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.

Two out of the three major indices are trading lower today with the Dow Jones Industrial Average ( ^DJI) trading down 67 points (-0.4%) at 17,031 as of Tuesday, Sept. 2, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,211 issues advancing vs. 1,801 declining with 159 unchanged.

The Energy industry currently sits down 0.9% versus the S&P 500, which is down 0.3%. On the negative front, top decliners within the industry include Canadian Natural Resources ( CNQ), down 2.8%, Continental Resources ( CLR), down 2.8%, National Oilwell Varco ( NOV), down 2.3%, Apache Corporation ( APA), down 2.1% and Suncor Energy ( SU), down 2.1%.

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

3. Schlumberger ( SLB) is one of the companies pushing the Energy industry lower today. As of noon trading, Schlumberger is down $1.80 (-1.6%) to $107.84 on average volume. Thus far, 3.2 million shares of Schlumberger exchanged hands as compared to its average daily volume of 5.6 million shares. The stock has ranged in price between $107.66-$109.66 after having opened the day at $109.63 as compared to the previous trading day's close of $109.64.

Schlumberger Limited, together with its subsidiaries, supplies technology, integrated project management, and information solutions to oil and gas exploration and production industries worldwide. It operates through three groups: Reservoir Characterization, Drilling, and Production. Schlumberger has a market cap of $142.1 billion and is part of the basic materials sector. Shares are up 21.7% year-to-date as of the close of trading on Friday. Currently there are 21 analysts that rate Schlumberger a buy, no analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates Schlumberger as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, notable return on equity, solid stock price performance and good cash flow from operations. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full Schlumberger 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, Chevron ( CVX) is down $1.86 (-1.4%) to $127.60 on light volume. Thus far, 1.9 million shares of Chevron exchanged hands as compared to its average daily volume of 5.1 million shares. The stock has ranged in price between $127.55-$129.38 after having opened the day at $129.19 as compared to the previous trading day's close of $129.45.

Chevron Corporation, through its subsidiaries, is engaged in petroleum, chemicals, mining, power generation, and energy operations worldwide. The company operates in two segments, Upstream and Downstream. Chevron has a market cap of $245.8 billion and is part of the basic materials sector. Shares are up 3.6% year-to-date as of the close of trading on Friday. Currently there are 7 analysts that rate Chevron a buy, 1 analyst rates it a sell, and 6 rate it a hold.

TheStreet Ratings rates Chevron as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, attractive valuation levels, largely solid financial position with reasonable debt levels by most measures, increase in stock price during the past year and increase in net income. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. Get the full Chevron 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, Exxon Mobil Corporation ( XOM) is down $1.38 (-1.4%) to $98.08 on light volume. Thus far, 3.3 million shares of Exxon Mobil Corporation exchanged hands as compared to its average daily volume of 9.2 million shares. The stock has ranged in price between $98.01-$99.59 after having opened the day at $99.44 as compared to the previous trading day's close of $99.46.

Exxon Mobil Corporation explores and produces for crude oil and natural gas. As of December 31, 2013, the company had approximately 37,661 gross and 31,823 net operated wells. Exxon Mobil Corporation has a market cap of $424.2 billion and is part of the basic materials sector. Shares are down 1.7% year-to-date as of the close of trading on Friday. Currently there are 8 analysts that rate Exxon Mobil Corporation a buy, 2 analysts rate it a sell, and 6 rate it a hold.

TheStreet Ratings rates Exxon Mobil Corporation as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, attractive valuation levels, good cash flow from operations, increase in net income and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company shows low profit margins. Get the full Exxon Mobil Corporation 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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