5 Stocks Driving 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 79 points (0.5%) at 15,467 as of Wednesday, May 22, 2013, 12:50 PM ET. The NYSE advances/declines ratio sits at 1,746 issues advancing vs. 1,183 declining with 133 unchanged.

The Energy industry currently sits up 0.2% versus the S&P 500, which is up 0.5%. On the negative front, top decliners within the industry include PetroChina ( PTR), down 1.14, Petroleo Brasileiro SA Petrobras ( PBR.A), down 1.16 and Royal Dutch Shell ( RDS.A), down 0.45.

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

5. Ecopetrol S.A ( EC) is one of the companies pushing the Energy industry higher today. As of noon trading, Ecopetrol S.A is up $0.86 (2.00) to $43.86 on heavy volume Thus far, 608,914 shares of Ecopetrol S.A exchanged hands as compared to its average daily volume of 592,900 shares. The stock has ranged in price between $42.97-$43.92 after having opened the day at $42.97 as compared to the previous trading day's close of $43.00.

Ecopetrol S.A., an integrated oil company, engages in the exploration, development, and production of crude oil and natural gas Colombia. The company operates in four segments: Exploration and Production, Refining and Petrochemicals, Transportation, and Market and Supply. Ecopetrol S.A has a market cap of $89.4 billion and is part of the basic materials sector. The company has a P/E ratio of 6.8, below the S&P 500 P/E ratio of 17.7. Shares are down 27.9% year to date as of the close of trading on Tuesday. Currently there are no analysts that rate Ecopetrol S.A a buy, 3 analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates Ecopetrol S.A as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, increase in net income, good cash flow from operations, expanding profit margins 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 Ecopetrol S.A 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 liked this article you might like

5 Biggest Movers in the Energy Sector After Reports of OPEC Production Cap

Bullish and Bearish Reversals for the Week

2 High-Yield Energy Stocks to Avoid

Trade-Ideas: Ecopetrol (EC) Is Today's Strong On High Relative Volume Stock

These 5 Stocks Have Small Price Tags -- and Big Gain Potential