Energy Stocks On The Rise With Help From 3 Stocks
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 down today with the
Dow Jones Industrial Average
(
^DJI
) trading down 198 points (-1.1%) at 17,813 as of Wednesday, March 25, 2015, 12:55 PM ET. The NYSE advances/declines ratio sits at 951 issues advancing vs. 2,036 declining with 138 unchanged.
The Energy industry currently sits up 0.5% versus the S&P 500, which is down 0.9%. Top gainers within the industry include
(
), up 3.5%,
(
), up 3.3%,
(
), up 2.8%,
Petroleo Brasileiro SA Petrobras
(
), up 2.2% and
(
), up 2.0%.
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, Marathon Petroleum is up $2.23 (2.2%) to $103.93 on average volume. Thus far, 1.5 million shares of Marathon Petroleum exchanged hands as compared to its average daily volume of 3.3 million shares. The stock has ranged in price between $102.70-$104.86 after having opened the day at $102.75 as compared to the previous trading day's close of $101.70.
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Marathon Petroleum Corporation, together with its subsidiaries, engages in refining, marketing, retailing, and transporting petroleum products primarily in the United States. It operates through three segments: Refining & Marketing, Speedway, and Pipeline Transportation. Marathon Petroleum has a market cap of $28.0 billion and is part of the basic materials sector. Shares are up 12.7% year-to-date as of the close of trading on Tuesday. Currently there are 7 analysts who rate Marathon Petroleum a buy, no analysts rate it a sell, and 5 rate it a hold.
TheStreet Ratings rates
Marathon Petroleum
as a
. The company's strengths can be seen in multiple areas, such as its increase in stock price during the past year, impressive record of earnings per share growth, compelling growth in net income, attractive valuation levels and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company shows weak operating cash flow. Get the full
Marathon Petroleum Ratings Report
now.
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2. As of noon trading,
(
) is up $1.89 (2.4%) to $79.52 on average volume. Thus far, 1.7 million shares of Phillips 66 exchanged hands as compared to its average daily volume of 4.4 million shares. The stock has ranged in price between $78.33-$80.08 after having opened the day at $78.54 as compared to the previous trading day's close of $77.63.
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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 $42.7 billion and is part of the basic materials sector. Shares are up 8.3% year-to-date as of the close of trading on Tuesday. 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 has had lackluster performance in the stock itself. Get the full
now.
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1. As of noon trading,
(
) is up $0.45 (0.7%) to $63.00 on average volume. Thus far, 3.3 million shares of ConocoPhillips exchanged hands as compared to its average daily volume of 8.3 million shares. The stock has ranged in price between $62.66-$63.50 after having opened the day at $63.22 as compared to the previous trading day's close of $62.55.
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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 $77.9 billion and is part of the basic materials sector. Shares are down 9.4% 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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