5 Stocks Boosting 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 down today with the Dow Jones Industrial Average ( ^DJI) trading down 22 points (-0.2%) at 14,556 as of Monday, April 1, 2013, 12:50 PM ET. The NYSE advances/declines ratio sits at 762 issues advancing vs. 2,184 declining with 121 unchanged.

The Energy industry currently sits down 1.2% versus the S&P 500, which is down 0.6%. Top gainers within the industry include Kinder Morgan ( KMI), up 1.2%, and Suncor Energy ( SU), up 0.8%. On the negative front, top decliners within the industry include Transocean ( RIG), down 2.1%, Tenaris ( TS), down 2.1%, Baker Hughes ( BHI), down 2.0%, Valero Energy Corporation ( VLO), down 1.7% and Halliburton Company ( HAL), down 1.7%.

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

5. Cenovus Energy ( CVE) is one of the companies pushing the Energy industry higher today. As of noon trading, Cenovus Energy is up $0.37 (1.2%) to $31.36 on light volume Thus far, 313,498 shares of Cenovus Energy exchanged hands as compared to its average daily volume of 897,800 shares. The stock has ranged in price between $31.01-$31.37 after having opened the day at $31.05 as compared to the previous trading day's close of $30.99.

Cenovus Energy Inc., an integrated oil company, together with its subsidiaries, engages in the development, production, and marketing of bitumen, crude oil, natural gas, and natural gas liquids (NGLs) in Canada with refining operations in the United States. Cenovus Energy has a market cap of $23.4 billion and is part of the basic materials sector. The company has a P/E ratio of 23.5, above the S&P 500 P/E ratio of 17.7. Shares are down 7.6% year to date as of the close of trading on Thursday. Currently there are 10 analysts that rate Cenovus Energy a buy, no analysts rate it a sell, and 3 rate it a hold.

TheStreet Ratings rates Cenovus Energy as a buy. The company's strengths can be seen in multiple areas, such as its reasonable valuation levels and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. Get the full Cenovus Energy Ratings Report now.

Exclusive Offer: Jim Cramer's 'go-to' small/mid-cap guru Bryan Ashenberg only buys stocks he thinks could return 50-100%. See his top picks for 14-days FREE.

4. As of noon trading, Eni SpA ( E) is up $0.47 (1.0%) to $45.36 on light volume Thus far, 78,339 shares of Eni SpA exchanged hands as compared to its average daily volume of 756,500 shares. The stock has ranged in price between $45.03-$45.38 after having opened the day at $45.03 as compared to the previous trading day's close of $44.89.

Eni SpA, an integrated energy company, engages in the exploration, production, transportation, transformation, and marketing of oil and natural gas. Eni SpA has a market cap of $81.3 billion and is part of the basic materials sector. The company has a P/E ratio of 4.6, below the S&P 500 P/E ratio of 17.7. Shares are down 8.6% year to date as of the close of trading on Thursday. Currently there are 6 analysts that rate Eni SpA a buy, no analysts rate it a sell, and 2 rate it a hold.

TheStreet Ratings rates Eni SpA as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, impressive record of earnings per share growth, compelling growth in net income and attractive valuation levels. We feel these strengths outweigh the fact that the company shows weak operating cash flow. Get the full Eni SpA Ratings Report now.

Exclusive Offer: Jim Cramer's 'go-to' small/mid-cap guru Bryan Ashenberg only buys stocks he thinks could return 50-100%. See his top picks for 14-days FREE.

3. As of noon trading, Hess ( HES) is up $1.88 (2.6%) to $73.49 on average volume Thus far, 2.8 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 $71.36-$74.06 after having opened the day at $71.57 as compared to the previous trading day's close of $71.61.

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 $24.6 billion and is part of the basic materials sector. The company has a P/E ratio of 12.0, below the S&P 500 P/E ratio of 17.7. Shares are up 35.2% year to date as of the close of trading on Thursday. 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 solid stock price performance, impressive record of earnings per share growth, compelling growth in net income, attractive valuation levels and good cash flow from operations. We feel these strengths outweigh the fact that the company shows low profit margins. Get the full Hess Ratings Report now.

Exclusive Offer: Jim Cramer's 'go-to' small/mid-cap guru Bryan Ashenberg only buys stocks he thinks could return 50-100%. See his top picks for 14-days FREE.

2. As of noon trading, Chevron ( CVX) is up $0.73 (0.6%) to $119.55 on average volume Thus far, 2.3 million shares of Chevron exchanged hands as compared to its average daily volume of 5.6 million shares. The stock has ranged in price between $118.76-$119.78 after having opened the day at $118.99 as compared to the previous trading day's close of $118.82.

Chevron Corporation, through its subsidiaries, engages in petroleum, chemicals, mining, power generation, and energy operations worldwide. It operates in two segments, Upstream and Downstream. Chevron has a market cap of $230.8 billion and is part of the basic materials sector. The company has a P/E ratio of 8.9, below the S&P 500 P/E ratio of 17.7. Shares are up 9.9% year to date as of the close of trading on Thursday. Currently there are 12 analysts that rate Chevron a buy, no analysts rate it a sell, and 3 rate it a hold.

TheStreet Ratings rates Chevron as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, increase in net income, largely solid financial position with reasonable debt levels by most measures, attractive valuation levels and good cash flow from operations. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. Get the full Chevron Ratings Report now.

Exclusive Offer: Jim Cramer's 'go-to' small/mid-cap guru Bryan Ashenberg only buys stocks he thinks could return 50-100%. See his top picks for 14-days FREE.

1. As of noon trading, Exxon Mobil Corporation ( XOM) is up $0.67 (0.7%) to $90.78 on light volume Thus far, 4.0 million shares of Exxon Mobil Corporation exchanged hands as compared to its average daily volume of 12.8 million shares. The stock has ranged in price between $89.98-$90.82 after having opened the day at $90.13 as compared to the previous trading day's close of $90.11.

Exxon Mobil Corporation engages in the exploration and production of crude oil and natural gas, and manufacture of petroleum products. The company also transports and sells crude oil, natural gas, and petroleum products. It has approximately 37,228 gross and 31,264 net operated wells. Exxon Mobil Corporation has a market cap of $403.7 billion and is part of the basic materials sector. The company has a P/E ratio of 9.3, below the S&P 500 P/E ratio of 17.7. Shares are up 4.1% year to date as of the close of trading on Thursday. Currently there are 6 analysts that rate Exxon Mobil Corporation a buy, no analysts rate it a sell, and 9 rate it a hold.

TheStreet Ratings rates Exxon Mobil Corporation as a buy. The company's strengths can be seen in multiple areas, such as its increase in net income, notable return on equity, attractive valuation levels, 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 shows low profit margins. Get the full Exxon Mobil Corporation Ratings Report now.

Exclusive Offer: Jim Cramer's 'go-to' small/mid-cap guru Bryan Ashenberg only buys stocks he thinks could return 50-100%. See his top picks for 14-days FREE.

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.

null

More from Markets

Lowe's Snags Ex-Home Depot Exec as CEO; ISPs Face Competitive Threat -- ICYMI

Lowe's Snags Ex-Home Depot Exec as CEO; ISPs Face Competitive Threat -- ICYMI

Dow Slips 178 Points; S&P 500 and Nasdaq Also Decline

Dow Slips 178 Points; S&P 500 and Nasdaq Also Decline

Legal Weed Sales in California Are Off to a Less Than Smokin' Start

Legal Weed Sales in California Are Off to a Less Than Smokin' Start

Owner of Moviepass Sees Stock Plummet

Owner of Moviepass Sees Stock Plummet

Ford, GM Gain as China Slashes Auto Import Tariffs

Ford, GM Gain as China Slashes Auto Import Tariffs