3 Stocks Dragging The Energy Industry Downward

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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.

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