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.

Two out of the three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading up 40 points (0.3%) at 15,878 as of Tuesday, Jan. 28, 2014, 11:55 AM ET. The NYSE advances/declines ratio sits at 1,973 issues advancing vs. 972 declining with 141 unchanged.

The Energy industry currently sits up 0.7% versus the S&P 500, which is up 0.3%. Top gainers within the industry include Cheniere Energy ( LNG), up 3.4%, Continental Resources ( CLR), up 2.7%, EOG Resources ( EOG), up 2.3%, Canadian Natural Resources ( CNQ), up 1.9% and Ecopetrol S.A ( EC), up 1.7%. On the negative front, top decliners within the industry include Halliburton Company ( HAL), down 0.9%, Enbridge ( ENB), down 0.7% and Schlumberger ( SLB), down 0.6%.

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

5. Hess ( HES) is one of the companies pushing the Energy industry higher today. As of noon trading, Hess is up $1.07 (1.4%) to $76.65 on average volume. Thus far, 1.0 million shares of Hess exchanged hands as compared to its average daily volume of 2.5 million shares. The stock has ranged in price between $75.75-$77.19 after having opened the day at $75.89 as compared to the previous trading day's close of $75.58.

Hess Corporation, together with its subsidiaries, operates as an independent energy company worldwide. It operates in two segments, Exploration and Production (E&P), and Marketing and Refining (M&R). Hess has a market cap of $25.7 billion and is part of the basic materials sector. The company has a P/E ratio of 7.7, below the S&P 500 P/E ratio of 17.7. Shares are down 8.1% year-to-date as of the close of trading on Monday. Currently there are 7 analysts who rate Hess a buy, no analysts rate it a sell, and 10 rate it a hold.

TheStreet Ratings rates Hess as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, reasonable valuation levels, expanding profit margins, largely solid financial position with reasonable debt levels by most measures and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full Hess Ratings Report now.

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4. As of noon trading, Cabot Oil & Gas Corporation ( COG) is up $0.69 (1.8%) to $39.76 on average volume. Thus far, 3.4 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 $39.54-$40.62 after having opened the day at $39.74 as compared to the previous trading day's close of $39.07.

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 $16.7 billion and is part of the basic materials sector. The company has a P/E ratio of 69.4, 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 Monday. 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.

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 $0.66 (2.5%) to $26.67 on light volume. Thus far, 2.9 million shares of Chesapeake Energy exchanged hands as compared to its average daily volume of 8.7 million shares. The stock has ranged in price between $26.11-$26.77 after having opened the day at $26.15 as compared to the previous trading day's close of $26.01.

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 $17.9 billion and is part of the basic materials sector. The company has a P/E ratio of 19.8, above the S&P 500 P/E ratio of 17.7. Shares are down 4.2% year-to-date as of the close of trading on Monday. Currently there are 5 analysts who rate Chesapeake Energy a buy, 1 analyst rates it a sell, and 18 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, Williams Companies ( WMB) is up $0.73 (1.9%) to $39.61 on light volume. Thus far, 2.3 million shares of Williams Companies exchanged hands as compared to its average daily volume of 6.9 million shares. The stock has ranged in price between $38.90-$39.70 after having opened the day at $38.90 as compared to the previous trading day's close of $38.88.

The Williams Companies, Inc. operates as an energy infrastructure company. Williams Companies has a market cap of $26.6 billion and is part of the basic materials sector. The company has a P/E ratio of 44.3, 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 Monday. Currently there are 8 analysts who rate Williams Companies a buy, no analysts rate it a sell, and 4 rate it a hold.

TheStreet Ratings rates Williams Companies as a buy. The company's strengths can be seen in multiple areas, such as its good cash flow from operations, expanding profit margins 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 Williams Companies 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, Occidental Petroleum Corporation ( OXY) is up $1.02 (1.2%) to $88.11 on light volume. Thus far, 1.0 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 $87.18-$88.31 after having opened the day at $87.49 as compared to the previous trading day's close of $87.09.

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 $70.9 billion and is part of the basic materials sector. The company has a P/E ratio of 15.4, below the S&P 500 P/E ratio of 17.7. Shares are down 8.4% year-to-date as of the close of trading on Monday. Currently there are 11 analysts who rate Occidental Petroleum Corporation a buy, no analysts rate it a sell, and 7 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.

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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