4 Energy Stocks Driving The 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 46 points (-0.3%) at 14,513 as of Wednesday, March 27, 2013, 12:50 PM ET. The NYSE advances/declines ratio sits at 1,149 issues advancing vs. 1,749 declining with 144 unchanged.

The Energy industry currently sits down 0.3% versus the S&P 500, which is down 0.2%. A company within the industry that increased today was National Oilwell Varco ( NOV), up 1.7%. On the negative front, top decliners within the industry include Eni SpA ( E), down 2.1%, Total ( TOT), down 1.8%, Tenaris ( TS), down 1.4% and Royal Dutch Shell ( RDS.B), down 0.8%.

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

4. Weatherford International ( WFT) is one of the companies pushing the Energy industry higher today. As of noon trading, Weatherford International is up $0.32 (2.7%) to $12.17 on light volume Thus far, 3.0 million shares of Weatherford International exchanged hands as compared to its average daily volume of 8.5 million shares. The stock has ranged in price between $11.68-$12.19 after having opened the day at $11.72 as compared to the previous trading day's close of $11.85.

Weatherford International Ltd. provides equipment and services used in the drilling, evaluation, completion, production, and intervention of oil and natural gas wells worldwide. Weatherford International has a market cap of $8.9 billion and is part of the basic materials sector. Shares are up 5.9% year to date as of the close of trading on Tuesday. Currently there are 15 analysts that rate Weatherford International a buy, 1 analyst rates it a sell, and 7 rate it a hold.

TheStreet Ratings rates Weatherford International as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations 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 poor profit margins. Get the full Weatherford International Ratings Report now.

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3. As of noon trading, Baker Hughes ( BHI) is up $0.56 (1.2%) to $46.24 on average volume Thus far, 1.7 million shares of Baker Hughes exchanged hands as compared to its average daily volume of 3.6 million shares. The stock has ranged in price between $45.15-$46.29 after having opened the day at $45.29 as compared to the previous trading day's close of $45.68.

Baker Hughes Incorporated supplies oilfield services, products, and technology services and systems to the oil and natural gas industry worldwide. Baker Hughes has a market cap of $19.8 billion and is part of the basic materials sector. The company has a P/E ratio of 15.1, below the S&P 500 P/E ratio of 17.7. Shares are up 11.8% year to date as of the close of trading on Tuesday. Currently there are 9 analysts that rate Baker Hughes a buy, no analysts rate it a sell, and 17 rate it a hold.

TheStreet Ratings rates Baker Hughes as a hold. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, attractive valuation levels and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and poor profit margins. Get the full Baker Hughes Ratings Report now.

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2. As of noon trading, Transocean ( RIG) is up $0.98 (1.9%) to $51.88 on light volume Thus far, 1.2 million shares of Transocean exchanged hands as compared to its average daily volume of 4.0 million shares. The stock has ranged in price between $50.54-$52.09 after having opened the day at $50.58 as compared to the previous trading day's close of $50.90.

Transocean Ltd. provides offshore contract drilling services for oil and gas wells worldwide. It offers deepwater and harsh environment drilling, oil and gas drilling management, and drilling engineering and drilling project management services, as well as logistics services. Transocean has a market cap of $18.3 billion and is part of the basic materials sector. The company has a P/E ratio of 22.4, above the S&P 500 P/E ratio of 17.7. Shares are up 14.0% year to date as of the close of trading on Tuesday. Currently there are 17 analysts that rate Transocean a buy, 1 analyst rates it a sell, and 7 rate it a hold.

TheStreet Ratings rates Transocean as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, impressive record of earnings per share growth and compelling growth in net income. However, as a counter to these strengths, we find that the stock has had a generally disappointing performance in the past year. Get the full Transocean Ratings Report now.

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1. As of noon trading, Halliburton Company ( HAL) is up $0.42 (1.0%) to $40.55 on light volume Thus far, 3.7 million shares of Halliburton Company exchanged hands as compared to its average daily volume of 11.9 million shares. The stock has ranged in price between $39.63-$40.64 after having opened the day at $39.97 as compared to the previous trading day's close of $40.13.

Halliburton Company provides a range of services and products for the exploration, development, and production of oil and natural gas. The company operates in two segments, Completion and Production, and Drilling and Evaluation. Halliburton Company has a market cap of $36.9 billion and is part of the basic materials sector. The company has a P/E ratio of 14.3, below the S&P 500 P/E ratio of 17.7. Shares are up 15.7% year to date as of the close of trading on Tuesday. Currently there are 21 analysts that rate Halliburton Company a buy, no analysts rate it a sell, and 5 rate it a hold.

TheStreet Ratings rates Halliburton Company 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, attractive valuation levels, good cash flow from operations and solid stock price performance. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full Halliburton Company 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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