5 Stocks Pulling The Energy Industry Downward
Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model
All three major indices are trading down today with the Dow Jones Industrial Average (^DJI) trading down 62 points (-0.4%) at 15,060 as of Wednesday, June 12, 2013, 12:50 PM ET. The NYSE advances/declines ratio sits at 760 issues advancing vs. 2,254 declining with 88 unchanged.
The Energy industry currently sits down 0.38 versus the S&P 500, which is down 0.61. On the negative front, top decliners within the industry include Eni SpA (E), down 1.06, PetroChina (PTR), down 0.99 and Ecopetrol S.A (EC), down 1.17.
TheStreet Ratings group would like to highlight 5 stocks pushing the industry lower today:
5. Canadian Natural Resources (CNQ) is one of the companies pushing the Energy industry lower today. As of noon trading, Canadian Natural Resources is down $0.62 (-2.1%) to $28.27 on average volume Thus far, 1.4 million shares of Canadian Natural Resources exchanged hands as compared to its average daily volume of 2.8 million shares. The stock has ranged in price between $28.17-$29.18 after having opened the day at $29.05 as compared to the previous trading day's close of $28.89.
Canadian Natural Resources Limited engages in the exploration, development, production and marketing of crude oil, natural gas liquids, and natural gas. Canadian Natural Resources has a market cap of $31.9 billion and is part of the basic materials sector. The company has a P/E ratio of 19.5, above the S&P 500 P/E ratio of 17.7. Shares are up 0.5% year to date as of the close of trading on Tuesday. Currently there are 9 analysts that rate Canadian Natural Resources a buy, no analysts rate it a sell, and 4 rate it a hold.
TheStreet Ratings rates Canadian Natural Resources as a hold. 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 and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including feeble growth in the company's earnings per share, deteriorating net income and disappointing return on equity. Get the full Canadian Natural Resources Ratings Report now.
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