5 Energy Stocks Moving The Industry Upward

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 58 points (-0.4%) at 15,461 as of Wednesday, Aug. 7, 2013, 12:50 PM ET. The NYSE advances/declines ratio sits at 785 issues advancing vs. 2,161 declining with 94 unchanged.

The Energy industry currently sits down 0.9% versus the S&P 500, which is down 0.4%. A company within the industry that increased today was EOG Resources ( EOG), up 2.2%. On the negative front, top decliners within the industry include Ecopetrol S.A ( EC), down 1.8%, Chesapeake Energy ( CHK), down 2.3%, Enbridge ( ENB), down 2.1%, Cenovus Energy ( CVE), down 1.8% and PetroChina ( PTR), down 1.4%.

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

5. Tenaris ( TS) is one of the companies pushing the Energy industry higher today. As of noon trading, Tenaris is up $0.77 (1.7%) to $45.19 on average volume. Thus far, 643,349 shares of Tenaris exchanged hands as compared to its average daily volume of 1.1 million shares. The stock has ranged in price between $44.40-$45.33 after having opened the day at $44.47 as compared to the previous trading day's close of $44.42.

Tenaris S.A., through its subsidiaries, engages in the steel pipe manufacturing and distribution activities. Tenaris has a market cap of $26.2 billion and is part of the industrial goods sector. Shares are up 6.0% year to date as of the close of trading on Tuesday. Currently there are 4 analysts that rate Tenaris a buy, no analysts rate it a sell, and 7 rate it a hold.

TheStreet Ratings rates Tenaris as a buy. 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, expanding profit margins, increase in stock price during the past year and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full Tenaris 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, Energy Transfer Equity ( ETE) is up $1.67 (2.6%) to $66.68 on heavy volume. Thus far, 1.5 million shares of Energy Transfer Equity exchanged hands as compared to its average daily volume of 1.3 million shares. The stock has ranged in price between $64.00-$67.90 after having opened the day at $65.09 as compared to the previous trading day's close of $65.01.

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 $18.3 billion and is part of the basic materials sector. Shares are up 42.9% year to date as of the close of trading on Tuesday. 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.

3. As of noon trading, Devon Energy ( DVN) is up $0.69 (1.2%) to $56.49 on heavy volume. Thus far, 4.8 million shares of Devon Energy exchanged hands as compared to its average daily volume of 2.9 million shares. The stock has ranged in price between $55.15-$57.60 after having opened the day at $57.50 as compared to the previous trading day's close of $55.80.

Devon Energy Corporation, an independent energy company, engages primarily in exploration, development, and production of oil, natural gas, and natural gas liquids (NGLs). Devon Energy has a market cap of $22.7 billion and is part of the basic materials sector. Shares are up 7.2% year to date as of the close of trading on Tuesday. Currently there are 9 analysts that rate Devon Energy a buy, no analysts rate it a sell, and 12 rate it a hold.

TheStreet Ratings rates Devon Energy as a hold. Among the primary strengths of the company is its solid financial position based on a variety of debt and liquidity measures that we have evaluated. At the same time, however, we also find weaknesses including deteriorating net income, disappointing return on equity and weak operating cash flow. Get the full Devon 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.

2. As of noon trading, Petroleo Brasileiro SA Petrobras ( PBR) is up $0.06 (0.5%) to $13.52 on light volume. Thus far, 5.4 million shares of Petroleo Brasileiro SA Petrobras exchanged hands as compared to its average daily volume of 17.9 million shares. The stock has ranged in price between $13.32-$13.63 after having opened the day at $13.35 as compared to the previous trading day's close of $13.46.

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 $89.4 billion and is part of the basic materials sector. Shares are down 30.9% year to date as of the close of trading on Tuesday. 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 disappointing return on equity, poor profit margins and weak operating cash flow. 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.

1. As of noon trading, Chevron ( CVX) is up $0.63 (0.5%) to $123.77 on light volume. Thus far, 1.8 million shares of Chevron exchanged hands as compared to its average daily volume of 5.9 million shares. The stock has ranged in price between $122.80-$123.92 after having opened the day at $123.03 as compared to the previous trading day's close of $123.14.

Chevron Corporation, through its subsidiaries, engages in petroleum, chemicals, mining, power generation, and energy operations worldwide. The company operates in two segments, Upstream and Downstream. Chevron has a market cap of $240.4 billion and is part of the basic materials sector. Shares are up 13.9% year to date as of the close of trading on Tuesday. Currently there are 9 analysts that rate Chevron a buy, no analysts rate it a sell, and 5 rate it a hold.

TheStreet Ratings rates Chevron as a buy. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, attractive valuation levels 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 Chevron 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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