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 45 points (0.3%) at 16,697 as of Thursday, Aug. 14, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 2,017 issues advancing vs. 963 declining with 158 unchanged.

The Energy industry currently is unchanged today versus the S&P 500, which is up 0.3%. On the negative front, top decliners within the industry include Ecopetrol ( EC), down 2.5%, Pioneer Natural Resources ( PXD), down 0.9%, PetroChina ( PTR), down 1.0%, Halliburton ( HAL), down 1.0% and China Petroleum & Chemical ( SNP), down 0.8%. Top gainers within the industry include Ultrapar Participacoes ( UGP), up 1.7%, Kinder Morgan Energy Partners ( KMP), up 1.8%, Energy Transfer Equity ( ETE), up 1.4%, Enterprise Products Partners ( EPD), up 1.3% and Royal Dutch Shell ( RDS.A), up 0.5%.

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

3. Hess ( HES) is one of the companies pushing the Energy industry lower today. As of noon trading, Hess is down $0.77 (-0.8%) to $98.35 on light volume. Thus far, 862,617 shares of Hess exchanged hands as compared to its average daily volume of 2.3 million shares. The stock has ranged in price between $98.32-$99.45 after having opened the day at $99.39 as compared to the previous trading day's close of $99.12.

Hess Corporation, an exploration and production company, develops, produces, purchases, transports, and sells crude oil and natural gas worldwide. The company operates through 722 wells. As of December 31, 2013, it had total proved reserves of 1,437 million barrels of oil equivalent. Hess has a market cap of $30.5 billion and is part of the basic materials sector. Shares are up 19.4% year-to-date as of the close of trading on Wednesday. Currently there are 5 analysts that rate Hess a buy, no analysts rate it a sell, and 10 rate it a hold.

TheStreet Ratings rates Hess as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, largely solid financial position with reasonable debt levels by most measures, attractive valuation levels and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full Hess Ratings Report now.

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