3 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 down today with the Dow Jones Industrial Average ( ^DJI) trading down 23 points (-0.2%) at 13,146 as of Friday, Dec. 14, 2012, 11:50 AM ET. The NYSE advances/declines ratio sits at 1,344 issues advancing vs. 1,517 declining with 152 unchanged.

The Energy industry currently sits up 0.1% versus the S&P 500, which is down 0.3%. A company within the industry that increased today was Petroleo Brasileiro SA Petrobras ( PBR), up 2.9%.

TheStreet Ratings group would like to highlight 3 stocks pushing the industry higher today:

3. PetroChina ( PTR) is one of the companies pushing the Energy industry higher today. As of noon trading, PetroChina is up $1.59 (1.1%) to $139.54 on average volume Thus far, 53,017 shares of PetroChina exchanged hands as compared to its average daily volume of 113,200 shares. The stock has ranged in price between $139.47-$140.09 after having opened the day at $140.09 as compared to the previous trading day's close of $137.95.

PetroChina Company Limited produces and sells oil and gas in the People's Republic of China. The company operates in four segments: Exploration and Production, Refining and Chemicals, Marketing, and Natural Gas and Pipeline. PetroChina has a market cap of $253.9 billion and is part of the basic materials sector. The company has a P/E ratio of 1.8, below the S&P 500 P/E ratio of 17.7. Shares are up 11.6% year to date as of the close of trading on Thursday. Currently there are 3 analysts that rate PetroChina a buy, no analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates PetroChina as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, attractive valuation levels, 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 weak growth in earnings per share. Get the full PetroChina Ratings Report now.

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2. As of noon trading, Eni SpA ( E) is up $0.46 (1.0%) to $47.66 on light volume Thus far, 203,109 shares of Eni SpA exchanged hands as compared to its average daily volume of 624,000 shares. The stock has ranged in price between $47.47-$47.81 after having opened the day at $47.54 as compared to the previous trading day's close of $47.20.

Eni SpA, an integrated energy company, engages in the exploration, production, transportation, transformation, and marketing of oil and natural gas. Eni SpA has a market cap of $85.7 billion and is part of the basic materials sector. The company has a P/E ratio of 4.8, below the S&P 500 P/E ratio of 17.7. Shares are up 14.4% year to date as of the close of trading on Thursday. Currently there are 4 analysts that rate Eni SpA a buy, no analysts rate it a sell, and 2 rate it a hold.

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

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1. As of noon trading, Petroleo Brasileiro SA Petrobras ( PBR.A) is up $0.60 (3.2%) to $19.22 on average volume Thus far, 2.8 million shares of Petroleo Brasileiro SA Petrobras exchanged hands as compared to its average daily volume of 7.2 million shares. The stock has ranged in price between $19.03-$19.36 after having opened the day at $19.11 as compared to the previous trading day's close of $18.62.

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 $124.5 billion and is part of the basic materials sector. The company has a P/E ratio of 7.1, below the S&P 500 P/E ratio of 17.7. Shares are down 18.0% year to date as of the close of trading on Thursday.

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 3 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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