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 112 points (-0.7%) at 15,897 as of Tuesday, Dec. 3, 2013, 11:45 AM ET. The NYSE advances/declines ratio sits at 970 issues advancing vs. 1,886 declining with 143 unchanged.

The Energy industry currently sits down 0.1% versus the S&P 500, which is down 0.4%. Top gainers within the industry include Statoil ASA ( STO), up 1.1%, and Ecopetrol S.A ( EC), up 0.6%. On the negative front, top decliners within the industry include YPF Sociedad Anonima ( YPF), down 4.6%, Western Gas Partners ( WES), down 4.4%, Ultrapar Holdings ( UGP), down 2.6%, PetroChina ( PTR), down 1.4% and China Petroleum & Chemical Corporation ( SNP), down 0.9%.

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

5. Suncor Energy ( SU) is one of the companies pushing the Energy industry higher today. As of noon trading, Suncor Energy is up $0.56 (1.6%) to $35.24 on average volume. Thus far, 2.5 million shares of Suncor Energy exchanged hands as compared to its average daily volume of 3.6 million shares. The stock has ranged in price between $34.66-$35.47 after having opened the day at $34.70 as compared to the previous trading day's close of $34.68.

Suncor Energy Inc., together with its subsidiaries, operates as an integrated energy company. Suncor Energy has a market cap of $51.6 billion and is part of the basic materials sector. The company has a P/E ratio of 18.2, above the S&P 500 P/E ratio of 17.7. Shares are up 5.2% year to date as of the close of trading on Monday. Currently there are 12 analysts that rate Suncor Energy a buy, no analysts rate it a sell, and 3 rate it a hold.

TheStreet Ratings rates Suncor Energy 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, reasonable valuation levels, increase in net income and good cash flow from operations. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. Get the full Suncor Energy Ratings Report now.

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