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 97 cents (1%) to $94.80 on average volume. Throughout the day, 1.4 million shares of Noble Energy exchanged hands as compared to its average daily volume of one million shares. The stock ranged in a price between $93.75-$95.85 after having opened the day at $94.22 as compared to the previous trading day's close of $93.83. Other companies within the Energy industry that increased today were: Recon Technology ( RCON), up 13%, Geokinetics ( GOK), up 11.1%, GeoPetro Resources Company ( GPR), up 10.7%, and WSP Holdings ( WH), up 10.1%.
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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 $16.34 billion and is part of the basic materials sector. The company has a P/E ratio of 38.9, above the S&P 500 P/E ratio of 17.7. Shares are down 2.7% year to date as of the close of trading on Monday. Currently there are 15 analysts that rate Noble Energy a buy, no analysts rate it a sell, and six 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, good cash flow from operations and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself.

On the negative front, Recovery Energy ( RECV), down 23.2%, Torch Energy Royalty ( TRU), down 9.8%, Hallador Energy ( HNRG), down 8.8%, and Camac Energy ( CAK), down 7.5%, were all laggards within the energy industry with National Oilwell Varco ( NOV) 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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