Noble Energy Inc (NBL): Today's Featured Energy Winner

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

Noble Energy ( NBL) pushed the Energy industry higher today making it today's featured energy winner. The industry as a whole closed the day down 0.2%. By the end of trading, Noble Energy rose $1.61 (1.8%) to $93.11 on heavy volume. Throughout the day, 2.2 million shares of Noble Energy exchanged hands as compared to its average daily volume of 1.1 million shares. The stock ranged in a price between $91.27-$94.10 after having opened the day at $91.71 as compared to the previous trading day's close of $91.50. Other companies within the Energy industry that increased today were: GeoGlobal Resources ( GGR), up 18.3%, Houston American Energy Corporation ( HUSA), up 18.3%, GeoPetro Resources Company ( GPR), up 14.1%, and Geokinetics ( GOK), up 8.7%.

Noble Energy, Inc., through its subsidiaries, engages in the acquisition, exploration, development, production, and marketing of crude oil, natural gas, and natural gas liquids in the United States, West Africa, Eastern Mediterranean, the North Sea, and internationally. Noble Energy has a market cap of $15.89 billion and is part of the basic materials sector. The company has a P/E ratio of 21.7, below the average energy industry P/E ratio of 23.2 and above the S&P 500 P/E ratio of 17.7. Shares are down 3.1% year to date as of the close of trading on Friday. Currently there are 16 analysts that rate Noble Energy a buy, no analysts rate it a sell, and five rate it a hold.

TheStreet Ratings rates Noble Energy as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, expanding profit margins, growth in earnings per share, increase in stock price during the past year and notable return on equity. We feel these strengths outweigh the fact that the company shows weak operating cash flow.

On the negative front, Plains Exploration & Production Company ( PXP), down 10.5%, Torch Energy Royalty ( TRU), down 9.7%, Cubic Energy ( QBC), down 7.4%, and Dejour Energy ( DEJ), down 7.2%, were all laggards within the energy industry with Petroleo Brasileiro SA Petrobras ( PBR) being today's energy industry laggard.

For investors not wanting singular stock exposure, 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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