5 Stocks Pushing The Energy Industry Higher

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

Two out of the three major indices are trading lower today with the Dow Jones Industrial Average ( ^DJI) trading down 10 points (-0.1%) at 13,082 as of Monday, Nov. 5, 2012, 1:34 PM ET. The NYSE advances/declines ratio sits at 1,351 issues advancing vs. 1,574 declining with 129 unchanged.

The Energy industry currently sits up 0.5% versus the S&P 500, which is down 0.1%. Top gainers within the industry include Cameron International Corporation ( CAM), up 4.1%, Marathon Petroleum ( MPC), up 3.7% and Continental Resources ( CLR), up 1.2%. On the negative front, top decliners within the industry include Penn West Petroleum ( PWE), down 4.2%, and Eni SpA ( E), down 1.6%.

TheStreet Ratings group would like to highlight 5 stocks pushing the industry higher today:

5. Transocean ( RIG) is one of the companies pushing the Energy industry higher today. As of noon trading, Transocean is up $2.11 (4.6%) to $48.17 on average volume Thus far, 5.2 million shares of Transocean exchanged hands as compared to its average daily volume of 3.5 million shares. The stock has ranged in price between $47.35-$48.77 after having opened the day at $47.66 as compared to the previous trading day's close of $46.06.

Transocean Ltd. provides offshore contract drilling services for oil and gas wells worldwide. It offers deepwater and harsh environment drilling, oil and gas drilling management, and drilling engineering and drilling project management services. Transocean has a market cap of $16.6 billion and is part of the basic materials sector. The company has a P/E ratio of -2.3, below the S&P 500 P/E ratio of 17.7. Shares are up 20.1% year to date as of the close of trading on Friday. Currently there are 17 analysts that rate Transocean a buy, no analysts rate it a sell, and 7 rate it a hold.

TheStreet Ratings rates Transocean as a sell. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, disappointing return on equity, poor profit margins, generally disappointing historical performance in the stock itself and feeble growth in its earnings per share. Get the full Transocean Ratings Report now.

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