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

All three major indices are trading down today with the Dow Jones Industrial Average (^DJI) trading down 25 points (-0.2%) at 14,513 as of Friday, March 15, 2013, 12:49 PM ET. The NYSE advances/declines ratio sits at 1,309 issues advancing vs. 1,578 declining with 140 unchanged.

The Energy industry currently sits up 0.5% versus the S&P 500, which is down 0.1%. Top gainers within the industry include Imperial Oil (IMO), up 1.9%, Petroleo Brasileiro SA Petrobras (PBR), up 1.7% and Valero Energy Corporation (VLO), up 1.7%. On the negative front, top decliners within the industry include PetroChina (PTR), down 1.3%, and Royal Dutch Shell (RDS.A), down 0.6%.

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

5. Enbridge (ENB) is one of the companies pushing the Energy industry higher today. As of noon trading, Enbridge is up $0.51 (1.1%) to $45.73 on average volume Thus far, 316,963 shares of Enbridge exchanged hands as compared to its average daily volume of 670,500 shares. The stock has ranged in price between $44.87-$45.77 after having opened the day at $45.15 as compared to the previous trading day's close of $45.22.

Enbridge Inc. operates as an energy transportation and distribution company in the United States and Canada. Its Liquids Pipelines segment operates common carrier and contract crude oil, natural gas liquids (NGL), and refined products pipelines and terminals. Enbridge has a market cap of $35.9 billion and is part of the basic materials sector. The company has a P/E ratio of 56.4, above the S&P 500 P/E ratio of 17.7. Shares are up 4.4% year to date as of the close of trading on Thursday. Currently there are 9 analysts that rate Enbridge a buy, no analysts rate it a sell, and none rate it a hold.

TheStreet Ratings rates Enbridge as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, good cash flow from operations and solid stock price performance. 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 generally higher debt management risk. Get the full Enbridge Ratings Report now.

It's Official: Action Alerts PLUS beats the S&P 500 with Dividends Reinvested! Cramer and Link were up 16.72% in 2012. Were you? See what they are trading for 14-days FREE

1 2 3 4 5 Next › Last »

 

For more information on Suncor Energy Inc click any of the following:

• Suncor Energy Inc Stock Price

• Suncor Energy Inc Analyst Ratings

• Suncor Energy Inc Key Stats & Profile

• Suncor Energy Inc Earnings

• Suncor Energy Inc Ratio Comparison

• Suncor Energy Inc Growth Rates

• Suncor Energy Inc Balance Sheet

• Suncor Energy Inc Cash Flow

• Suncor Energy Inc Income Statement