3 Stocks Driving The Energy Industry Higher - TheStreet

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.

One out of the three major indices are trading lower today with the

Dow Jones Industrial Average

(

^DJI

) trading down 14 points (-0.1%) at 17,796 as of Monday, Nov. 24, 2014, 1:00 PM ET. The NYSE advances/declines ratio sits at 1,731 issues advancing vs. 1,243 declining with 202 unchanged.

The Energy industry currently sits down 0.7% versus the S&P 500, which is up 0.2%. A company within the industry that increased today was

Statoil ASA

(

STO

), up 0.1%. On the negative front, top decliners within the industry include

Plains All American Pipeline

(

PAA

), down 1.6%,

Ecopetrol

(

EC

), down 2.4%,

Pioneer Natural Resources

(

PXD

), down 2.3%,

Canadian Natural Resources

(

CNQ

), down 1.9% and

Suncor Energy

(

SU

), down 1.9%.

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

3.

Occidental Petroleum

(

OXY

) is one of the companies pushing the Energy industry higher today. As of noon trading, Occidental Petroleum is up $0.52 (0.6%) to $88.12 on average volume. Thus far, 2.6 million shares of Occidental Petroleum exchanged hands as compared to its average daily volume of 4.9 million shares. The stock has ranged in price between $87.72-$88.77 after having opened the day at $88.54 as compared to the previous trading day's close of $87.60.

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

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 $67.4 billion and is part of the basic materials sector. Shares are down 7.9% year-to-date as of the close of trading on Friday. Currently there are 9 analysts who rate Occidental Petroleum a buy, 1 analyst rates it a sell, and 7 rate it a hold.

TheStreet Ratings rates

Occidental Petroleum

as a

buy

. The company's strengths can be seen in multiple areas, such as its expanding profit margins, largely solid financial position with reasonable debt levels by most measures and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full

Occidental Petroleum Ratings Report

now.

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

2. As of noon trading,

Kinder Morgan

(

KMI

) is up $1.11 (2.8%) to $40.86 on heavy volume. Thus far, 16.0 million shares of Kinder Morgan exchanged hands as compared to its average daily volume of 14.1 million shares. The stock has ranged in price between $39.99-$41.01 after having opened the day at $40.08 as compared to the previous trading day's close of $39.75.

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

Kinder Morgan, Inc. operates as a midstream and energy company in North America. It operates through Natural Gas Pipelines, CO2 KMP, Products Pipelines KMP, Terminals KMP, Kinder Morgan Canada KMP, and Other segments. Kinder Morgan has a market cap of $41.0 billion and is part of the basic materials sector. Shares are up 10.4% year-to-date as of the close of trading on Friday. Currently there are 9 analysts who rate Kinder Morgan a buy, no analysts rate it a sell, and 2 rate it a hold.

TheStreet Ratings rates

Kinder Morgan

as a

buy

. The company's strengths can be seen in multiple areas, such as its revenue growth, increase in stock price during the past year, expanding profit margins, good cash flow from operations and compelling growth in net income. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated. Get the full

Kinder Morgan Ratings Report

now.

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

1. As of noon trading,

Schlumberger

(

SLB

) is up $0.61 (0.6%) to $98.48 on average volume. Thus far, 5.4 million shares of Schlumberger exchanged hands as compared to its average daily volume of 8.4 million shares. The stock has ranged in price between $97.97-$99.21 after having opened the day at $98.71 as compared to the previous trading day's close of $97.87.

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

Schlumberger Limited, together with its subsidiaries, supplies technology, integrated project management, and information solutions to oil and gas exploration and production industries worldwide. It operates through three groups: Reservoir Characterization, Drilling, and Production. Schlumberger has a market cap of $123.7 billion and is part of the basic materials sector. Shares are up 8.6% year-to-date as of the close of trading on Friday. Currently there are 23 analysts who rate Schlumberger a buy, no analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates

Schlumberger

as a

buy

. 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, growth in earnings per share, good cash flow from operations and increase in stock price during the past year. We feel these strengths outweigh the fact that the company shows low profit margins. Get the full

Schlumberger Ratings Report

now.

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

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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