3 Energy Stocks On The Rise

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.

One out of the three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading down 10 points (-0.1%) at 16,415 as of Thursday, April 17, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,581 issues advancing vs. 1,369 declining with 186 unchanged.

The Energy industry currently sits up 0.5% versus the S&P 500, which is unchanged. Top gainers within the industry include Chevron ( CVX), up 1.5%, Canadian Natural Resources ( CNQ), up 1.3%, ConocoPhillips ( COP), up 1.1%, Suncor Energy ( SU), up 1.0% and Exxon Mobil Corporation ( XOM), up 0.8%. A company within the industry that fell today was Ecopetrol S.A ( EC), up 1.2%.

TheStreet would like to highlight 3 stocks pushing the industry higher today:

3. Chesapeake Energy ( CHK) is one of the companies pushing the Energy industry higher today. As of noon trading, Chesapeake Energy is up $0.72 (2.6%) to $28.21 on average volume. Thus far, 4.6 million shares of Chesapeake Energy exchanged hands as compared to its average daily volume of 10.0 million shares. The stock has ranged in price between $27.34-$28.25 after having opened the day at $27.50 as compared to the previous trading day's close of $27.49.

Chesapeake Energy Corporation is engaged in the acquisition, exploration, and development of properties for the production of natural gas, oil, and natural gas liquids (NGL) from underground reservoirs in the United States. Chesapeake Energy has a market cap of $18.1 billion and is part of the basic materials sector. Shares are up 1.3% year-to-date as of the close of trading on Wednesday. Currently there are 5 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 hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, good cash flow from operations and solid stock price performance. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income, poor profit margins and generally higher debt management risk. Get the full Chesapeake Energy Ratings Report now.

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