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.

Two out of the three major indices are trading lower today with the Dow Jones Industrial Average ( ^DJI) trading down 57 points (-0.3%) at 16,357 as of Wednesday, Jan. 22, 2014, 11:55 AM ET. The NYSE advances/declines ratio sits at 1,698 issues advancing vs. 1,213 declining with 185 unchanged.

The Energy industry currently sits up 0.4% versus the S&P 500, which is down 0.1%. Top gainers within the industry include Southwestern Energy Company ( SWN), up 3.4%, Anadarko Petroleum ( APC), up 2.4%, Petroleo Brasileiro SA Petrobras ( PBR), up 1.6%, Royal Dutch Shell ( RDS.B), up 1.2% and Halliburton Company ( HAL), up 0.8%. On the negative front, top decliners within the industry include Penn West Petroleum ( PWE), down 8.4%, Schlumberger ( SLB), down 0.6% and Statoil ASA ( STO), down 0.6%.

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

5. Cabot Oil & Gas Corporation ( COG) is one of the companies pushing the Energy industry higher today. As of noon trading, Cabot Oil & Gas Corporation is up $0.99 (2.5%) to $40.08 on average volume. Thus far, 2.6 million shares of Cabot Oil & Gas Corporation exchanged hands as compared to its average daily volume of 5.3 million shares. The stock has ranged in price between $39.57-$40.62 after having opened the day at $39.57 as compared to the previous trading day's close of $39.09.

Cabot Oil & Gas Corporation, an independent oil and gas company, engages in the development, exploitation, exploration, production, and marketing of natural gas, crude oil, and natural gas liquids in the United States. Cabot Oil & Gas Corporation has a market cap of $15.8 billion and is part of the basic materials sector. The company has a P/E ratio of 65.8, above the S&P 500 P/E ratio of 17.7. Shares are up 0.8% year-to-date as of the close of trading on Tuesday. Currently there are 16 analysts who rate Cabot Oil & Gas Corporation a buy, no analysts rate it a sell, and 5 rate it a hold.

TheStreet Ratings rates Cabot Oil & Gas Corporation as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, impressive record of earnings per share growth, compelling growth in net income, expanding profit margins and good cash flow from operations. We feel these strengths outweigh the fact that the company is trading at a premium valuation based on our review of its current price compared to such things as earnings and book value. Get the full Cabot Oil & Gas Corporation Ratings Report now.

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4. As of noon trading, Kinder Morgan ( KMI) is up $0.40 (1.1%) to $36.14 on average volume. Thus far, 2.9 million shares of Kinder Morgan exchanged hands as compared to its average daily volume of 5.9 million shares. The stock has ranged in price between $35.75-$36.18 after having opened the day at $35.89 as compared to the previous trading day's close of $35.74.

Kinder Morgan, Inc. owns and operates energy transportation and storage assets in the United States and Canada. The company operates in six segments: Natural Gas Pipelines, Products Pipelines KMP, CO2 KMP, Terminals KMP, Kinder Morgan Canada KMP, and Other. Kinder Morgan has a market cap of $36.8 billion and is part of the basic materials sector. The company has a P/E ratio of 30.9, above 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 Tuesday. Currently there are 6 analysts who rate Kinder Morgan a buy, no analysts rate it a sell, and 5 rate it a hold.

TheStreet Ratings rates Kinder Morgan as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, compelling growth in net income, growth in earnings per share, expanding profit margins and notable return on equity. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. Get the full Kinder Morgan 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, Chesapeake Energy ( CHK) is up $0.55 (2.1%) to $27.00 on average volume. Thus far, 4.6 million shares of Chesapeake Energy exchanged hands as compared to its average daily volume of 8.8 million shares. The stock has ranged in price between $26.81-$27.22 after having opened the day at $26.84 as compared to the previous trading day's close of $26.45.

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 $16.9 billion and is part of the basic materials sector. The company has a P/E ratio of 18.7, above the S&P 500 P/E ratio of 17.7. Shares are down 2.5% year-to-date as of the close of trading on Tuesday. Currently there are 4 analysts who rate Chesapeake Energy a buy, 1 analyst rates 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, compelling growth in net income, good cash flow from operations, solid stock price performance 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.

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, BP ( BP) is up $0.47 (1.0%) to $49.00 on heavy volume. Thus far, 4.2 million shares of BP exchanged hands as compared to its average daily volume of 5.6 million shares. The stock has ranged in price between $48.68-$49.16 after having opened the day at $48.88 as compared to the previous trading day's close of $48.53.

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 $149.7 billion and is part of the basic materials sector. The company has a P/E ratio of 13.2, below the S&P 500 P/E ratio of 17.7. Shares are down 0.2% year-to-date as of the close of trading on Tuesday. Currently there are 5 analysts who 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.

1. As of noon trading, EOG Resources ( EOG) is up $1.59 (0.9%) to $170.82 on average volume. Thus far, 736,241 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 $169.25-$172.30 after having opened the day at $170.20 as compared to the previous trading day's close of $169.23.

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 $46.1 billion and is part of the basic materials sector. The company has a P/E ratio of 41.6, above the S&P 500 P/E ratio of 17.7. Shares are up 0.8% year-to-date as of the close of trading on Tuesday. Currently there are 18 analysts who rate EOG Resources a buy, 1 analyst rates it a sell, and 5 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.

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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