 1.7 million shares of ConocoPhillips exchanged hands as compared to its average daily volume of 5.5 million shares. The stock has ranged in price between $85.31-$85.98 after having opened the day at $85.81 as compared to the previous trading day's close of $86.11.

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 $105.3 billion and is part of the basic materials sector. Shares are up 21.9% year-to-date as of the close of trading on Tuesday. Currently there are 7 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 the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. 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.

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).

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