3 Stocks Moving The Energy Industry Upward
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.
Two out of the three major indices are trading lower today with the
Dow Jones Industrial Average
(
^DJI
) trading down 28 points (-0.2%) at 16,647 as of Wednesday, May 28, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,518 issues advancing vs. 1,472 declining with 153 unchanged.
The Energy industry currently is unchanged today versus the S&P 500, which is unchanged. Top gainers within the industry include
(
), up 1.6%,
(
), up 1.4%,
(
), up 1.3%,
(
), up 1.0% and
(
), up 1.0%. On the negative front, top decliners within the industry include
(
), down 2.1%,
(
), down 0.9%,
(
), down 0.8%,
(
), down 0.7% and
(
), down 0.6%.
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, EOG Resources is up $0.69 (0.7%) to $105.42 on light volume. Thus far, 1.5 million shares of EOG Resources exchanged hands as compared to its average daily volume of 4.0 million shares. The stock has ranged in price between $104.40-$105.60 after having opened the day at $104.86 as compared to the previous trading day's close of $104.73.
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 $56.8 billion and is part of the basic materials sector. Shares are up 23.9% year-to-date as of the close of trading on Tuesday. Currently there are 19 analysts who rate EOG Resources a buy, no analysts rate it a sell, and 4 rate it a hold.
TheStreet Ratings rates
EOG Resources
as a
. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, impressive record of earnings per share growth, compelling growth in net income and good cash flow from operations. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. Get the full
now.
2. As of noon trading,
(
) is up $0.91 (1.1%) to $79.95 on average volume. Thus far, 3.9 million shares of ConocoPhillips exchanged hands as compared to its average daily volume of 5.6 million shares. The stock has ranged in price between $79.51-$80.54 after having opened the day at $79.81 as compared to the previous trading day's close of $79.04.
ConocoPhillips explores for, develops, and produces crude oil, bitumen, natural gas, liquefied natural gas, and natural gas liquids worldwide. ConocoPhillips has a market cap of $96.3 billion and is part of the basic materials sector. Shares are up 11.0% year-to-date as of the close of trading on Tuesday. Currently there are 4 analysts who rate ConocoPhillips a buy, 2 analysts rate it a sell, and 7 rate it a hold.
TheStreet Ratings rates
ConocoPhillips
as a
. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, attractive valuation levels, good cash flow from operations and largely solid financial position with reasonable debt levels by most measures. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. Get the full
now.
1. As of noon trading,
(
) is up $0.84 (0.8%) to $102.17 on light volume. Thus far, 1.3 million shares of Anadarko Petroleum exchanged hands as compared to its average daily volume of 5.1 million shares. The stock has ranged in price between $100.45-$102.18 after having opened the day at $101.64 as compared to the previous trading day's close of $101.33.
Anadarko Petroleum Corporation is engaged 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 $51.2 billion and is part of the basic materials sector. Shares are up 27.8% year-to-date as of the close of trading on Tuesday. Currently there are 18 analysts who rate Anadarko Petroleum a buy, no analysts rate it a sell, and 2 rate it a hold.
TheStreet Ratings rates
Anadarko Petroleum
as a
. The company's strengths can be seen in multiple areas, such as its revenue growth, expanding profit margins and increase in stock price during the past year. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and weak operating cash flow. Get the full
Anadarko Petroleum Ratings Report
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
(
).
null
