5 Stocks Driving The Energy Industry Higher

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

Two out of the three major indices are trading lower today with the Dow Jones Industrial Average ( ^DJI) trading up 26 points (0.2%) at 15,572 as of Tuesday, July 23, 2013, 12:50 PM ET. The NYSE advances/declines ratio sits at 1,636 issues advancing vs. 1,285 declining with 117 unchanged.

The Energy industry currently is unchanged today versus the S&P 500, which is down 0.1%. Top gainers within the industry include Halliburton Company ( HAL), up 1.6%, Petroleo Brasileiro SA Petrobras ( PBR.A), up 1.4% and BP ( BP), up 0.7%.

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

5. Statoil ASA ( STO) is one of the companies pushing the Energy industry higher today. As of noon trading, Statoil ASA is up $0.15 (0.7%) to $22.50 on light volume. Thus far, 482,347 shares of Statoil ASA exchanged hands as compared to its average daily volume of 2.1 million shares. The stock has ranged in price between $22.43-$22.55 after having opened the day at $22.46 as compared to the previous trading day's close of $22.35.

Statoil ASA, an integrated energy company, engages in the exploration, production, transportation, refining, and marketing of petroleum and petroleum-derived products in Norway and internationally. Statoil ASA has a market cap of $71.0 billion and is part of the basic materials sector. Shares are down 11.1% year to date as of the close of trading on Monday. Currently there are 4 analysts that rate Statoil ASA a buy, no analysts rate it a sell, and 5 rate it a hold.

TheStreet Ratings rates Statoil ASA as a buy. The company's strengths can be seen in multiple areas, such as its attractive valuation levels, good cash flow from operations, largely solid financial position with reasonable debt levels by most measures and expanding profit margins. We feel these strengths outweigh the fact that the company has had somewhat weak growth in earnings per share. Get the full Statoil ASA Ratings Report now.

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