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 traded up today with the

Dow Jones Industrial Average

(

^DJI

) trading up 275 points (1.6%) at 16,994 as of Wednesday, Oct. 8, 2014, 4:20 PM ET. The NYSE advances/declines ratio sits at 2,500 issues advancing vs. 612 declining with 106 unchanged.

The Energy industry as a whole closed the day down 0.4% versus the S&P 500, which was up 1.7%. Top gainers within the Energy industry included

Sonde Resources

(

SOQ

), up 5.3%,

CGG

(

CGG

), up 2.9%,

Adams Resources & Energy

(

AE

), up 1.6%,

FX Energy

(

FXEN

), up 9.3% and

World Point Terminals

(

WPT

), up 1.8%.

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

FX Energy

(

FXEN

) is one of the companies that pushed the Energy industry higher today. FX Energy was up $0.25 (9.3%) to $2.93 on heavy volume. Throughout the day, 454,047 shares of FX Energy exchanged hands as compared to its average daily volume of 201,100 shares. The stock ranged in a price between $2.59-$2.94 after having opened the day at $2.69 as compared to the previous trading day's close of $2.68.

FX Energy, Inc., an independent oil and gas exploration and production company, is engaged in the production, appraisal, and exploration of oil and gas properties in the United States and Poland. FX Energy has a market cap of $159.5 million and is part of the basic materials sector. Shares are down 26.8% year-to-date as of the close of trading on Tuesday. Currently there are 2 analysts who rate FX Energy a buy, no analysts rate it a sell, and none rate it a hold.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

TheStreet Ratings rates FX Energy as a

sell

. The company's weaknesses can be seen in multiple areas, such as its generally disappointing historical performance in the stock itself, weak operating cash flow and generally high debt management risk.

Highlights from TheStreet Ratings analysis on FXEN go as follows:

  • FXEN has underperformed the S&P 500 Index, declining 13.06% from its price level of one year ago. Looking ahead, other than the push or pull of the broad market, we do not see anything in the company's numbers that may help reverse the decline experienced over the past 12 months. Despite the past decline, the stock is still selling for more than most others in its industry.
  • Net operating cash flow has significantly decreased to -$0.69 million or 171.25% when compared to the same quarter last year. In addition, when comparing to the industry average, the firm's growth rate is much lower.
  • The debt-to-equity ratio of 1.20 is relatively high when compared with the industry average, suggesting a need for better debt level management. Despite the company's weak debt-to-equity ratio, the company has managed to keep a very strong quick ratio of 3.05, which shows the ability to cover short-term cash needs.
  • The company's current return on equity greatly increased when compared to its ROE from the same quarter one year prior. This is a signal of significant strength within the corporation. In comparison to the other companies in the Oil, Gas & Consumable Fuels industry and the overall market, FX ENERGY INC's return on equity is significantly below that of the industry average and is below that of the S&P 500.
  • FX ENERGY INC reported significant earnings per share improvement in the most recent quarter compared to the same quarter a year ago. This company has reported somewhat volatile earnings recently. But, we feel it is poised for EPS growth in the coming year. During the past fiscal year, FX ENERGY INC swung to a loss, reporting -$0.23 versus $0.08 in the prior year. This year, the market expects an improvement in earnings (-$0.11 versus -$0.23).

You can view the full analysis from the report here:

FX Energy Ratings Report

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

At the close,

CGG

(

CGG

) was up $0.24 (2.9%) to $8.58 on light volume. Throughout the day, 15,841 shares of CGG exchanged hands as compared to its average daily volume of 28,900 shares. The stock ranged in a price between $8.31-$8.58 after having opened the day at $8.46 as compared to the previous trading day's close of $8.34.

Compagnie Generale de Geophysique Veritas, SA provides geophysical equipment and geophysical services for the oil and gas exploration and production industry in North America, Central and South Americas, Europe, Africa, the Middle East, and the Asia Pacific. CGG has a market cap of $1.5 billion and is part of the basic materials sector. Shares are down 51.9% year-to-date as of the close of trading on Tuesday. Currently there are no analysts who rate CGG a buy, 1 analyst rates it a sell, and 1 rates it a hold.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

TheStreet Ratings rates CGG as a

sell

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

Highlights from TheStreet Ratings analysis on CGG go as follows:

  • The company, on the basis of change in net income from the same quarter one year ago, has significantly underperformed when compared to that of the S&P 500 and the Energy Equipment & Services industry. The net income has significantly decreased by 1035.5% when compared to the same quarter one year ago, falling from $34.90 million to -$326.50 million.
  • Return on equity has greatly decreased when compared to its ROE from the same quarter one year prior. This is a signal of major weakness within the corporation. Compared to other companies in the Energy Equipment & Services industry and the overall market, CGG's return on equity significantly trails that of both the industry average and the S&P 500.
  • Despite any intermediate fluctuations, we have only bad news to report on this stock's performance over the last year: it has tumbled by 62.25%, worse than the S&P 500's performance. Consistent with the plunge in the stock price, the company's earnings per share are down 1025.00% compared to the year-earlier quarter. Turning toward the future, the fact that the stock has come down in price over the past year should not necessarily be interpreted as a negative; it could be one of the factors that may help make the stock attractive down the road. Right now, however, we believe that it is too soon to buy.
  • CGG has experienced a steep decline in earnings per share in the most recent quarter in comparison to its performance from the same quarter a year ago. The company has reported a trend of declining earnings per share over the past two years. However, the consensus estimate suggests that this trend should reverse in the coming year. During the past fiscal year, CGG swung to a loss, reporting -$3.96 versus $0.47 in the prior year. This year, the market expects an improvement in earnings (-$0.36 versus -$3.96).
  • The revenue fell significantly faster than the industry average of 19.4%. Since the same quarter one year prior, revenues fell by 33.2%. Weakness in the company's revenue seems to have hurt the bottom line, decreasing earnings per share.

You can view the full analysis from the report here:

CGG Ratings Report

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

Sonde Resources

(

SOQ

) was another company that pushed the Energy industry higher today. Sonde Resources was up $0.01 (5.3%) to $0.12 on light volume. Throughout the day, 14,213 shares of Sonde Resources exchanged hands as compared to its average daily volume of 38,900 shares. The stock ranged in a price between $0.10-$0.12 after having opened the day at $0.10 as compared to the previous trading day's close of $0.11.

Sonde Resources has a market cap of $7.3 million and is part of the basic materials sector. Shares are down 81.2% year-to-date as of the close of trading on Tuesday.

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.