3 Energy Stocks Nudging 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 62 points (-0.4%) at 15,060 as of Wednesday, June 12, 2013, 12:50 PM ET. The NYSE advances/declines ratio sits at 760 issues advancing vs. 2,254 declining with 88 unchanged.

The Energy industry currently sits down 0.38 versus the S&P 500, which is down 0.61. On the negative front, top decliners within the industry include Eni SpA ( E), down 1.06, PetroChina ( PTR), down 0.99 and Ecopetrol S.A ( EC), down 1.17.

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

3. Continental Resources ( CLR) is one of the companies pushing the Energy industry higher today. As of noon trading, Continental Resources is up $1.89 (2.24) to $86.42 on heavy volume Thus far, 876,082 shares of Continental Resources exchanged hands as compared to its average daily volume of 1.2 million shares. The stock has ranged in price between $84.82-$87.47 after having opened the day at $85.90 as compared to the previous trading day's close of $84.53.

Continental Resources, Inc. engages in the exploration, development, and production of crude oil and natural gas properties in the north, south, and east regions of the United States. Continental Resources has a market cap of $15.9 billion and is part of the basic materials sector. The company has a P/E ratio of 19.2, above the S&P 500 P/E ratio of 17.7. Shares are up 15.0% year to date as of the close of trading on Tuesday. Currently there are 14 analysts that rate Continental Resources a buy, no analysts rate it a sell, and 7 rate it a hold.

TheStreet Ratings rates Continental Resources as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, expanding profit margins, good cash flow from operations, impressive record of earnings per share growth and compelling growth in net income. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated. Get the full Continental Resources Ratings Report now.

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2. As of noon trading, Spectra Energy ( SE) is up $3.02 (9.98) to $33.34 on heavy volume Thus far, 12.9 million shares of Spectra Energy exchanged hands as compared to its average daily volume of 3.7 million shares. The stock has ranged in price between $32.90-$33.96 after having opened the day at $33.00 as compared to the previous trading day's close of $30.32.

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 $20.6 billion and is part of the basic materials sector. The company has a P/E ratio of 21.5, above the S&P 500 P/E ratio of 17.7. Shares are up 10.7% year to date as of the close of trading on Tuesday. Currently there are 5 analysts that rate Spectra Energy a buy, no analysts rate it a sell, and 5 rate it a hold.

TheStreet Ratings rates Spectra Energy as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, increase in net income, good cash flow from operations, expanding profit margins and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated. Get the full Spectra Energy Ratings Report now.

3x UPSIDE POTENTIAL: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

1. As of noon trading, EOG Resources ( EOG) is up $1.16 (0.90) to $130.27 on light volume Thus far, 657,791 shares of EOG Resources exchanged hands as compared to its average daily volume of 1.9 million shares. The stock has ranged in price between $129.81-$131.77 after having opened the day at $131.26 as compared to the previous trading day's close of $129.11.

EOG Resources, Inc., together with its subsidiaries, engages in the exploration, development, production, and marketing of crude oil and natural gas. EOG Resources has a market cap of $35.8 billion and is part of the basic materials sector. The company has a P/E ratio of 48.2, above the S&P 500 P/E ratio of 17.7. Shares are up 6.9% year to date as of the close of trading on Tuesday. Currently there are 22 analysts that rate EOG Resources a buy, no analysts rate it a sell, and 4 rate it a hold.

TheStreet Ratings rates EOG Resources as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, expanding profit margins, good cash flow from operations, increase in net income and solid stock price performance. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. Get the full EOG Resources Ratings Report now.

3x UPSIDE POTENTIAL: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

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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