3 Energy Stocks Nudging The 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 down today with the
Dow Jones Industrial Average
(
^DJI
) trading down 124 points (-0.7%) at 18,164 as of Tuesday, March 3, 2015, 11:55 AM ET. The NYSE advances/declines ratio sits at 944 issues advancing vs. 2,000 declining with 194 unchanged.
The Energy industry currently sits up 0.6% versus the S&P 500, which is down 0.8%. A company within the industry that increased today was
(
), up 1.7%. On the negative front, top decliners within the industry include
(
), down 0.7%, and
(
), down 0.7%.
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, Suncor Energy is up $0.43 (1.4%) to $29.99 on light volume. Thus far, 1.5 million shares of Suncor Energy exchanged hands as compared to its average daily volume of 5.4 million shares. The stock has ranged in price between $29.42-$30.00 after having opened the day at $29.64 as compared to the previous trading day's close of $29.56.
Suncor Energy Inc., together with its subsidiaries, operates as an integrated energy company. Suncor Energy has a market cap of $43.7 billion and is part of the basic materials sector. Shares are down 7.0% year-to-date as of the close of trading on Monday. Currently there are 6 analysts who rate Suncor Energy a buy, no analysts rate it a sell, and 6 rate it a hold.
TheStreet Ratings rates
Suncor Energy
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 reasonable valuation levels. 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.
2. As of noon trading,
(
) is up $0.24 (0.6%) to $41.54 on light volume. Thus far, 2.7 million shares of BP exchanged hands as compared to its average daily volume of 9.1 million shares. The stock has ranged in price between $41.22-$41.55 after having opened the day at $41.24 as compared to the previous trading day's close of $41.30.
BP p.l.c. provides fuel for transportation, energy for heat and light, lubricants to engines, and petrochemicals products worldwide. BP has a market cap of $126.5 billion and is part of the basic materials sector. Shares are up 8.3% year-to-date as of the close of trading on Monday. Currently there are 6 analysts who rate BP a buy, no analysts rate it a sell, and 6 rate it a hold.
TheStreet Ratings rates
BP
as a
. The company's strengths can be seen in multiple areas, such as its good cash flow from operations and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, deteriorating net income and disappointing return on equity. Get the full
now.
1. As of noon trading,
(
) is up $4.63 (3.0%) to $159.38 on average volume. Thus far, 997,646 shares of Pioneer Natural Resources exchanged hands as compared to its average daily volume of 2.5 million shares. The stock has ranged in price between $155.01-$160.09 after having opened the day at $155.16 as compared to the previous trading day's close of $154.75.
Pioneer Natural Resources Company engages in the exploration and production of oil and gas in the United States. The company produces and sells oil, natural gas liquids (NGLs), and gas. Pioneer Natural Resources has a market cap of $22.7 billion and is part of the basic materials sector. Shares are up 4.0% year-to-date as of the close of trading on Monday. Currently there are 17 analysts who rate Pioneer Natural Resources a buy, 1 analyst rates it a sell, and 10 rate it a hold.
TheStreet Ratings rates
Pioneer Natural Resources
as a
. The company's strengths can be seen in multiple areas, such as its revenue growth, compelling growth in net income and expanding profit margins. However, as a counter to these strengths, we find that the stock has had a generally disappointing performance in the past year. Get the full
Pioneer Natural Resources Ratings Report
now.
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
(
).
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