3 Stocks Pushing The Energy Industry Downward

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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.

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