5 Stocks Advancing The Energy Industry

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 36 points (0.3%) at 14,562 as of Thursday, March 28, 2013, 12:50 PM ET. The NYSE advances/declines ratio sits at 1,626 issues advancing vs. 1,256 declining with 162 unchanged.

The Energy industry currently is unchanged today versus the S&P 500, which is up 0.2%. Top gainers within the industry include Statoil ASA ( STO), up 0.9%, and Enterprise Products Partners ( EPD), up 0.8%. On the negative front, top decliners within the industry include Royal Dutch Shell ( RDS.A), down 0.6%, Ecopetrol S.A ( EC), down 0.6% and Total ( TOT), down 0.3%.

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

5. Spectra Energy ( SE) is one of the companies pushing the Energy industry higher today. As of noon trading, Spectra Energy is up $0.50 (1.7%) to $30.74 on average volume Thus far, 2.7 million shares of Spectra Energy exchanged hands as compared to its average daily volume of 5.5 million shares. The stock has ranged in price between $30.26-$30.94 after having opened the day at $30.26 as compared to the previous trading day's close of $30.23.

Spectra Energy Corp, through its subsidiaries, owns and operates a portfolio of natural gas-related energy assets in North America. The company's U.S. Spectra Energy has a market cap of $20.0 billion and is part of the basic materials sector. The company has a P/E ratio of 20.9, above the S&P 500 P/E ratio of 17.7. Shares are up 10.4% year to date as of the close of trading on Wednesday. Currently there are 5 analysts that rate Spectra Energy a buy, no analysts rate it a sell, and 6 rate it a hold.

TheStreet Ratings rates Spectra Energy as a buy. Among the primary strengths of the company is its expanding profit margins over time. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full Spectra Energy Ratings Report now.

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