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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