3 Energy Stocks Moving The Industry Upward
All three major indices are trading down today with the
Dow Jones Industrial Average
(
^DJI
) trading down 11 points (-0.1%) at 17,856 as of Thursday, Nov. 5, 2015, 11:55 AM ET. The NYSE advances/declines ratio sits at 1,091 issues advancing vs. 1,846 declining with 161 unchanged.
The Energy industry currently sits down 0.7% versus the S&P 500, which is down 0.3%. A company within the industry that increased today was
(
), up 1.7%. On the negative front, top decliners within the industry include
(
), down 3.0%,
(
), down 2.2%,
(
), down 1.9%,
(
), down 1.4% 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, Canadian Natural Resources is up $1.54 (6.3%) to $25.81 on average volume. Thus far, 3.3 million shares of Canadian Natural Resources exchanged hands as compared to its average daily volume of 5.2 million shares. The stock has ranged in price between $24.11-$26.24 after having opened the day at $24.43 as compared to the previous trading day's close of $24.27.
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Canadian Natural Resources Limited acquires, explores for, develops, produces, markets, and sells crude oil, natural gas, and natural gas liquids (NGLs). The company offers light and medium crude oil, primary heavy crude oil, Pelican Lake heavy crude oil, bitumen, and synthetic crude oil (SCO). Canadian Natural Resources has a market cap of $26.8 billion and is part of the basic materials sector. Shares are down 21.4% year-to-date as of the close of trading on Wednesday. Currently there are 9 analysts who rate Canadian Natural Resources a buy, no analysts rate it a sell, and none rate it a hold.
TheStreet Ratings rates
Canadian Natural Resources
as a
. The company's strengths can be seen in multiple areas, such as its reasonable valuation levels, largely solid financial position with reasonable debt levels by most measures and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and weak operating cash flow. Get the full
Canadian Natural Resources Ratings Report
now.
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2. As of noon trading,
(
) is up $1.56 (4.7%) to $34.76 on average volume. Thus far, 3.2 million shares of Continental Resources exchanged hands as compared to its average daily volume of 4.6 million shares. The stock has ranged in price between $32.34-$35.02 after having opened the day at $32.82 as compared to the previous trading day's close of $33.20.
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Continental Resources, Inc. explores, develops, and produces crude oil and natural gas properties in the north, south, and east regions of the United States. Continental Resources has a market cap of $12.8 billion and is part of the basic materials sector. Shares are down 13.4% year-to-date as of the close of trading on Wednesday. Currently there are 10 analysts who rate Continental Resources a buy, 1 analyst rates it a sell, and 9 rate it a hold.
TheStreet Ratings rates
Continental Resources
as a
. Among the primary strengths of the company is its expanding profit margins over time. At the same time, however, we also find weaknesses including deteriorating net income, generally higher debt management risk and disappointing return on equity. Get the full
Continental Resources Ratings Report
now.
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1. As of noon trading,
(
) is up $2.74 (4.5%) to $63.16 on heavy volume. Thus far, 3.6 million shares of Hess exchanged hands as compared to its average daily volume of 3.3 million shares. The stock has ranged in price between $60.21-$63.76 after having opened the day at $60.41 as compared to the previous trading day's close of $60.42.
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.
Hess Corporation, an exploration and production company, develops, produces, purchases, transports, and sells crude oil, natural gas liquids, and natural gas. Hess has a market cap of $17.3 billion and is part of the basic materials sector. Shares are down 18.1% year-to-date as of the close of trading on Wednesday. Currently there are 6 analysts who rate Hess a buy, no analysts rate it a sell, and 5 rate it a hold.
TheStreet Ratings rates
Hess
as a
. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures and expanding profit margins. 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 disappointing return on equity. Get the full
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
(
).