4 Stocks Pushing 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 123 points (0.8%) at 15,622 as of Thursday, Aug. 1, 2013, 12:44 PM ET. The NYSE advances/declines ratio sits at 1,947 issues advancing vs. 1,011 declining with 90 unchanged.

The Energy industry currently sits up 1.5% versus the S&P 500, which is up 1.0%. Top gainers within the industry include EOG Resources ( EOG), up 3.7%, ConocoPhillips ( COP), up 1.7% and PetroChina ( PTR), up 1.4%.

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

4. Suncor Energy ( SU) is one of the companies pushing the Energy industry higher today. As of noon trading, Suncor Energy is up $0.95 (3.0%) to $32.58 on average volume. Thus far, 2.9 million shares of Suncor Energy exchanged hands as compared to its average daily volume of 4.5 million shares. The stock has ranged in price between $31.80-$32.59 after having opened the day at $31.83 as compared to the previous trading day's close of $31.63.

Suncor Energy Inc., together with its subsidiaries, operates as an integrated energy company. Suncor Energy has a market cap of $47.8 billion and is part of the basic materials sector. Shares are down 4.1% year to date as of the close of trading on Wednesday. Currently there are 11 analysts that rate Suncor Energy a buy, no analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates Suncor Energy as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures and reasonable valuation levels. However, as a counter to these strengths, we also find weaknesses including feeble growth in the company's earnings per share, deteriorating net income and disappointing return on equity. Get the full Suncor Energy 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, Petroleo Brasileiro SA Petrobras ( PBR) is up $0.33 (2.4%) to $13.97 on average volume. Thus far, 8.7 million shares of Petroleo Brasileiro SA Petrobras exchanged hands as compared to its average daily volume of 17.6 million shares. The stock has ranged in price between $13.90-$14.17 after having opened the day at $14.05 as compared to the previous trading day's close of $13.64.

Petroleo Brasileiro S.A. - Petrobras operates as an integrated oil and gas company in Brazil and internationally. Petroleo Brasileiro SA Petrobras has a market cap of $89.6 billion and is part of the basic materials sector. Shares are down 29.9% year to date as of the close of trading on Wednesday. Currently there are 4 analysts that rate Petroleo Brasileiro SA Petrobras a buy, no analysts rate it a sell, and 7 rate it a hold.

TheStreet Ratings rates Petroleo Brasileiro SA Petrobras as a hold. The company's strengths can be seen in multiple areas, such as its 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, disappointing return on equity and poor profit margins. Get the full Petroleo Brasileiro SA Petrobras 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, Williams Companies ( WMB) is up $1.83 (5.4%) to $36.00 on heavy volume. Thus far, 6.8 million shares of Williams Companies exchanged hands as compared to its average daily volume of 7.6 million shares. The stock has ranged in price between $34.79-$36.45 after having opened the day at $34.99 as compared to the previous trading day's close of $34.17.

The Williams Companies, Inc. operates as an energy infrastructure company. Williams Companies has a market cap of $23.1 billion and is part of the basic materials sector. Shares are up 4.4% year to date as of the close of trading on Wednesday. Currently there are 8 analysts that rate Williams Companies a buy, no analysts rate it a sell, and 2 rate it a hold.

TheStreet Ratings rates Williams Companies as a buy. The company's strengths can be seen in multiple areas, such as its good cash flow from operations, expanding profit margins and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had somewhat weak growth in earnings per share. Get the full Williams Companies 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, Schlumberger ( SLB) is up $1.98 (2.4%) to $83.30 on average volume. Thus far, 3.0 million shares of Schlumberger exchanged hands as compared to its average daily volume of 6.7 million shares. The stock has ranged in price between $82.35-$83.38 after having opened the day at $82.55 as compared to the previous trading day's close of $81.33.

Schlumberger Limited, together with its subsidiaries, engages in the supply of technology, integrated project management, and information solutions to oil and gas exploration and production industries worldwide. Schlumberger has a market cap of $107.7 billion and is part of the basic materials sector. Shares are up 17.4% year to date as of the close of trading on Wednesday. Currently there are 23 analysts that rate Schlumberger a buy, no analysts rate it a sell, and 2 rate it a hold.

TheStreet Ratings rates Schlumberger as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures and impressive record of earnings per share growth. However, as a counter to these strengths, we find that the company's profit margins have been poor overall. Get the full Schlumberger 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).
null