3 Energy Stocks Driving The Industry Higher
All three major indices are trading down today with the
Dow Jones Industrial Average
(
^DJI
) trading down 86 points (-0.5%) at 18,509 as of Thursday, July 21, 2016, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,295 issues advancing vs. 1,607 declining with 160 unchanged.
The Energy industry currently sits down 0.4% versus the S&P 500, which is down 0.3%. Top gainers within the industry include
(
), up 2.1%, and
(
), up 0.8%. On the negative front, top decliners within the industry include
(
), down 4.0%,
(
), down 1.5%,
(
), down 1.4%,
(
), down 1.3% and
(
), down 1.1%.
TheStreet would like to highlight 3 stocks pushing the industry higher today:
3.
(
) is one of the companies pushing the Energy industry higher today. As of noon trading, Encana is up $0.65 (8.2%) to $8.62 on heavy volume. Thus far, 16.1 million shares of Encana exchanged hands as compared to its average daily volume of 14.4 million shares. The stock has ranged in price between $8.06-$8.78 after having opened the day at $8.12 as compared to the previous trading day's close of $7.97.
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Encana Corporation, together with its subsidiaries, engages in the development, exploration, production, and marketing of natural gas, oil, and natural gas liquids in Canada and the United States. Encana has a market cap of $6.6 billion and is part of the basic materials sector. Shares are up 56.6% year-to-date as of the close of trading on Wednesday. Currently there are 5 analysts who rate Encana a buy, 3 analysts rate it a sell, and 7 rate it a hold.
TheStreet Ratings rates
Encana
as a
. The company's weaknesses can be seen in multiple areas, such as its generally high debt management risk, disappointing return on equity, weak operating cash flow and generally disappointing historical performance in the stock itself. Get the full
now.
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2. As of noon trading,
(
) is up $0.44 (1.8%) to $24.94 on average volume. Thus far, 2.1 million shares of Cabot Oil & Gas exchanged hands as compared to its average daily volume of 4.9 million shares. The stock has ranged in price between $24.36-$25.14 after having opened the day at $24.50 as compared to the previous trading day's close of $24.50.
EXCLUSIVE OFFER: See inside Jim Cramer's multi-million dollar charitable trust portfolio to see the stocks he thinks could be potential winners. Click here to see his holdings for 14-days FREE.
Cabot Oil & Gas Corporation, an independent oil and gas company, develops, exploits, explores for, produces, and markets natural gas, oil, and natural gas liquids in the United States. Cabot Oil & Gas has a market cap of $11.6 billion and is part of the basic materials sector. Shares are up 38.5% year-to-date as of the close of trading on Wednesday. Currently there are 10 analysts who rate Cabot Oil & Gas a buy, no analysts rate it a sell, and 10 rate it a hold.
TheStreet Ratings rates
Cabot Oil & Gas
as a
. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, weak operating cash flow, disappointing return on equity, generally disappointing historical performance in the stock itself and feeble growth in its earnings per share. Get the full
Cabot Oil & Gas Ratings Report
now.
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1. As of noon trading,
(
) is up $0.25 (5.3%) to $4.99 on heavy volume. Thus far, 39.8 million shares of Chesapeake Energy exchanged hands as compared to its average daily volume of 36.8 million shares. The stock has ranged in price between $4.88-$5.25 after having opened the day at $4.92 as compared to the previous trading day's close of $4.74.
EXCLUSIVE OFFER: See inside Jim Cramer's multi-million dollar charitable trust portfolio to see the stocks he thinks could be potential winners. Click here to see his holdings for 14-days FREE.
Chesapeake Energy Corporation engages in the acquisition, exploration, and development of properties for the production of oil, natural gas, and natural gas liquids (NGL) from underground reservoirs in the United States. Chesapeake Energy has a market cap of $3.1 billion and is part of the basic materials sector. Shares are up 5.3% year-to-date as of the close of trading on Wednesday. Currently there is 1 analyst who rates Chesapeake Energy a buy, 9 analysts rate it a sell, and 10 rate it a hold.
TheStreet Ratings rates
Chesapeake Energy
as a
. The company's weaknesses can be seen in multiple areas, such as its generally high debt management risk, disappointing return on equity, weak operating cash flow and generally disappointing historical performance in the stock itself. Get the full
Chesapeake Energy Ratings Report
now.
EXCLUSIVE OFFER: See inside Jim Cramer's multi-million dollar charitable trust portfolio to see the stocks he thinks could be potential winners. Click here to see his holdings for 14-days FREE.
If you are interested in one of these 3 stocks, ETFs may be of interest. Investors who are bullish on the energy industry could consider
(
) while those bearish on the energy industry could consider
(
).