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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4. As of noon trading, Concho Resources ( CXO) is up $2.68 (2.9%) to $94.16 on heavy volume Thus far, 878,068 shares of Concho Resources exchanged hands as compared to its average daily volume of 1.0 million shares. The stock has ranged in price between $91.01-$95.39 after having opened the day at $91.34 as compared to the previous trading day's close of $91.48.

Concho Resources Inc., an independent oil and natural gas company, engages in the acquisition, exploration, and development of oil and natural gas properties in the United States. Its principal operating areas are located in the Permian Basin region of southeast New Mexico and west Texas. Concho Resources has a market cap of $9.6 billion and is part of the basic materials sector. The company has a P/E ratio of 23.2, above the S&P 500 P/E ratio of 17.7. Shares are up 13.6% year to date as of the close of trading on Tuesday. Currently there are 18 analysts that rate Concho Resources a buy, no analysts rate it a sell, and 4 rate it a hold.

TheStreet Ratings rates Concho Resources as a buy. The company's strengths can be seen in multiple areas, such as its increase in net income, growth in earnings per share and expanding profit margins. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. Get the full Concho Resources Ratings Report now.

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3. As of noon trading, Ensco PLC Class A ( ESV) is up $0.90 (1.6%) to $58.67 on average volume Thus far, 1.2 million shares of Ensco PLC Class A exchanged hands as compared to its average daily volume of 2.1 million shares. The stock has ranged in price between $57.73-$58.73 after having opened the day at $57.91 as compared to the previous trading day's close of $57.77.

Ensco plc provides offshore contract drilling services to the oil and gas industry worldwide. Ensco PLC Class A has a market cap of $13.4 billion and is part of the basic materials sector. The company has a P/E ratio of 11.0, below the S&P 500 P/E ratio of 17.7. Shares are down 2.5% year to date as of the close of trading on Tuesday. Currently there are 17 analysts that rate Ensco PLC Class A a buy, no analysts rate it a sell, and 4 rate it a hold.

TheStreet Ratings rates Ensco PLC Class A as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, growth in earnings per share, expanding profit margins and good cash flow from operations. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full Ensco PLC Class A Ratings Report now.

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2. As of noon trading, Noble Corporation ( NE) is up $0.63 (1.8%) to $35.96 on light volume Thus far, 1.3 million shares of Noble Corporation exchanged hands as compared to its average daily volume of 4.1 million shares. The stock has ranged in price between $35.33-$36.00 after having opened the day at $35.40 as compared to the previous trading day's close of $35.33.

Noble Corporation operates as an offshore drilling contractor for the oil and gas industry. The company offers contract drilling services for oil and gas wells. Noble Corporation has a market cap of $9.0 billion and is part of the basic materials sector. The company has a P/E ratio of 17.4, below the S&P 500 P/E ratio of 17.7. Shares are up 1.5% year to date as of the close of trading on Tuesday. Currently there are 22 analysts that rate Noble Corporation a buy, no analysts rate it a sell, and 2 rate it a hold.

TheStreet Ratings rates Noble Corporation as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, good cash flow from operations, expanding profit margins, largely solid financial position with reasonable debt levels by most measures and notable return on equity. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. Get the full Noble Corporation Ratings Report now.

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1. As of noon trading, Hess ( HES) is up $1.26 (1.8%) to $71.54 on average volume Thus far, 1.8 million shares of Hess exchanged hands as compared to its average daily volume of 4.5 million shares. The stock has ranged in price between $70.04-$71.74 after having opened the day at $70.15 as compared to the previous trading day's close of $70.28.

Hess Corporation, together with its subsidiaries, operates as an independent energy company worldwide. It operates in two segments, Exploration and Production (E&P), and Marketing and Refining (M&R). Hess has a market cap of $23.9 billion and is part of the basic materials sector. The company has a P/E ratio of 11.7, below the S&P 500 P/E ratio of 17.7. Shares are up 32.9% year to date as of the close of trading on Tuesday. Currently there are 8 analysts that rate Hess a buy, no analysts rate it a sell, and 9 rate it a hold.

TheStreet Ratings rates Hess as a buy. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income, 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 generally high debt management risk by most measures that we evaluated. Get the full Hess Ratings Report now.

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If you are interested in one of these 5 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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