4 Energy Stocks Pushing The 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.

All three major indices are trading down today with the Dow Jones Industrial Average ( ^DJI) trading down 82 points (-0.5%) at 15,473 as of Friday, July 26, 2013, 12:49 PM ET. The NYSE advances/declines ratio sits at 1,028 issues advancing vs. 1,878 declining with 105 unchanged.

The Energy industry currently sits down 0.5% versus the S&P 500, which is down 0.4%. On the negative front, top decliners within the industry include Cameron International Corporation ( CAM), down 3.7%, Statoil ASA ( STO), down 1.9%, Chevron ( CVX), down 1.0%, PetroChina ( PTR), down 0.9% and Petroleo Brasileiro SA Petrobras ( PBR), down 0.7%.

TheStreet would like to highlight 4 stocks pushing the industry higher today:

4. Magellan Midstream Partners L.P ( MMP) is one of the companies pushing the Energy industry higher today. As of noon trading, Magellan Midstream Partners L.P is up $1.52 (2.8%) to $56.15 on average volume. Thus far, 319,385 shares of Magellan Midstream Partners L.P exchanged hands as compared to its average daily volume of 620,200 shares. The stock has ranged in price between $54.70-$56.21 after having opened the day at $54.70 as compared to the previous trading day's close of $54.63.

Magellan Midstream Partners, L.P. engages in the transportation, storage, and distribution of petroleum products in the United States. Magellan Midstream Partners L.P has a market cap of $12.3 billion and is part of the basic materials sector. Shares are up 26.5% year to date as of the close of trading on Thursday. Currently there are 3 analysts that rate Magellan Midstream Partners L.P a buy, no analysts rate it a sell, and 10 rate it a hold.

TheStreet Ratings rates Magellan Midstream Partners L.P as a buy. The company's strengths can be seen in multiple areas, such as its growth in earnings per share, increase in net income, expanding profit margins, good cash flow from operations and solid stock price performance. 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 Magellan Midstream Partners L.P 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.

3. As of noon trading, Energy Transfer Equity ( ETE) is up $1.18 (1.9%) to $63.92 on light volume. Thus far, 214,531 shares of Energy Transfer Equity exchanged hands as compared to its average daily volume of 1.2 million shares. The stock has ranged in price between $62.56-$63.95 after having opened the day at $62.74 as compared to the previous trading day's close of $62.74.

Energy Transfer Equity, L.P., through its subsidiaries, provides diversified energy-related services in the United States. The company sells natural gas to electric utilities, independent power plants, local distribution companies, industrial end-users, and other marketing companies. Energy Transfer Equity has a market cap of $17.7 billion and is part of the basic materials sector. Shares are up 38.0% year to date as of the close of trading on Thursday. Currently there are 7 analysts that rate Energy Transfer Equity a buy, no analysts rate it a sell, and 2 rate it a hold.

TheStreet Ratings rates Energy Transfer Equity as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, good cash flow from operations and solid stock price performance. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full Energy Transfer Equity 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.

2. As of noon trading, Encana ( ECA) is up $0.50 (2.8%) to $18.13 on average volume. Thus far, 2.9 million shares of Encana exchanged hands as compared to its average daily volume of 4.4 million shares. The stock has ranged in price between $17.55-$18.15 after having opened the day at $17.55 as compared to the previous trading day's close of $17.63.

Encana Corporation and its subsidiaries engage in the exploration for, development, production, and marketing of natural gas, oil, and natural gas liquids in Canada and the United States. Encana has a market cap of $12.7 billion and is part of the basic materials sector. Shares are down 10.8% year to date as of the close of trading on Thursday. Currently there are 3 analysts that rate Encana a buy, 2 analysts rate it a sell, and 10 rate it a hold.

TheStreet Ratings rates Encana as a sell. The company's weaknesses can be seen in multiple areas, such as its feeble growth in its earnings per share, deteriorating net income, disappointing return on equity, poor profit margins and weak operating cash flow. Get the full Encana 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, Halliburton Company ( HAL) is up $1.69 (3.8%) to $46.03 on heavy volume. Thus far, 15.4 million shares of Halliburton Company exchanged hands as compared to its average daily volume of 9.4 million shares. The stock has ranged in price between $45.54-$46.50 after having opened the day at $46.45 as compared to the previous trading day's close of $44.34.

Halliburton Company provides a range of services and products for the exploration, development, and production of oil and natural gas. The company operates in two segments, Completion and Production, and Drilling and Evaluation. Halliburton Company has a market cap of $41.8 billion and is part of the basic materials sector. Shares are up 27.8% year to date as of the close of trading on Thursday. Currently there are 18 analysts that rate Halliburton Company a buy, 1 analyst rates it a sell, and 3 rate it a hold.

TheStreet Ratings rates Halliburton Company as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, revenue growth, largely solid financial position with reasonable debt levels by most measures and reasonable valuation levels. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full Halliburton Company 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 4 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).

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