5 Stocks Improving Performance Of 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 up today with the Dow Jones Industrial Average ( ^DJI) trading up 80 points (0.5%) at 15,453 as of Tuesday, Feb. 4, 2014, 11:55 AM ET. The NYSE advances/declines ratio sits at 2,024 issues advancing vs. 894 declining with 170 unchanged.

The Energy industry currently sits up 0.5% versus the S&P 500, which is up 0.7%. Top gainers within the industry include YPF Sociedad Anonima ( YPF), up 5.5%, Cabot Oil & Gas Corporation ( COG), up 3.5%, Cimarex Energy Company ( XEC), up 3.4%, Encana ( ECA), up 3.2% and Range Resources Corporation ( RRC), up 3.2%. On the negative front, top decliners within the industry include Sunoco Logistics Partners ( SXL), down 3.1%, Energy Transfer Equity ( ETE), down 1.9% and Magellan Midstream Partners L.P ( MMP), down 1.6%.

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

5. EOG Resources ( EOG) is one of the companies pushing the Energy industry higher today. As of noon trading, EOG Resources is up $3.72 (2.3%) to $165.46 on average volume. Thus far, 1.1 million 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 $162.50-$167.18 after having opened the day at $162.67 as compared to the previous trading day's close of $161.74.

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 $45.1 billion and is part of the basic materials sector. The company has a P/E ratio of 40.7, above the S&P 500 P/E ratio of 17.7. Shares are down 3.6% year-to-date as of the close of trading on Monday. Currently there are 20 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.

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