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TheStreet Open House
EXCLUSIVE OFFER: Jim Cramer's Protégé, Dave Peltier, only buys Stock Under $10 that he thinks could potentially double or triple in the next 6 to 12-months. See what he's trading today with a 14-day FREE pass.

5 Stocks Raising The Energy Industry Higher

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 111 points (0.7%) at 16,536 as of Tuesday, Jan. 7, 2014, 11:55 AM ET. The NYSE advances/declines ratio sits at 2,084 issues advancing vs. 856 declining with 147 unchanged.

The Energy industry currently sits up 0.4% versus the S&P 500, which is up 0.6%. Top gainers within the industry include Cheniere Energy ( LNG), up 4.7%, Devon Energy ( DVN), up 2.4%, Suncor Energy ( SU), up 1.0%, Royal Dutch Shell PLC ADR Class A ( RDS.A), up 0.8% and Statoil ASA ( STO), up 0.6%.

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

5. BP ( BP) is one of the companies pushing the Energy industry higher today. As of noon trading, BP is up $0.54 (1.1%) to $48.54 on heavy volume. Thus far, 4.8 million shares of BP exchanged hands as compared to its average daily volume of 5.3 million shares. The stock has ranged in price between $48.32-$48.63 after having opened the day at $48.52 as compared to the previous trading day's close of $48.00.

BP p.l.c. provides fuel for transportation, energy for heat and light, lubricants to engines, and petrochemicals products. BP has a market cap of $150.3 billion and is part of the basic materials sector. The company has a P/E ratio of 13.1, below the S&P 500 P/E ratio of 17.7. Shares are down 1.2% year to date as of the close of trading on Monday. Currently there are 5 analysts that rate BP a buy, 1 analyst rates it a sell, and 3 rate it a hold.

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