5 Energy Stocks Driving 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.

All three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading up 15 points (0.1%) at 16,035 as of Monday, Dec. 9, 2013, 11:45 AM ET. The NYSE advances/declines ratio sits at 1,480 issues advancing vs. 1,397 declining with 175 unchanged.

The Energy industry currently is unchanged today versus the S&P 500, which is up 0.3%. Top gainers within the industry include Cabot Oil & Gas Corporation ( COG), up 3.8%, Tenaris ( TS), up 1.9%, Statoil ASA ( STO), up 0.8%, Petroleo Brasileiro SA Petrobras ( PBR), up 0.7% and Royal Dutch Shell ( RDS.B), up 0.7%.

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

5. Canadian Natural Resources ( CNQ) is one of the companies pushing the Energy industry higher today. As of noon trading, Canadian Natural Resources is up $0.59 (1.8%) to $32.68 on heavy volume. Thus far, 1.6 million shares of Canadian Natural Resources exchanged hands as compared to its average daily volume of 2.2 million shares. The stock has ranged in price between $32.22-$32.70 after having opened the day at $32.45 as compared to the previous trading day's close of $32.09.

Canadian Natural Resources Limited engages in the exploration, development, production and marketing of crude oil, natural gas liquids, and natural gas. Canadian Natural Resources has a market cap of $34.9 billion and is part of the basic materials sector. The company has a P/E ratio of 16.4, below the S&P 500 P/E ratio of 17.7. Shares are up 11.2% year to date as of the close of trading on Friday. Currently there are 8 analysts that rate Canadian Natural Resources a buy, no analysts rate it a sell, and 4 rate it a hold.

TheStreet Ratings rates Canadian Natural Resources as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, attractive valuation levels, 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 Canadian Natural 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.

4. As of noon trading, Petroleo Brasileiro SA Petrobras ( PBR.A) is up $0.17 (1.1%) to $14.99 on light volume. Thus far, 1.6 million shares of Petroleo Brasileiro SA Petrobras exchanged hands as compared to its average daily volume of 7.8 million shares. The stock has ranged in price between $14.94-$15.10 after having opened the day at $15.02 as compared to the previous trading day's close of $14.82.

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 $96.7 billion and is part of the basic materials sector. The company has a P/E ratio of 7.1, below the S&P 500 P/E ratio of 17.7. Shares are down 23.2% year to date as of the close of trading on Friday.

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, largely solid financial position with reasonable debt levels by most measures and notable return on equity. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income, 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.

3. As of noon trading, Phillips 66 ( PSX) is up $1.30 (1.8%) to $72.54 on average volume. Thus far, 1.7 million shares of Phillips 66 exchanged hands as compared to its average daily volume of 3.5 million shares. The stock has ranged in price between $71.88-$73.17 after having opened the day at $72.50 as compared to the previous trading day's close of $71.24.

Phillips 66 operates as an independent downstream energy company. The company operates in three segments: Refining and Marketing (R&M), Midstream, and Chemicals. Phillips 66 has a market cap of $41.8 billion and is part of the basic materials sector. The company has a P/E ratio of 12.1, below the S&P 500 P/E ratio of 17.7. Shares are up 34.2% year to date as of the close of trading on Friday. Currently there are 6 analysts that rate Phillips 66 a buy, no analysts rate it a sell, and 6 rate it a hold.

TheStreet Ratings rates Phillips 66 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 notable return on equity. However, as a counter to these strengths, we also find weaknesses including feeble growth in the company's earnings per share, unimpressive growth in net income and poor profit margins. Get the full Phillips 66 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, Occidental Petroleum Corporation ( OXY) is up $0.55 (0.6%) to $93.20 on average volume. Thus far, 2.4 million shares of Occidental Petroleum Corporation exchanged hands as compared to its average daily volume of 3.6 million shares. The stock has ranged in price between $92.37-$93.78 after having opened the day at $92.65 as compared to the previous trading day's close of $92.65.

Occidental Petroleum Corporation engages in the exploration and production of oil and gas properties in the United States and internationally. The company operates in three segments: Oil and Gas; Chemical; and Midstream, Marketing and Other. Occidental Petroleum Corporation has a market cap of $75.3 billion and is part of the basic materials sector. The company has a P/E ratio of 16.4, below the S&P 500 P/E ratio of 17.7. Shares are up 20.9% year to date as of the close of trading on Friday. Currently there are 13 analysts that rate Occidental Petroleum Corporation a buy, no analysts rate it a sell, and 5 rate it a hold.

TheStreet Ratings rates Occidental Petroleum Corporation 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, attractive valuation levels, expanding profit margins 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 Occidental Petroleum Corporation 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 $1.03 (0.8%) to $123.32 on average volume. Thus far, 2.4 million shares of Chevron exchanged hands as compared to its average daily volume of 5.8 million shares. The stock has ranged in price between $122.16-$123.70 after having opened the day at $122.27 as compared to the previous trading day's close of $122.29.

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 $232.9 billion and is part of the basic materials sector. The company has a P/E ratio of 9.9, below the S&P 500 P/E ratio of 17.7. Shares are up 13.1% year to date as of the close of trading on Friday. Currently there are 10 analysts that rate Chevron a buy, no analysts rate it a sell, and 4 rate it a hold.

TheStreet Ratings rates Chevron 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, attractive valuation levels, good cash flow from operations 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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