3 Stocks Pushing 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 down today with the Dow Jones Industrial Average ( ^DJI) trading down 77 points (-0.4%) at 17,034 as of Tuesday, Sept. 9, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 824 issues advancing vs. 2,132 declining with 162 unchanged.

The Energy industry currently sits down 0.2% versus the S&P 500, which is down 0.3%. On the negative front, top decliners within the industry include Petroleo Brasileiro SA Petrobras ( PBR), down 2.1%, China Petroleum & Chemical ( SNP), down 0.6% and PetroChina ( PTR), down 0.5%.

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

3. Continental Resources ( CLR) is one of the companies pushing the Energy industry lower today. As of noon trading, Continental Resources is down $2.01 (-1.3%) to $150.95 on average volume. Thus far, 488,634 shares of Continental Resources exchanged hands as compared to its average daily volume of 809,200 shares. The stock has ranged in price between $150.66-$154.40 after having opened the day at $153.04 as compared to the previous trading day's close of $152.96.

Continental Resources, Inc. is engaged in the exploration, development, and production of crude oil and natural gas properties in the north, south, and east regions of the United States. Continental Resources has a market cap of $29.5 billion and is part of the basic materials sector. Shares are up 35.9% year-to-date as of the close of trading on Monday. Currently there are 13 analysts that rate Continental Resources a buy, no analysts rate it a sell, and 10 rate it a hold.

TheStreet Ratings rates Continental Resources as a buy. The company's strengths can be seen in multiple areas, such as its good cash flow from operations, solid stock price performance 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 Continental 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, Petroleo Brasileiro SA Petrobras ( PBR.A) is down $0.45 (-2.3%) to $18.79 on average volume. Thus far, 6.6 million shares of Petroleo Brasileiro SA Petrobras exchanged hands as compared to its average daily volume of 9.4 million shares. The stock has ranged in price between $18.76-$19.43 after having opened the day at $19.27 as compared to the previous trading day's close of $19.24.

Petroleo Brasileiro S.A. - Petrobras operates as an integrated oil and gas company in Brazil and internationally. Petroleo Brasileiro SA Petrobras has a market cap of $132.2 billion and is part of the basic materials sector. Shares are up 31.0% year-to-date as of the close of trading on Monday.

TheStreet Ratings rates Petroleo Brasileiro SA Petrobras as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance and attractive valuation levels. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and poor profit margins. Get the full Petroleo Brasileiro SA Petrobras 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, Chevron ( CVX) is down $0.86 (-0.7%) to $125.35 on average volume. Thus far, 3.4 million shares of Chevron exchanged hands as compared to its average daily volume of 5.2 million shares. The stock has ranged in price between $124.26-$125.79 after having opened the day at $124.49 as compared to the previous trading day's close of $126.21.

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 $241.9 billion and is part of the basic materials sector. Shares are up 1.0% year-to-date as of the close of trading on Monday. 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 net income and increase in stock price during the past year. 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.

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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