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

All three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading up 50 points (0.4%) at 14,380 as of Friday, March 8, 2013, 11:50 AM ET. The NYSE advances/declines ratio sits at 1,811 issues advancing vs. 1,063 declining with 140 unchanged.

The Energy industry currently sits up 0.9% versus the S&P 500, which is up 0.2%. On the negative front, top decliners within the industry include Petroleo Brasileiro SA Petrobras ( PBR.A), down 1.0%, Royal Dutch Shell ( RDS.A), down 1.1% and BP ( BP), down 0.5%.

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

4. PetroChina ( PTR) is one of the companies pushing the Energy industry higher today. As of noon trading, PetroChina is up $1.18 (0.9%) to $138.94 on average volume Thus far, 64,621 shares of PetroChina exchanged hands as compared to its average daily volume of 93,900 shares. The stock has ranged in price between $138.00-$139.58 after having opened the day at $139.40 as compared to the previous trading day's close of $137.76.

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 $251.9 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 down 4.2% year to date as of the close of trading on Thursday. Currently there are 3 analysts that rate PetroChina a buy, 1 analyst rates 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 and good cash flow from operations. 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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