3 Stocks Driving 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.
All three major indices are trading up today with the
Dow Jones Industrial Average
(
^DJI
) trading up 171 points (1.0%) at 18,028 as of Monday, March 9, 2015, 1:50 PM ET. The NYSE advances/declines ratio sits at 1,589 issues advancing vs. 1,440 declining with 142 unchanged.
The Energy industry currently sits down 0.6% versus the S&P 500, which is up 0.5%. Top gainers within the industry include
(
), up 2.4%,
(
), up 1.8%,
(
), up 1.3%,
(
), up 0.8% and
(
), up 0.5%. On the negative front, top decliners within the industry include
(
), down 4.2%,
(
), down 2.8%,
Petroleo Brasileiro SA Petrobras
(
), down 2.7%,
(
), down 2.3% and
(
), down 2.8%.
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, Phillips 66 is up $1.75 (2.3%) to $77.11 on light volume. Thus far, 1.7 million shares of Phillips 66 exchanged hands as compared to its average daily volume of 4.8 million shares. The stock has ranged in price between $75.44-$77.47 after having opened the day at $75.50 as compared to the previous trading day's close of $75.36.
Phillips 66 operates as an energy manufacturing and logistics company. It operates through four segments: Midstream, Chemicals, Refining, and Marketing and Specialties (M&S). Phillips 66 has a market cap of $41.8 billion and is part of the basic materials sector. Shares are up 5.1% year-to-date as of the close of trading on Friday. Currently there are 9 analysts who rate Phillips 66 a buy, no analysts rate it a sell, and 4 rate it a hold.
TheStreet Ratings rates
Phillips 66
as a
. The company's strengths can be seen in multiple areas, such as its compelling growth in net income, largely solid financial position with reasonable debt levels by most measures, attractive valuation levels, notable return on equity and impressive record of earnings per share growth. We feel these strengths outweigh the fact that the company shows weak operating cash flow. Get the full
now.
2. As of noon trading,
(
) is up $0.34 (0.4%) to $81.80 on light volume. Thus far, 1.8 million shares of Anadarko Petroleum exchanged hands as compared to its average daily volume of 5.9 million shares. The stock has ranged in price between $80.61-$82.78 after having opened the day at $81.42 as compared to the previous trading day's close of $81.46.
Anadarko Petroleum Corporation engages in the exploration, development, production, and marketing of oil and gas properties. It operates through three segments: Oil and Gas Exploration and Production; Midstream; and Marketing. Anadarko Petroleum has a market cap of $42.0 billion and is part of the basic materials sector. Shares are down 0.9% year-to-date as of the close of trading on Friday. Currently there are 18 analysts who rate Anadarko Petroleum a buy, no analysts rate it a sell, and 4 rate it a hold.
TheStreet Ratings rates
Anadarko Petroleum
as a
. The company's strengths can be seen in multiple areas, such as its increase in net income, largely solid financial position with reasonable debt levels by most measures and growth in earnings per share. However, as a counter to these strengths, we also find weaknesses including disappointing return on equity, weak operating cash flow and a generally disappointing performance in the stock itself. Get the full
Anadarko Petroleum Ratings Report
now.
1. As of noon trading,
(
) is up $1.43 (1.4%) to $104.98 on average volume. Thus far, 4.2 million shares of Chevron exchanged hands as compared to its average daily volume of 9.3 million shares. The stock has ranged in price between $103.50-$105.63 after having opened the day at $103.60 as compared to the previous trading day's close of $103.55.
Chevron Corporation, through its subsidiaries, engages in the petroleum, chemicals, and power and energy operations worldwide. The company operates in two segments, Upstream and Downstream. Chevron has a market cap of $196.9 billion and is part of the basic materials sector. Shares are down 7.7% year-to-date as of the close of trading on Friday. Currently there are 6 analysts who rate Chevron a buy, 1 analyst rates it a sell, and 7 rate it a hold.
TheStreet Ratings rates
Chevron
as a
. The company's strengths can be seen in multiple areas, such as its reasonable valuation levels and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including feeble growth in the company's earnings per share, disappointing return on equity and weak operating cash flow. Get the full
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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