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5 Energy Stocks Moving The Industry Upward

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 down today with the Dow Jones Industrial Average ( ^DJI) trading down 58 points (-0.4%) at 15,461 as of Wednesday, Aug. 7, 2013, 12:50 PM ET. The NYSE advances/declines ratio sits at 785 issues advancing vs. 2,161 declining with 94 unchanged.

The Energy industry currently sits down 0.9% versus the S&P 500, which is down 0.4%. A company within the industry that increased today was EOG Resources ( EOG), up 2.2%. On the negative front, top decliners within the industry include Ecopetrol S.A ( EC), down 1.8%, Chesapeake Energy ( CHK), down 2.3%, Enbridge ( ENB), down 2.1%, Cenovus Energy ( CVE), down 1.8% and PetroChina ( PTR), down 1.4%.

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

5. Tenaris ( TS) is one of the companies pushing the Energy industry higher today. As of noon trading, Tenaris is up $0.77 (1.7%) to $45.19 on average volume. Thus far, 643,349 shares of Tenaris exchanged hands as compared to its average daily volume of 1.1 million shares. The stock has ranged in price between $44.40-$45.33 after having opened the day at $44.47 as compared to the previous trading day's close of $44.42.

Tenaris S.A., through its subsidiaries, engages in the steel pipe manufacturing and distribution activities. Tenaris has a market cap of $26.2 billion and is part of the industrial goods sector. Shares are up 6.0% year to date as of the close of trading on Tuesday. Currently there are 4 analysts that rate Tenaris a buy, no analysts rate it a sell, and 7 rate it a hold.

TheStreet Ratings rates Tenaris 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, expanding profit margins, 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 Tenaris Ratings Report now.

3x UPSIDE POTENTIAL: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

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