3 Stocks Moving The Energy Industry Upward

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

One out of the three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading up 1 points (0.0%) at 15,277 as of Thursday, May 16, 2013, 12:50 PM ET. The NYSE advances/declines ratio sits at 1,398 issues advancing vs. 1,509 declining with 138 unchanged.

The Energy industry currently is unchanged today versus the S&P 500, which is down 0.10. A company within the industry that increased today was Petroleo Brasileiro SA Petrobras ( PBR), up 1.13. On the negative front, top decliners within the industry include Statoil ASA ( STO), down 0.98, and Total ( TOT), down 0.82.

TheStreet Ratings group would like to highlight 3 stocks pushing the industry higher today:

3. Cenovus Energy ( CVE) is one of the companies pushing the Energy industry higher today. As of noon trading, Cenovus Energy is up $0.41 (1.39) to $30.01 on average volume Thus far, 418,261 shares of Cenovus Energy exchanged hands as compared to its average daily volume of 1.1 million shares. The stock has ranged in price between $29.50-$30.18 after having opened the day at $29.50 as compared to the previous trading day's close of $29.60.

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 $22.4 billion and is part of the basic materials sector. The company has a P/E ratio of 30.9, above the S&P 500 P/E ratio of 17.7. Shares are down 11.7% year to date as of the close of trading on Wednesday. Currently there are 9 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 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 lackluster performance in the stock itself. Get the full Cenovus Energy Ratings Report now.

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2. As of noon trading, Weatherford International ( WFT) is up $0.42 (3.12) to $13.87 on heavy volume Thus far, 9.2 million shares of Weatherford International exchanged hands as compared to its average daily volume of 9.1 million shares. The stock has ranged in price between $13.45-$13.97 after having opened the day at $13.48 as compared to the previous trading day's close of $13.45.

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 $10.3 billion and is part of the basic materials sector. Shares are up 20.2% year to date as of the close of trading on Wednesday. Currently there are 14 analysts that rate Weatherford International a buy, 1 analyst rates it a sell, and 5 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 and increase in stock price during the past year. However, as a counter to these strengths, we also find weaknesses including deteriorating net income and feeble growth in the company's earnings per share. Get the full Weatherford International Ratings Report now.

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1. As of noon trading, Petroleo Brasileiro SA Petrobras ( PBR.A) is up $0.32 (1.66) to $19.58 on light volume Thus far, 3.0 million shares of Petroleo Brasileiro SA Petrobras exchanged hands as compared to its average daily volume of 8.4 million shares. The stock has ranged in price between $19.30-$19.76 after having opened the day at $19.34 as compared to the previous trading day's close of $19.26.

Petroleo Brasileiro S.A. operates as an integrated oil and gas company in Brazil and internationally. Petroleo Brasileiro SA Petrobras has a market cap of $125.9 billion and is part of the basic materials sector. The company has a P/E ratio of 7.1, below the S&P 500 P/E ratio of 17.7. Shares are down 0.3% year to date as of the close of trading on Wednesday.

TheStreet Ratings rates Petroleo Brasileiro SA Petrobras as a hold. The company's strengths can be seen in multiple areas, such as its increase in net income, attractive valuation levels and growth in earnings per share. However, as a counter to these strengths, we also find weaknesses including disappointing return on equity, poor profit margins and weak operating cash flow. Get the full Petroleo Brasileiro SA Petrobras 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 3 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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