3 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.

Two out of the three major indices are trading lower today with the Dow Jones Industrial Average ( ^DJI) trading down 10 points (-0.1%) at 15,618 as of Friday, Aug. 2, 2013, 12:50 PM ET. The NYSE advances/declines ratio sits at 1,354 issues advancing vs. 1,554 declining with 118 unchanged.

The Energy industry currently sits down 0.4% versus the S&P 500, which is down 0.1%. Top gainers within the industry include ConocoPhillips ( COP), up 1.1%, and Petroleo Brasileiro SA Petrobras ( PBR.A), up 0.3%. On the negative front, top decliners within the industry include PetroChina ( PTR), down 1.1%, and Exxon Mobil Corporation ( XOM), down 1.3%.

TheStreet would like to highlight 3 stocks pushing the industry higher today:

3. Statoil ASA ( STO) is one of the companies pushing the Energy industry higher today. As of noon trading, Statoil ASA is up $0.13 (0.6%) to $21.45 on average volume. Thus far, 803,417 shares of Statoil ASA exchanged hands as compared to its average daily volume of 1.9 million shares. The stock has ranged in price between $21.25-$21.48 after having opened the day at $21.30 as compared to the previous trading day's close of $21.32.

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 $68.8 billion and is part of the basic materials sector. Shares are down 13.8% year to date as of the close of trading on Thursday. 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.

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, Total ( TOT) is up $0.25 (0.5%) to $53.68 on average volume. Thus far, 712,989 shares of Total exchanged hands as compared to its average daily volume of 1.3 million shares. The stock has ranged in price between $53.40-$53.94 after having opened the day at $53.65 as compared to the previous trading day's close of $53.43.

TOTAL S.A., together with its subsidiaries, operates as a oil and gas company worldwide. The company operates in three segments: Upstream, Refining and Chemicals, and Marketing and Services. Total has a market cap of $120.3 billion and is part of the basic materials sector. Shares are up 2.0% year to date as of the close of trading on Thursday. Currently there are 5 analysts that rate Total a buy, 1 analyst rates it a sell, and none rate it a hold.

TheStreet Ratings rates Total as a buy. The company's strengths can be seen in multiple areas, such as its attractive valuation levels, 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 Total 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, Continental Resources ( CLR) is up $2.55 (2.6%) to $98.82 on heavy volume. Thus far, 776,081 shares of Continental Resources exchanged hands as compared to its average daily volume of 1.0 million shares. The stock has ranged in price between $95.82-$99.01 after having opened the day at $96.16 as compared to the previous trading day's close of $96.27.

Continental Resources, Inc. engages in the exploration, development, and production of crude oil and natural gas properties in the north, south, and east regions of the United States. Continental Resources has a market cap of $17.1 billion and is part of the basic materials sector. Shares are up 25.6% year to date as of the close of trading on Thursday. Currently there are 14 analysts that rate Continental Resources a buy, no analysts rate it a sell, and 6 rate it a hold.

TheStreet Ratings rates Continental Resources as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, expanding profit margins, good cash flow from operations, solid stock price performance and impressive record of earnings per share growth. 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 Continental 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.

If you are interested in one of these 3 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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