5 Stocks Raising The Energy Industry Higher

All three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading up 31 points (0.2%) at 15,006 as of Tuesday, July 2, 2013, 12:50 PM ET. The NYSE advances/declines ratio sits at 1,611 issues advancing vs. 1,325 declining with 103 unchanged.

The Energy industry currently sits up 0.4% versus the S&P 500, which is up 0.4%. Top gainers within the industry include PetroChina ( PTR), up 3.0%, Occidental Petroleum Corporation ( OXY), up 1.2%, Chevron ( CVX), up 0.7% and Exxon Mobil Corporation ( XOM), up 0.6%.

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

5. Imperial Oil ( IMO) is one of the companies pushing the Energy industry higher today. As of noon trading, Imperial Oil is up $0.69 (1.8%) to $39.12 on heavy volume. Thus far, 222,990 shares of Imperial Oil exchanged hands as compared to its average daily volume of 271,800 shares. The stock has ranged in price between $38.22-$39.21 after having opened the day at $38.39 as compared to the previous trading day's close of $38.43.

Imperial Oil Limited engages in the exploration, production, and sale of crude oil and natural gas in Canada. The company operates through three segments: Upstream, Downstream, and Chemical. Imperial Oil has a market cap of $32.4 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 down 11.1% year to date as of the close of trading on Monday. Currently there is 1 analyst that rates Imperial Oil a buy, 1 analyst rates it a sell, and 3 rate it a hold.

TheStreet Ratings rates Imperial Oil as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, attractive valuation levels and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, weak operating cash flow and poor profit margins. Get the full Imperial Oil Ratings Report now.

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