5 Energy Stocks Pushing Industry Growth

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 up today with the Dow Jones Industrial Average ( ^DJI) trading up 7 points (0.0%) at 14,818 as of Tuesday, Sept. 3, 2013, 12:45 PM ET. The NYSE advances/declines ratio sits at 1,623 issues advancing vs. 1,312 declining with 88 unchanged.

The Energy industry currently sits up 0.5% versus the S&P 500, which is down 0.3%. Top gainers within the industry include Marathon Petroleum ( MPC), up 2.6%, Continental Resources ( CLR), up 2.4%, National Oilwell Varco ( NOV), up 2.2%, Canadian Natural Resources ( CNQ), up 1.9% and PetroChina ( PTR), up 1.3%.

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

5. EOG Resources ( EOG) is one of the companies pushing the Energy industry higher today. As of noon trading, EOG Resources is up $1.62 (1.0%) to $158.67 on light volume. Thus far, 463,409 shares of EOG Resources exchanged hands as compared to its average daily volume of 1.6 million shares. The stock has ranged in price between $158.07-$160.49 after having opened the day at $159.46 as compared to the previous trading day's close of $157.05.

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 $42.8 billion and is part of the basic materials sector. Currently there are 20 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 robust revenue growth, largely solid financial position with reasonable debt levels by most measures, expanding profit margins, good cash flow from operations and increase in net income. 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.

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