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.

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