4 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 19 points (-0.1%) at 13,006 as of Monday, Dec. 3, 2012, 11:50 AM ET. The NYSE advances/declines ratio sits at 1,239 issues advancing vs. 1,655 declining with 129 unchanged.

The Energy industry currently sits up 0.2% versus the S&P 500, which is down 0.1%. Top gainers within the industry include Anadarko Petroleum ( APC), up 1.5%, Imperial Oil ( IMO), up 1.0%, EOG Resources ( EOG), up 0.7% and ConocoPhillips ( COP), up 0.4%. A company within the industry that fell today was Chevron ( CVX), up 0.6%.

TheStreet Ratings group would like to highlight 4 stocks pushing the industry higher today:

4. Cenovus Energy ( CVE) is one of the companies pushing the Energy industry higher today. As of noon trading, Cenovus Energy is up $0.55 (1.6%) to $33.90 on average volume Thus far, 403,128 shares of Cenovus Energy exchanged hands as compared to its average daily volume of 878,800 shares. The stock has ranged in price between $33.53-$34.05 after having opened the day at $33.63 as compared to the previous trading day's close of $33.35.

Cenovus Energy Inc., an integrated oil company, together with its subsidiaries, engages in the development, production, and marketing of bitumen, crude oil, natural gas, and natural gas liquids (NGLs) in Canada with refining operations in the United States. Cenovus Energy has a market cap of $25.1 billion and is part of the basic materials sector. The company has a P/E ratio of 18.1, above the S&P 500 P/E ratio of 17.7. Shares are up 0.3% year to date as of the close of trading on Friday. Currently there are 9 analysts that rate Cenovus Energy a buy, no analysts rate it a sell, and 3 rate it a hold.

TheStreet Ratings rates Cenovus Energy as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations, largely solid financial position with reasonable debt levels by most measures and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full Cenovus Energy Ratings Report now.

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3. As of noon trading, Continental Resources ( CLR) is up $3.98 (5.8%) to $72.68 on heavy volume Thus far, 2.0 million shares of Continental Resources exchanged hands as compared to its average daily volume of 966,400 shares. The stock has ranged in price between $70.61-$73.71 after having opened the day at $70.62 as compared to the previous trading day's close of $68.70.

Continental Resources, Inc. engages in the exploration, development, and production of crude oil and natural gas primarily in the north, south, and east regions of the United States. Continental Resources has a market cap of $12.7 billion and is part of the basic materials sector. The company has a P/E ratio of 31.0, above the S&P 500 P/E ratio of 17.7. Shares are up 3.2% year to date as of the close of trading on Friday. Currently there are 11 analysts that rate Continental Resources a buy, no analysts rate it a sell, and 6 rate it a hold.

TheStreet Ratings rates Continental Resources as a buy. The company's strengths can be seen in multiple areas, such as its good cash flow from operations and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full Continental Resources Ratings Report now.

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2. As of noon trading, Cabot Oil & Gas Corporation ( COG) is up $1.23 (2.6%) to $48.33 on average volume Thus far, 1.0 million shares of Cabot Oil & Gas Corporation exchanged hands as compared to its average daily volume of 2.5 million shares. The stock has ranged in price between $47.37-$48.65 after having opened the day at $47.73 as compared to the previous trading day's close of $47.10.

Cabot Oil & Gas Corporation, an independent oil and gas company, engages in the development, exploitation, exploration, production, and marketing of natural gas, crude oil and, and natural gas liquids in the United States. Cabot Oil & Gas Corporation has a market cap of $10.0 billion and is part of the basic materials sector. The company has a P/E ratio of 86.8, above the S&P 500 P/E ratio of 17.7. Shares are up 25.8% year to date as of the close of trading on Friday. Currently there are 9 analysts that rate Cabot Oil & Gas Corporation a buy, no analysts rate it a sell, and 9 rate it a hold.

TheStreet Ratings rates Cabot Oil & Gas Corporation as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, growth in earnings per share, increase in net income, good cash flow from operations and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. Get the full Cabot Oil & Gas Corporation Ratings Report now.

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1. As of noon trading, Petroleo Brasileiro SA Petrobras ( PBR) is up $0.10 (0.5%) to $18.06 on average volume Thus far, 6.2 million shares of Petroleo Brasileiro SA Petrobras exchanged hands as compared to its average daily volume of 12.1 million shares. The stock has ranged in price between $18.02-$18.32 after having opened the day at $18.24 as compared to the previous trading day's close of $17.97.

Petroleo Brasileiro S.A. operates as an integrated oil and gas company in Brazil and internationally. Petroleo Brasileiro SA Petrobras has a market cap of $120.5 billion and is part of the basic materials sector. The company has a P/E ratio of 6.0, below the S&P 500 P/E ratio of 17.7. Shares are down 25.0% year to date as of the close of trading on Friday. Currently there are 2 analysts that rate Petroleo Brasileiro SA Petrobras a buy, no analysts rate it a sell, and 7 rate it a hold.

TheStreet Ratings rates Petroleo Brasileiro SA Petrobras as a hold. The company's strengths can be seen in multiple areas, such as its attractive valuation levels and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and a generally disappointing performance in the stock itself. Get the full Petroleo Brasileiro SA Petrobras Ratings Report now.

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If you are interested in one of these 4 stocks, 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).

A reminder about TheStreet Ratings group: 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.
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