3 Stocks Dragging The 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 174 points (1.0%) at 16,837 as of Monday, Aug. 18, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 2,451 issues advancing vs. 545 declining with 150 unchanged.

The Energy industry currently sits up 0.3% versus the S&P 500, which is up 0.8%. On the negative front, top decliners within the industry include Canadian Natural Resources ( CNQ), down 0.7%, and Statoil ASA ( STO), down 0.7%. Top gainers within the industry include YPF Sociedad Anonima ( YPF), up 3.8%, Petroleo Brasileiro SA Petrobras ( PBR), up 1.1%, PetroChina ( PTR), up 1.0%, BP ( BP), up 0.7% and Royal Dutch Shell ( RDS.A), up 0.5%.

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

3. EOG Resources ( EOG) is one of the companies pushing the Energy industry lower today. As of noon trading, EOG Resources is down $0.61 (-0.6%) to $105.48 on average volume. Thus far, 1.2 million shares of EOG Resources exchanged hands as compared to its average daily volume of 2.8 million shares. The stock has ranged in price between $104.66-$106.91 after having opened the day at $106.84 as compared to the previous trading day's close of $106.09.

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 $56.9 billion and is part of the basic materials sector. Shares are up 23.8% 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 revenue growth, growth in earnings per share, good cash flow from operations, solid stock price performance and increase in net income. 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.

2. As of noon trading, Kinder Morgan ( KMI) is down $0.42 (-1.0%) to $41.01 on heavy volume. Thus far, 15.2 million shares of Kinder Morgan exchanged hands as compared to its average daily volume of 8.7 million shares. The stock has ranged in price between $40.84-$41.28 after having opened the day at $41.16 as compared to the previous trading day's close of $41.43.

Kinder Morgan, Inc. operates as a midstream and energy company in North America. It operates through Natural Gas Pipelines, CO2 KMP, Products Pipelines KMP, Terminals KMP, Kinder Morgan Canada KMP, and Other segments. Kinder Morgan has a market cap of $41.0 billion and is part of the basic materials sector. Shares are up 10.8% year-to-date as of the close of trading on Friday. Currently there are 8 analysts that rate Kinder Morgan a buy, no analysts rate it a sell, and 3 rate it a hold.

TheStreet Ratings rates Kinder Morgan as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, good cash flow from operations, expanding profit margins, increase in net income and increase in stock price during the past year. 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 Kinder Morgan 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 $1.07 (-1.3%) to $79.55 on average volume. Thus far, 3.0 million shares of ConocoPhillips exchanged hands as compared to its average daily volume of 4.9 million shares. The stock has ranged in price between $79.50-$80.95 after having opened the day at $80.95 as compared to the previous trading day's close of $80.62.

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 $98.6 billion and is part of the basic materials sector. Shares are up 13.5% year-to-date as of the close of trading on Friday. Currently there are 8 analysts that rate ConocoPhillips a buy, 3 analysts rate it a sell, and 4 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, attractive valuation levels, increase in net income, largely solid financial position with reasonable debt levels by most measures 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 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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