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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.

Two out of the three major indices are trading lower today with the Dow Jones Industrial Average ( ^DJI) trading down 57 points (-0.3%) at 16,357 as of Wednesday, Jan. 22, 2014, 11:55 AM ET. The NYSE advances/declines ratio sits at 1,698 issues advancing vs. 1,213 declining with 185 unchanged.

The Energy industry currently sits up 0.4% versus the S&P 500, which is down 0.1%. Top gainers within the industry include Southwestern Energy Company ( SWN), up 3.4%, Anadarko Petroleum ( APC), up 2.4%, Petroleo Brasileiro SA Petrobras ( PBR), up 1.6%, Royal Dutch Shell ( RDS.B), up 1.2% and Halliburton Company ( HAL), up 0.8%. On the negative front, top decliners within the industry include Penn West Petroleum ( PWE), down 8.4%, Schlumberger ( SLB), down 0.6% and Statoil ASA ( STO), down 0.6%.

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

5. Cabot Oil & Gas Corporation ( COG) is one of the companies pushing the Energy industry higher today. As of noon trading, Cabot Oil & Gas Corporation is up $0.99 (2.5%) to $40.08 on average volume. Thus far, 2.6 million shares of Cabot Oil & Gas Corporation exchanged hands as compared to its average daily volume of 5.3 million shares. The stock has ranged in price between $39.57-$40.62 after having opened the day at $39.57 as compared to the previous trading day's close of $39.09.

Cabot Oil & Gas Corporation, an independent oil and gas company, engages in the development, exploitation, exploration, production, and marketing of natural gas, crude oil, and natural gas liquids in the United States. Cabot Oil & Gas Corporation has a market cap of $15.8 billion and is part of the basic materials sector. The company has a P/E ratio of 65.8, above the S&P 500 P/E ratio of 17.7. Shares are up 0.8% year-to-date as of the close of trading on Tuesday. Currently there are 16 analysts who rate Cabot Oil & Gas Corporation a buy, no analysts rate it a sell, and 5 rate it a hold.

TheStreet Ratings rates Cabot Oil & Gas Corporation as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, impressive record of earnings per share growth, compelling growth in net income, expanding profit margins and good cash flow from operations. We feel these strengths outweigh the fact that the company is trading at a premium valuation based on our review of its current price compared to such things as earnings and book value. Get the full Cabot Oil & Gas Corporation 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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