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.

All three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading up 84 points (0.5%) at 17,140 as of Wednesday, Sept. 24, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,536 issues advancing vs. 1,417 declining with 186 unchanged.

The Energy industry currently sits down 0.5% versus the S&P 500, which is up 0.4%. On the negative front, top decliners within the industry include Halliburton ( HAL), down 2.1%, ConocoPhillips ( COP), down 1.4% and Schlumberger ( SLB), down 0.8%.

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

3. Suncor Energy ( SU) is one of the companies pushing the Energy industry lower today. As of noon trading, Suncor Energy is down $0.61 (-1.6%) to $36.65 on heavy volume. Thus far, 2.2 million shares of Suncor Energy exchanged hands as compared to its average daily volume of 2.8 million shares. The stock has ranged in price between $36.51-$37.21 after having opened the day at $37.12 as compared to the previous trading day's close of $37.26.

Suncor Energy Inc., together with its subsidiaries, operates as an integrated energy company. Suncor Energy has a market cap of $54.9 billion and is part of the basic materials sector. Shares are up 6.3% year-to-date as of the close of trading on Tuesday. Currently there are 11 analysts that rate Suncor Energy a buy, no analysts rate it a sell, and 2 rate it a hold.

TheStreet Ratings rates Suncor Energy 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, reasonable valuation levels, increase in stock price during the past year and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full Suncor Energy 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 $1.81 (-1.5%) to $121.25 on heavy volume. Thus far, 3.8 million shares of Chevron exchanged hands as compared to its average daily volume of 4.9 million shares. The stock has ranged in price between $120.85-$123.07 after having opened the day at $123.04 as compared to the previous trading day's close of $123.06.

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 $234.5 billion and is part of the basic materials sector. Shares are down 1.5% year-to-date as of the close of trading on Tuesday. Currently there are 7 analysts that rate Chevron a buy, 2 analysts rate it a sell, and 5 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, 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 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 $0.83 (-0.9%) to $95.20 on average volume. Thus far, 5.3 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 $94.84-$95.94 after having opened the day at $95.87 as compared to the previous trading day's close of $96.03.

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 $411.7 billion and is part of the basic materials sector. Shares are down 5.1% year-to-date as of the close of trading on Tuesday. Currently there are 7 analysts that rate Exxon Mobil Corporation a buy, 2 analysts rate it a sell, and 7 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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