5 Stocks Raising The Energy 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 111 points (0.7%) at 16,536 as of Tuesday, Jan. 7, 2014, 11:55 AM ET. The NYSE advances/declines ratio sits at 2,084 issues advancing vs. 856 declining with 147 unchanged.

The Energy industry currently sits up 0.4% versus the S&P 500, which is up 0.6%. Top gainers within the industry include Cheniere Energy ( LNG), up 4.7%, Devon Energy ( DVN), up 2.4%, Suncor Energy ( SU), up 1.0%, Royal Dutch Shell PLC ADR Class A ( RDS.A), up 0.8% and Statoil ASA ( STO), up 0.6%.

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

5. BP ( BP) is one of the companies pushing the Energy industry higher today. As of noon trading, BP is up $0.54 (1.1%) to $48.54 on heavy volume. Thus far, 4.8 million shares of BP exchanged hands as compared to its average daily volume of 5.3 million shares. The stock has ranged in price between $48.32-$48.63 after having opened the day at $48.52 as compared to the previous trading day's close of $48.00.

BP p.l.c. provides fuel for transportation, energy for heat and light, lubricants to engines, and petrochemicals products. BP has a market cap of $150.3 billion and is part of the basic materials sector. The company has a P/E ratio of 13.1, below the S&P 500 P/E ratio of 17.7. Shares are down 1.2% year to date as of the close of trading on Monday. Currently there are 5 analysts that rate BP a buy, 1 analyst rates it a sell, and 3 rate it a hold.

TheStreet Ratings rates BP as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, attractive valuation levels, largely solid financial position with reasonable debt levels by most measures, notable return on equity and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full BP 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, EOG Resources ( EOG) is up $1.87 (1.1%) to $165.89 on average volume. Thus far, 735,091 shares of EOG Resources exchanged hands as compared to its average daily volume of 1.9 million shares. The stock has ranged in price between $163.70-$166.45 after having opened the day at $165.07 as compared to the previous trading day's close of $164.02.

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 $44.9 billion and is part of the basic materials sector. The company has a P/E ratio of 40.5, above the S&P 500 P/E ratio of 17.7. Shares are down 2.3% year to date as of the close of trading on Monday. Currently there are 19 analysts that rate EOG Resources a buy, 1 analyst rates 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, increase in net income, good cash flow from operations, solid stock price performance and growth in earnings per share. 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.

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, Occidental Petroleum Corporation ( OXY) is up $0.94 (1.0%) to $94.74 on light volume. Thus far, 1.2 million shares of Occidental Petroleum Corporation exchanged hands as compared to its average daily volume of 3.5 million shares. The stock has ranged in price between $94.09-$95.16 after having opened the day at $94.57 as compared to the previous trading day's close of $93.80.

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 $75.4 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 down 1.4% year to date as of the close of trading on Monday. 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.

2. As of noon trading, Chevron ( CVX) is up $0.87 (0.7%) to $124.89 on light volume. Thus far, 1.6 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 $123.65-$125.00 after having opened the day at $124.42 as compared to the previous trading day's close of $124.02.

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 $239.1 billion and is part of the basic materials sector. The company has a P/E ratio of 10.2, below the S&P 500 P/E ratio of 17.7. Shares are down 0.7% year to date as of the close of trading on Monday. Currently there are 9 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.

1. As of noon trading, Exxon Mobil Corporation ( XOM) is up $1.26 (1.3%) to $100.92 on light volume. Thus far, 4.0 million shares of Exxon Mobil Corporation exchanged hands as compared to its average daily volume of 12.6 million shares. The stock has ranged in price between $99.42-$100.96 after having opened the day at $99.61 as compared to the previous trading day's close of $99.66.

Exxon Mobil Corporation engages in the exploration and production of crude oil and natural gas, and manufacture of petroleum products. The company also transports and sells crude oil, natural gas, and petroleum products. It has approximately 37,228 gross and 31,264 net operated wells. Exxon Mobil Corporation has a market cap of $434.7 billion and is part of the basic materials sector. The company has a P/E ratio of 13.0, below the S&P 500 P/E ratio of 17.7. Shares are down 1.5% year to date as of the close of trading on Monday. Currently there are 5 analysts that rate Exxon Mobil Corporation a buy, 1 analyst rates it a sell, and 7 rate it a hold.

TheStreet Ratings rates Exxon Mobil Corporation as a buy. 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 increase in stock price during the past year. We feel these strengths outweigh the fact that the company shows weak operating cash flow. Get the full Exxon Mobil 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.

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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