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 53 points (0.3%) at 17,715 as of Wednesday, March 11, 2015, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,670 issues advancing vs. 1,290 declining with 158 unchanged.
The Energy industry currently is unchanged today versus the S&P 500, which is up 0.2%. Top gainers within the industry include
(
), up 3.7%,
Petroleo Brasileiro SA Petrobras
(
), up 2.2%,
(
), up 1.3%,
(
), up 1.0% and
(
), up 0.9%. On the negative front, top decliners within the industry include
(
), down 7.0%,
(
), down 2.2%,
Magellan Midstream Partners L.P
(
), down 2.0%,
(
), down 1.5% and
(
), down 1.3%.
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, Occidental Petroleum is up $0.46 (0.6%) to $74.28 on light volume. Thus far, 1.3 million shares of Occidental Petroleum exchanged hands as compared to its average daily volume of 5.5 million shares. The stock has ranged in price between $73.56-$74.46 after having opened the day at $73.62 as compared to the previous trading day's close of $73.82.
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Occidental Petroleum Corporation engages in the acquisition, exploration, and development of oil and gas properties in the United States and internationally. The company operates in three segments: Oil and Gas; Chemical; and Midstream, Marketing and Other. Occidental Petroleum has a market cap of $57.6 billion and is part of the basic materials sector. Shares are down 8.4% year-to-date as of the close of trading on Tuesday. Currently there are 9 analysts who rate Occidental Petroleum a buy, 1 analyst rates it a sell, and 6 rate it a hold.
TheStreet Ratings rates
Occidental Petroleum
as a
. Get the full
Occidental Petroleum Ratings Report
now.
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2. As of noon trading,
(
) is up $0.52 (0.6%) to $86.71 on light volume. Thus far, 1.8 million shares of EOG Resources exchanged hands as compared to its average daily volume of 5.6 million shares. The stock has ranged in price between $85.88-$86.95 after having opened the day at $86.50 as compared to the previous trading day's close of $86.19.
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EOG Resources, Inc., together with its subsidiaries, explores for, develops, produces, and markets crude oil and natural gas. EOG Resources has a market cap of $48.1 billion and is part of the basic materials sector. Shares are down 6.4% year-to-date as of the close of trading on Tuesday. Currently there are 16 analysts who rate EOG Resources a buy, 2 analysts rate it a sell, and 7 rate it a hold.
TheStreet Ratings rates
EOG Resources
as a
. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, good cash flow from operations, notable return on equity and expanding profit margins. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. Get the full
now.
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1. As of noon trading,
(
) is up $0.68 (1.1%) to $61.56 on light volume. Thus far, 2.9 million shares of ConocoPhillips exchanged hands as compared to its average daily volume of 8.8 million shares. The stock has ranged in price between $60.81-$61.61 after having opened the day at $60.99 as compared to the previous trading day's close of $60.87.
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.
ConocoPhillips explores for, produces, transports, and markets crude oil, bitumen, natural gas, liquefied natural gas, and natural gas liquids worldwide. ConocoPhillips has a market cap of $76.3 billion and is part of the basic materials sector. Shares are down 10.3% year-to-date as of the close of trading on Tuesday. Currently there are 9 analysts who rate ConocoPhillips a buy, 1 analyst rates it a sell, and 5 rate it a hold.
TheStreet Ratings rates
ConocoPhillips
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, reasonable valuation levels 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
(
).
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