3 Stocks Pushing The Energy Industry Lower

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 68 points (-0.4%) at 17,105 as of Tuesday, Sept. 23, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,162 issues advancing vs. 1,797 declining with 186 unchanged.

The Energy industry currently sits down 0.1% versus the S&P 500, which is down 0.2%. On the negative front, top decliners within the industry include Statoil ASA ( STO), down 2.6%, Ecopetrol ( EC), down 2.4%, TransCanada ( TRP), down 2.2%, Petroleo Brasileiro SA Petrobras ( PBR), down 2.0% and Royal Dutch Shell ( RDS.B), down 1.3%. A company within the industry that increased today was China Petroleum & Chemical ( SNP), up 0.6%.

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

3. Petroleo Brasileiro SA Petrobras ( PBR.A) is one of the companies pushing the Energy industry lower today. As of noon trading, Petroleo Brasileiro SA Petrobras is down $0.44 (-2.6%) to $16.62 on average volume. Thus far, 6.0 million shares of Petroleo Brasileiro SA Petrobras exchanged hands as compared to its average daily volume of 10.7 million shares. The stock has ranged in price between $16.49-$17.52 after having opened the day at $17.04 as compared to the previous trading day's close of $17.06.

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 $115.2 billion and is part of the basic materials sector. Shares are up 16.1% 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, attractive valuation levels and largely solid financial position with reasonable debt levels by most measures. 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.

2. As of noon trading, BP ( BP) is down $0.33 (-0.7%) to $45.80 on light volume. Thus far, 1.7 million shares of BP exchanged hands as compared to its average daily volume of 5.5 million shares. The stock has ranged in price between $45.77-$46.04 after having opened the day at $45.89 as compared to the previous trading day's close of $46.13.

BP p.l.c. provides fuel for transportation, energy for heat and light, lubricants to engines, and petrochemicals products worldwide. BP has a market cap of $141.6 billion and is part of the basic materials sector. Shares are down 5.1% year-to-date as of the close of trading on Monday. Currently there are 5 analysts that rate BP a buy, no analysts rate it a sell, and 6 rate it a hold.

TheStreet Ratings rates BP as a buy. The company's strengths can be seen in multiple areas, such as its increase in net income, attractive valuation levels, good cash flow from operations, largely solid financial position with reasonable debt levels by most measures 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 BP 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 $0.71 (-0.9%) to $78.97 on average volume. Thus far, 1.9 million shares of ConocoPhillips exchanged hands as compared to its average daily volume of 5.0 million shares. The stock has ranged in price between $78.95-$79.84 after having opened the day at $79.49 as compared to the previous trading day's close of $79.68.

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 $99.1 billion and is part of the basic materials sector. Shares are up 12.8% year-to-date as of the close of trading on Monday. Currently there are 9 analysts that rate ConocoPhillips a buy, 2 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 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 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).
null

If you liked this article you might like

Exxon Mobil Looking For Access to Brazil's Deep Water Resources
Week Ahead: Fireworks in Washington Steal the Show From Fed's Explanation Tour

Week Ahead: Fireworks in Washington Steal the Show From Fed's Explanation Tour

Trade-Ideas: Petroleo Brasileiro SA Petrobras (PBR.A) Is Today's "Dead Cat Bounce" Stock

Trade-Ideas: Petroleo Brasileiro SA Petrobras (PBR.A) Is Today's "Dead Cat Bounce" Stock

3 Stocks Improving Performance Of The Energy Industry

3 Stocks Improving Performance Of The Energy Industry

Petroleo Brasileiro SA Petrobras (PBR.A) Showing Signs Of A Dead Cat Bounce Today

Petroleo Brasileiro SA Petrobras (PBR.A) Showing Signs Of A Dead Cat Bounce Today