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

All three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading up 48 points (0.4%) at 12,859 as of Friday, Nov. 9, 2012, 11:50 AM ET. The NYSE advances/declines ratio sits at 1,662 issues advancing vs. 1,212 declining with 143 unchanged.

The Energy industry currently sits up 0.3% versus the S&P 500, which is up 0.6%. Top gainers within the industry include Talisman Energy ( TLM), up 3.0%, Cenovus Energy ( CVE), up 1.6%, Petroleo Brasileiro SA Petrobras ( PBR), up 1.7%, Schlumberger ( SLB), up 1.4% and Occidental Petroleum Corporation ( OXY), up 1.2%. On the negative front, top decliners within the industry include Enerplus ( ERF), down 12.5%, Linn Energy ( LINE), down 2.9%, Plains All American Pipeline ( PAA), down 1.8%, Hess ( HES), down 1.5% and Marathon Petroleum ( MPC), down 1.6%.

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

5. Canadian Natural Resources ( CNQ) is one of the companies pushing the Energy industry higher today. As of noon trading, Canadian Natural Resources is up $0.42 (1.5%) to $28.40 on average volume Thus far, 1.8 million shares of Canadian Natural Resources exchanged hands as compared to its average daily volume of 2.7 million shares. The stock has ranged in price between $27.67-$28.41 after having opened the day at $27.73 as compared to the previous trading day's close of $27.99.

Canadian Natural Resources Limited engages in the acquisition, exploration, development, production, marketing, and sale of crude oil, natural gas liquids (NGLs), and natural gas. Canadian Natural Resources has a market cap of $31.9 billion and is part of the basic materials sector. The company has a P/E ratio of 11.4, below the S&P 500 P/E ratio of 17.7. Shares are down 22.1% year to date as of the close of trading on Thursday. Currently there are 9 analysts that rate Canadian Natural Resources a buy, no analysts rate it a sell, and 4 rate it a hold.

TheStreet Ratings rates Canadian Natural Resources as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income, generally higher debt management risk and a generally disappointing performance in the stock itself. Get the full Canadian Natural Resources Ratings Report now.

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