NBL, RIG And NOV, 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.

All three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading up 7 points (0.0%) at 17,094 as of Thursday, July 24, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,609 issues advancing vs. 1,334 declining with 169 unchanged.

The Energy industry currently sits up 0.2% versus the S&P 500, which is up 0.1%. On the negative front, top decliners within the industry include Magellan Midstream Partners L.P ( MMP), down 2.0%, Ecopetrol ( EC), down 1.6% and Petroleo Brasileiro SA Petrobras ( PBR.A), down 1.4%. Top gainers within the industry include EQT ( EQT), up 4.3%, YPF Sociedad Anonima ( YPF), up 2.9%, Phillips 66 ( PSX), up 1.8%, Valero Energy ( VLO), up 1.3% and PetroChina ( PTR), up 1.2%.

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

3. Noble Energy ( NBL) is one of the companies pushing the Energy industry lower today. As of noon trading, Noble Energy is down $2.40 (-3.2%) to $71.81 on heavy volume. Thus far, 4.5 million shares of Noble Energy exchanged hands as compared to its average daily volume of 1.8 million shares. The stock has ranged in price between $69.83-$72.82 after having opened the day at $70.23 as compared to the previous trading day's close of $74.21.

Noble Energy, Inc., an independent energy company, is engaged in the exploration and production of crude oil and natural gas properties worldwide. Noble Energy has a market cap of $27.5 billion and is part of the basic materials sector. Shares are up 9.0% year-to-date as of the close of trading on Wednesday. Currently there are 14 analysts that rate Noble Energy a buy, no analysts rate it a sell, and 8 rate it a hold.

TheStreet Ratings rates Noble Energy 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, good cash flow from operations, expanding profit margins and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. Get the full Noble Energy 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, Transocean ( RIG) is down $0.90 (-2.1%) to $42.38 on average volume. Thus far, 3.1 million shares of Transocean exchanged hands as compared to its average daily volume of 4.4 million shares. The stock has ranged in price between $42.17-$42.97 after having opened the day at $42.94 as compared to the previous trading day's close of $43.28.

Transocean Ltd., together with its subsidiaries, provides offshore contract drilling services for oil and gas wells worldwide. The company provides deepwater and harsh environment drilling, oil and gas drilling management, and drilling engineering and drilling project management services. Transocean has a market cap of $16.1 billion and is part of the basic materials sector. Shares are down 12.4% year-to-date as of the close of trading on Wednesday. Currently there are 3 analysts that rate Transocean a buy, 3 analysts rate it a sell, and 15 rate it a hold.

TheStreet Ratings rates Transocean as a buy. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income, revenue growth, attractive valuation levels and expanding profit margins. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. Get the full Transocean 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, National Oilwell Varco ( NOV) is down $0.71 (-0.8%) to $85.47 on light volume. Thus far, 1.2 million shares of National Oilwell Varco exchanged hands as compared to its average daily volume of 3.5 million shares. The stock has ranged in price between $85.46-$86.41 after having opened the day at $86.13 as compared to the previous trading day's close of $86.18.

National Oilwell Varco, Inc. provides equipment and components for oil and gas drilling and production; oilfield services; and supply chain integration services to the upstream oil and gas industry worldwide. National Oilwell Varco has a market cap of $36.6 billion and is part of the basic materials sector. Shares are up 8.4% year-to-date as of the close of trading on Wednesday. Currently there are 11 analysts that rate National Oilwell Varco a buy, 1 analyst rates it a sell, and 6 rate it a hold.

TheStreet Ratings rates National Oilwell Varco as a buy. The company's strengths can be seen in multiple areas, such as its increase in net income, revenue growth, largely solid financial position with reasonable debt levels by most measures, attractive valuation levels and solid stock price performance. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. Get the full National Oilwell Varco 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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