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 13 points (0.1%) at 14,463 as of Wednesday, March 13, 2013, 12:49 PM ET. The NYSE advances/declines ratio sits at 1,568 issues advancing vs. 1,298 declining with 138 unchanged.

The Energy industry currently is unchanged today versus the S&P 500, which is up 0.2%. On the negative front, top decliners within the industry include HollyFrontier ( HFC), down 2.1%, Eni SpA ( E), down 1.8%, Encana ( ECA), down 1.8%, Statoil ASA ( STO), down 1.3% and Suncor Energy ( SU), down 1.0%.

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

5. Cimarex Energy Company ( XEC) is one of the companies pushing the Energy industry higher today. As of noon trading, Cimarex Energy Company is up $2.10 (2.9%) to $74.22 on heavy volume Thus far, 648,684 shares of Cimarex Energy Company exchanged hands as compared to its average daily volume of 820,200 shares. The stock has ranged in price between $72.00-$74.71 after having opened the day at $72.12 as compared to the previous trading day's close of $72.12.

Cimarex Energy Co. operates as an independent oil and gas exploration and production company primarily in Texas, Oklahoma, New Mexico, and Kansas. Cimarex Energy Company has a market cap of $6.2 billion and is part of the basic materials sector. The company has a P/E ratio of 17.6, equal to the S&P 500 P/E ratio of 17.7. Shares are up 25.0% year to date as of the close of trading on Tuesday. Currently there are 11 analysts that rate Cimarex Energy Company a buy, no analysts rate it a sell, and 6 rate it a hold.

TheStreet Ratings rates Cimarex Energy Company as a buy. The company's strengths can be seen in multiple areas, such as its 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 sub par growth in net income. Get the full Cimarex Energy Company Ratings Report now.

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