5 Stocks Pushing The Energy Industry Higher

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

Two out of the three major indices are trading lower today with the Dow Jones Industrial Average (^DJI) trading up 15 points (0.1%) at 12,980 as of Tuesday, Dec. 4, 2012, 11:49 AM ET. The NYSE advances/declines ratio sits at 1,319 issues advancing vs. 1,553 declining with 162 unchanged.

The Energy industry currently sits down 0.4% versus the S&P 500, which is down 0.1%. A company within the industry that increased today was PetroChina (PTR), up 1.0%. On the negative front, top decliners within the industry include Seadrill (SDRL), down 4.3%, Enterprise Products Partners (EPD), down 0.9%, Occidental Petroleum Corporation (OXY), down 0.7%, Imperial Oil (IMO), down 0.7% and BP (BP), down 0.6%.

TheStreet Ratings group would like to highlight 5 stocks pushing the industry higher today:

5. Eni SpA (E) is one of the companies pushing the Energy industry higher today. As of noon trading, Eni SpA is up $0.42 (0.9%) to $47.57 on light volume Thus far, 212,221 shares of Eni SpA exchanged hands as compared to its average daily volume of 578,000 shares. The stock has ranged in price between $47.36-$47.62 after having opened the day at $47.50 as compared to the previous trading day's close of $47.15.

Eni SpA, an integrated energy company, engages in the exploration, production, transportation, transformation, and marketing of oil and natural gas. Eni SpA has a market cap of $85.9 billion and is part of the basic materials sector. The company has a P/E ratio of 4.8, below the S&P 500 P/E ratio of 17.7. Shares are up 14.2% year to date as of the close of trading on Monday. Currently there are 4 analysts that rate Eni SpA a buy, no analysts rate it a sell, and 2 rate it a hold.

TheStreet Ratings rates Eni SpA as a buy. The company's strengths can be seen in multiple areas, such as its reasonable valuation levels, increase in stock price during the past year and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full Eni SpA Ratings Report now.

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