5 Stocks Boosting 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.

All three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading up 27 points (0.2%) at 15,548 as of Wednesday, July 31, 2013, 12:50 PM ET. The NYSE advances/declines ratio sits at 1,364 issues advancing vs. 1,544 declining with 117 unchanged.

The Energy industry currently sits up 0.5% versus the S&P 500, which is up 0.3%. Top gainers within the industry include YPF Sociedad Anonima ( YPF), up 5.1%, Phillips 66 ( PSX), up 4.3%, Hess ( HES), up 2.4%, Energy Transfer Equity ( ETE), up 2.3% and Canadian Natural Resources ( CNQ), up 1.8%. On the negative front, top decliners within the industry include Petroleo Brasileiro SA Petrobras ( PBR), down 1.1%, and Tenaris ( TS), down 1.1%.

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

5. National Oilwell Varco ( NOV) is one of the companies pushing the Energy industry higher today. As of noon trading, National Oilwell Varco is up $0.76 (1.1%) to $70.16 on average volume. Thus far, 1.9 million shares of National Oilwell Varco exchanged hands as compared to its average daily volume of 3.5 million shares. The stock has ranged in price between $69.09-$70.65 after having opened the day at $69.66 as compared to the previous trading day's close of $69.40.

National Oilwell Varco, Inc. provides equipment and components for oil and gas drilling and production; oilfield services; and supply chain integration services to the upstream oil and gas industry worldwide. National Oilwell Varco has a market cap of $30.4 billion and is part of the basic materials sector. Shares are up 1.5% year to date as of the close of trading on Tuesday. Currently there are 15 analysts that rate National Oilwell Varco a buy, no analysts rate it a sell, and 3 rate it a hold.

TheStreet Ratings rates National Oilwell Varco as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, attractive valuation levels, good cash flow from operations and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full National Oilwell Varco 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.

4. As of noon trading, EOG Resources ( EOG) is up $1.87 (1.3%) to $145.97 on average volume. Thus far, 778,555 shares of EOG Resources exchanged hands as compared to its average daily volume of 1.8 million shares. The stock has ranged in price between $144.62-$148.17 after having opened the day at $144.62 as compared to the previous trading day's close of $144.10.

EOG Resources, Inc., together with its subsidiaries, engages in the exploration, development, production, and marketing of crude oil and natural gas. EOG Resources has a market cap of $39.4 billion and is part of the basic materials sector. Shares are up 19.3% year to date as of the close of trading on Tuesday. Currently there are 21 analysts that rate EOG Resources a buy, no analysts rate it a sell, and 4 rate it a hold.

TheStreet Ratings rates EOG Resources as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, expanding profit margins, good cash flow from operations, increase in net income and solid stock price performance. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. Get the full EOG Resources 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, Apache Corporation ( APA) is up $1.12 (1.4%) to $81.70 on light volume. Thus far, 897,181 shares of Apache Corporation exchanged hands as compared to its average daily volume of 3.7 million shares. The stock has ranged in price between $80.74-$81.95 after having opened the day at $80.77 as compared to the previous trading day's close of $80.58.

Apache Corporation, an independent energy company, explores for, develops, and produces natural gas, crude oil, and natural gas liquids. Apache Corporation has a market cap of $31.8 billion and is part of the basic materials sector. Shares are up 2.6% year to date as of the close of trading on Tuesday. Currently there are 13 analysts that rate Apache Corporation a buy, no analysts rate it a sell, and 10 rate it a hold.

TheStreet Ratings rates Apache Corporation as a buy. The company's strengths can be seen in multiple areas, such as its attractive valuation levels, expanding profit margins, good cash flow from operations and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full Apache Corporation 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, Occidental Petroleum Corporation ( OXY) is up $0.87 (1.0%) to $89.19 on average volume. Thus far, 2.2 million shares of Occidental Petroleum Corporation exchanged hands as compared to its average daily volume of 4.4 million shares. The stock has ranged in price between $88.17-$89.66 after having opened the day at $88.52 as compared to the previous trading day's close of $88.32.

Occidental Petroleum Corporation engages in the exploration and production of oil and gas properties in the United States and internationally. The company operates in three segments: Oil and Gas; Chemical; and Midstream, Marketing and Other. Occidental Petroleum Corporation has a market cap of $72.9 billion and is part of the basic materials sector. Shares are up 15.3% year to date as of the close of trading on Tuesday. Currently there are 9 analysts that rate Occidental Petroleum Corporation a buy, no analysts rate it a sell, and 8 rate it a hold.

TheStreet Ratings rates Occidental Petroleum Corporation as a buy. The company's strengths can be seen in multiple areas, such as its expanding profit margins, increase in stock price during the past year and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full Occidental Petroleum Corporation 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, ConocoPhillips ( COP) is up $0.50 (0.8%) to $65.32 on light volume. Thus far, 1.8 million shares of ConocoPhillips exchanged hands as compared to its average daily volume of 6.5 million shares. The stock has ranged in price between $64.92-$65.64 after having opened the day at $64.92 as compared to the previous trading day's close of $64.83.

ConocoPhillips explores for, produces, transports, and markets crude oil, bitumen, natural gas, liquefied natural gas, and natural gas liquids on a worldwide basis. ConocoPhillips has a market cap of $79.7 billion and is part of the basic materials sector. Shares are up 12.4% year to date as of the close of trading on Tuesday. Currently there are 6 analysts that rate ConocoPhillips a buy, 4 analysts rate it a sell, and 6 rate it a hold.

TheStreet Ratings rates ConocoPhillips as a buy. The company's strengths can be seen in multiple areas, such as its attractive valuation levels, expanding profit margins, good cash flow from operations, notable return on equity and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full ConocoPhillips 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 5 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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