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.

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, Baker Hughes ( BHI) is up $3.14 (4.7%) to $69.45 on heavy volume. Thus far, 5.6 million shares of Baker Hughes exchanged hands as compared to its average daily volume of 4.3 million shares. The stock has ranged in price between $68.40-$69.80 after having opened the day at $68.90 as compared to the previous trading day's close of $66.31.

Baker Hughes Incorporated supplies oilfield services, products, technology, and systems to the oil and natural gas industry worldwide. Baker Hughes has a market cap of $28.5 billion and is part of the basic materials sector. Shares are up 20.0% year-to-date as of the close of trading on Wednesday. Currently there are 15 analysts who rate Baker Hughes a buy, no analysts rate it a sell, and 11 rate it a hold.

TheStreet Ratings rates Baker Hughes 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, 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 Baker Hughes 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, EOG Resources ( EOG) is up $1.40 (1.4%) to $102.41 on average volume. Thus far, 1.7 million shares of EOG Resources exchanged hands as compared to its average daily volume of 4.1 million shares. The stock has ranged in price between $100.84-$102.68 after having opened the day at $100.84 as compared to the previous trading day's close of $101.01.

EOG Resources, Inc., together with its subsidiaries, explores for, develops, produces, and markets crude oil and natural gas. EOG Resources has a market cap of $55.2 billion and is part of the basic materials sector. Shares are up 20.4% year-to-date as of the close of trading on Wednesday. Currently there are 21 analysts who rate EOG Resources a buy, no analysts rate it a sell, and 6 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, largely solid financial position with reasonable debt levels by most measures, solid stock price performance, impressive record of earnings per share growth and compelling growth in net income. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. Get the full EOG Resources 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 3 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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