5 Stocks Advancing The Energy Industry

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 34 points (-0.2%) at 15,991 as of Tuesday, Dec. 10, 2013, 11:45 AM ET. The NYSE advances/declines ratio sits at 1,256 issues advancing vs. 1,637 declining with 176 unchanged.

The Energy industry currently sits up 0.2% versus the S&P 500, which is down 0.2%. Top gainers within the industry include Cimarex Energy Company ( XEC), up 3.8%, Continental Resources ( CLR), up 1.6%, Petroleo Brasileiro SA Petrobras ( PBR), up 1.5%, Suncor Energy ( SU), up 1.2% and Canadian Natural Resources ( CNQ), up 1.1%. On the negative front, top decliners within the industry include Tenaris ( TS), down 1.4%, and PetroChina ( PTR), down 0.9%.

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

5. Chesapeake Energy ( CHK) is one of the companies pushing the Energy industry higher today. As of noon trading, Chesapeake Energy is up $0.51 (1.9%) to $26.89 on light volume. Thus far, 3.4 million shares of Chesapeake Energy exchanged hands as compared to its average daily volume of 9.4 million shares. The stock has ranged in price between $26.41-$27.10 after having opened the day at $26.41 as compared to the previous trading day's close of $26.38.

Chesapeake Energy Corporation engages in the acquisition, exploration, development, and production of natural gas and oil properties in the United States. The company also offers marketing, midstream, drilling, and other oilfield services. Chesapeake Energy has a market cap of $17.6 billion and is part of the basic materials sector. The company has a P/E ratio of 19.5, above the S&P 500 P/E ratio of 17.7. Shares are up 58.7% year to date as of the close of trading on Monday. Currently there are 5 analysts that rate Chesapeake Energy a buy, no analysts rate it a sell, and 19 rate it a hold.

TheStreet Ratings rates Chesapeake Energy as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance, compelling growth in net income, good cash flow from operations 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 Chesapeake Energy Ratings Report now.

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