3 Stocks Boosting The Energy Industry Higher

TheStreet highlights 3 stocks pushing the energy industry higher today.
By TheStreet Wire ,

All three major indices are trading down today with the

Dow Jones Industrial Average

(

^DJI

) trading down 44 points (-0.2%) at 17,874 as of Wednesday, Nov. 4, 2015, 11:55 AM ET. The NYSE advances/declines ratio sits at 1,080 issues advancing vs. 1,836 declining with 168 unchanged.

The Energy industry currently sits down 1.1% versus the S&P 500, which is down 0.4%. Top gainers within the industry include

Cheniere Energy

(

LNG

), up 2.6%,

Valero Energy

(

VLO

), up 2.3%,

Phillips 66

(

PSX

), up 1.2% and

PetroChina

(

PTR

), up 0.5%. On the negative front, top decliners within the industry include

Plains GP Holdings

(

PAGP

), down 19.3%,

Plains All American Pipeline

(

PAA

), down 9.5%,

Petroleo Brasileiro SA Petrobras

(

PBR.A

), down 5.6%,

Baker Hughes

(

BHI

), down 4.7% and

Noble Energy

(

NBL

), down 3.1%.

TheStreet would like to highlight 3 stocks pushing the industry higher today:

3.

Range Resources

(

RRC

) is one of the companies pushing the Energy industry higher today. As of noon trading, Range Resources is up $2.61 (8.4%) to $33.60 on heavy volume. Thus far, 4.6 million shares of Range Resources exchanged hands as compared to its average daily volume of 4.4 million shares. The stock has ranged in price between $32.76-$35.00 after having opened the day at $34.98 as compared to the previous trading day's close of $30.99.

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Range Resources Corporation, an independent natural gas, natural gas liquids (NGLs), and oil company, engages in the acquisition, exploration, and development of natural gas and oil properties in the United States. Range Resources has a market cap of $5.3 billion and is part of the basic materials sector. Shares are down 42.0% year-to-date as of the close of trading on Tuesday. Currently there are 14 analysts who rate Range Resources a buy, no analysts rate it a sell, and 6 rate it a hold.

TheStreet Ratings rates

Range Resources

as a

sell

. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, 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

Range Resources Ratings Report

now.

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2. As of noon trading,

Devon Energy

(

DVN

) is up $1.26 (2.8%) to $46.48 on heavy volume. Thus far, 5.2 million shares of Devon Energy exchanged hands as compared to its average daily volume of 5.4 million shares. The stock has ranged in price between $45.92-$47.84 after having opened the day at $46.50 as compared to the previous trading day's close of $45.22.

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Devon Energy Corporation, an independent energy company, primarily engages in the exploration, development, and production of oil, natural gas, and natural gas liquids (NGLs) in the United States and Canada. Devon Energy has a market cap of $17.7 billion and is part of the basic materials sector. Shares are down 26.1% year-to-date as of the close of trading on Tuesday. Currently there are 15 analysts who rate Devon Energy a buy, 1 analyst rates it a sell, and 3 rate it a hold.

TheStreet Ratings rates

Devon Energy

as a

sell

. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, disappointing return on equity, weak operating cash flow, generally disappointing historical performance in the stock itself and feeble growth in its earnings per share. Get the full

Devon Energy Ratings Report

now.

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1. As of noon trading,

Tesoro

(

TSO

) is up $2.16 (1.9%) to $114.69 on light volume. Thus far, 756,124 shares of Tesoro exchanged hands as compared to its average daily volume of 2.6 million shares. The stock has ranged in price between $112.18-$114.95 after having opened the day at $112.99 as compared to the previous trading day's close of $112.53.

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Tesoro Corporation, through its subsidiaries, engages in petroleum refining and marketing activities in the United States. It operates in three segments: Refining, Tesoro Logistics LP (TLLP), and Retail. Tesoro has a market cap of $13.4 billion and is part of the basic materials sector. Shares are up 51.4% year-to-date as of the close of trading on Tuesday. Currently there are 5 analysts who rate Tesoro a buy, no analysts rate it a sell, and 7 rate it a hold.

TheStreet Ratings rates

Tesoro

as a

buy

. The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth, compelling growth in net income, notable return on equity and attractive valuation levels. We feel its strengths outweigh the fact that the company shows low profit margins. Get the full

Tesoro Ratings Report

now.

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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

Energy Select Sector SPDR

(

XLE

) while those bearish on the energy industry could consider

Proshares Short Oil & Gas

(

DDG

).

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