NOV, EOG And HAL, 3 Energy Stocks Pushing The Industry Lower

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 down today with the Dow Jones Industrial Average ( ^DJI) trading down 25 points (-0.1%) at 16,936 as of Monday, July 28, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,030 issues advancing vs. 1,900 declining with 205 unchanged.

The Energy industry currently sits down 1.0% versus the S&P 500, which is down 0.2%. On the negative front, top decliners within the industry include YPF Sociedad Anonima ( YPF), down 4.0%, Seadrill ( SDRL), down 2.8%, Canadian Natural Resources ( CNQ), down 1.5%, Energy Transfer Equity ( ETE), down 1.4% and PetroChina ( PTR), down 1.2%.

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

3. National Oilwell Varco ( NOV) is one of the companies pushing the Energy industry lower today. As of noon trading, National Oilwell Varco is down $1.27 (-1.5%) to $83.90 on average volume. Thus far, 2.1 million shares of National Oilwell Varco exchanged hands as compared to its average daily volume of 3.4 million shares. The stock has ranged in price between $83.79-$85.20 after having opened the day at $85.17 as compared to the previous trading day's close of $85.17.

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 $36.7 billion and is part of the basic materials sector. Shares are up 7.1% year-to-date as of the close of trading on Friday. 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.

2. As of noon trading, EOG Resources ( EOG) is down $1.59 (-1.4%) to $113.23 on light volume. Thus far, 1.1 million shares of EOG Resources exchanged hands as compared to its average daily volume of 3.1 million shares. The stock has ranged in price between $113.00-$115.02 after having opened the day at $114.90 as compared to the previous trading day's close of $114.82.

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 $63.5 billion and is part of the basic materials sector. Shares are up 36.8% year-to-date as of the close of trading on Friday. Currently there are 22 analysts that rate EOG Resources a buy, no analysts rate it a sell, and 5 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 the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. 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, Halliburton ( HAL) is down $1.08 (-1.5%) to $72.33 on light volume. Thus far, 2.1 million shares of Halliburton exchanged hands as compared to its average daily volume of 6.0 million shares. The stock has ranged in price between $72.13-$73.16 after having opened the day at $73.06 as compared to the previous trading day's close of $73.41.

Halliburton Company provides a range of services and products for the exploration, development, and production of oil and natural gas to oil and gas companies worldwide. The company operates in two segments, Completion and Production, and Drilling and Evaluation. Halliburton has a market cap of $62.0 billion and is part of the basic materials sector. Shares are up 44.6% year-to-date as of the close of trading on Friday. Currently there are 21 analysts that rate Halliburton a buy, 1 analyst rates it a sell, and 4 rate it a hold.

TheStreet Ratings rates Halliburton as a buy. The company's strengths can be seen in multiple areas, such as its compelling growth in net income, revenue growth, solid stock price performance, impressive record of earnings per share growth and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company shows weak operating cash flow. Get the full Halliburton 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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