5 Stocks Raising The Energy Industry Higher

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All three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading up 91 points (0.6%) at 15,720 as of Friday, Feb. 7, 2014, 11:55 AM ET. The NYSE advances/declines ratio sits at 2,156 issues advancing vs. 753 declining with 162 unchanged.

The Energy industry currently sits up 0.2% versus the S&P 500, which is up 0.6%. Top gainers within the industry include Valero Energy Corporation ( VLO), up 2.9%, Marathon Petroleum ( MPC), up 2.5%, Apache Corporation ( APA), up 1.3%, Halliburton Company ( HAL), up 1.2% and Suncor Energy ( SU), up 1.0%. On the negative front, top decliners within the industry include Encana ( ECA), down 2.6%, and Chevron ( CVX), down 0.6%.

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

5. Statoil ASA ( STO) is one of the companies pushing the Energy industry higher today. As of noon trading, Statoil ASA is up $1.27 (5.3%) to $25.21 on heavy volume. Thus far, 1.4 million shares of Statoil ASA exchanged hands as compared to its average daily volume of 1.1 million shares. The stock has ranged in price between $25.14-$25.50 after having opened the day at $25.22 as compared to the previous trading day's close of $23.94.

Statoil ASA, an integrated energy company, engages in the exploration, production, transportation, refining, and marketing of petroleum and petroleum-derived products in Norway and internationally. Statoil ASA has a market cap of $75.3 billion and is part of the basic materials sector. Shares are down 0.8% year-to-date as of the close of trading on Thursday. Currently there are 5 analysts who rate Statoil ASA a buy, no analysts rate it a sell, and 2 rate it a hold.

TheStreet Ratings rates Statoil ASA as a buy. The company's strengths can be seen in multiple areas, such as its attractive valuation levels, expanding profit margins, good cash flow from operations and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had somewhat weak growth in earnings per share. Get the full Statoil ASA Ratings Report now.

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