4 Stocks Driving 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 down today with the Dow Jones Industrial Average ( ^DJI) trading down 91 points (-0.6%) at 15,838 as of Wednesday, Jan. 29, 2014, 11:55 AM ET. The NYSE advances/declines ratio sits at 929 issues advancing vs. 2,026 declining with 145 unchanged.

The Energy industry currently sits down 0.4% versus the S&P 500, which is down 0.4%. Top gainers within the industry include Marathon Petroleum ( MPC), up 4.9%, Spectra Energy ( SE), up 1.5% and Hess ( HES), up 1.5%. On the negative front, top decliners within the industry include YPF Sociedad Anonima ( YPF), down 4.1%, Pioneer Natural Resources Company ( PXD), down 2.7%, Seadrill ( SDRL), down 2.3%, Petroleo Brasileiro SA Petrobras ( PBR), down 2.0% and EOG Resources ( EOG), down 1.3%.

TheStreet would like to highlight 4 stocks pushing the industry higher today:

4. Enterprise Products Partners ( EPD) is one of the companies pushing the Energy industry higher today. As of noon trading, Enterprise Products Partners is up $0.36 (0.6%) to $64.13 on light volume. Thus far, 323,718 shares of Enterprise Products Partners exchanged hands as compared to its average daily volume of 1.1 million shares. The stock has ranged in price between $63.02-$64.33 after having opened the day at $64.33 as compared to the previous trading day's close of $63.77.

Enterprise Products Partners L.P. provides midstream energy services to producers and consumers of natural gas, natural gas liquids (NGLs), crude oil, refined products, and petrochemicals in the United States and internationally. Enterprise Products Partners has a market cap of $60.0 billion and is part of the basic materials sector. The company has a P/E ratio of 23.4, above the S&P 500 P/E ratio of 17.7. Shares are down 2.8% year-to-date as of the close of trading on Tuesday. Currently there are 15 analysts who rate Enterprise Products Partners a buy, no analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates Enterprise Products Partners as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations, increase in net income and increase in stock price during the past year. 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 Enterprise Products Partners 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, HollyFrontier ( HFC) is up $2.09 (4.5%) to $48.57 on average volume. Thus far, 1.6 million shares of HollyFrontier exchanged hands as compared to its average daily volume of 3.5 million shares. The stock has ranged in price between $46.05-$48.69 after having opened the day at $46.33 as compared to the previous trading day's close of $46.48.

HollyFrontier Corporation operates as an independent petroleum refiner and marketer in the United States. It produces light products, such as gasoline, diesel fuel, jet fuel, specialty lubricant products, liquefied petroleum gas, fuel oil, and specialty and modified asphalt. HollyFrontier has a market cap of $9.3 billion and is part of the basic materials sector. The company has a P/E ratio of 8.9, below the S&P 500 P/E ratio of 17.7. Shares are down 6.5% year-to-date as of the close of trading on Tuesday. Currently there are 4 analysts who rate HollyFrontier a buy, no analysts rate it a sell, and 8 rate it a hold.

TheStreet Ratings rates HollyFrontier 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, reasonable valuation levels 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 HollyFrontier 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, Phillips 66 ( PSX) is up $0.99 (1.3%) to $76.07 on heavy volume. Thus far, 2.5 million shares of Phillips 66 exchanged hands as compared to its average daily volume of 3.3 million shares. The stock has ranged in price between $70.81-$76.90 after having opened the day at $74.03 as compared to the previous trading day's close of $75.08.

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 $44.9 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 2.7% year-to-date as of the close of trading on Tuesday. Currently there are 8 analysts who rate Phillips 66 a buy, no analysts rate it a sell, and 4 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.

1. As of noon trading, Valero Energy Corporation ( VLO) is up $1.76 (3.5%) to $51.96 on average volume. Thus far, 4.4 million shares of Valero Energy Corporation exchanged hands as compared to its average daily volume of 8.5 million shares. The stock has ranged in price between $48.60-$51.96 after having opened the day at $48.82 as compared to the previous trading day's close of $50.20.

Valero Energy Corporation operates as an independent petroleum refining and marketing company. The company operates through three segments: Refining, Ethanol, and Retail. Valero Energy Corporation has a market cap of $26.7 billion and is part of the basic materials sector. The company has a P/E ratio of 11.2, below the S&P 500 P/E ratio of 17.7. Shares are down 0.4% year-to-date as of the close of trading on Tuesday. Currently there are 11 analysts who rate Valero Energy Corporation a buy, no analysts rate it a sell, and 4 rate it a hold.

TheStreet Ratings rates Valero Energy Corporation as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, attractive valuation levels, 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 Valero Energy 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 4 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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