3 Stocks Moving The Energy Industry Upward

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 4 points (0.0%) at 16,511 as of Wednesday, April 23, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,718 issues advancing vs. 1,280 declining with 133 unchanged.

The Energy industry currently sits up 0.7% versus the S&P 500, which is down 0.1%. Top gainers within the industry include FMC Technologies ( FTI), up 5.1%, Suncor Energy ( SU), up 2.9%, Halliburton ( HAL), up 2.4%, EOG Resources ( EOG), up 2.0% and Cenovus Energy ( CVE), up 1.5%. A company within the industry that fell today was Ecopetrol ( EC), up 0.9%.

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 (2.5%) to $29.18 on average volume. Thus far, 3.9 million shares of Chesapeake Energy exchanged hands as compared to its average daily volume of 9.9 million shares. The stock has ranged in price between $28.38-$29.25 after having opened the day at $28.46 as compared to the previous trading day's close of $28.46.

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 $19.0 billion and is part of the basic materials sector. Shares are up 4.9% year-to-date as of the close of trading on Tuesday. 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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2. As of noon trading, Schlumberger ( SLB) is up $0.69 (0.7%) to $102.72 on average volume. Thus far, 2.7 million shares of Schlumberger exchanged hands as compared to its average daily volume of 6.1 million shares. The stock has ranged in price between $101.77-$102.76 after having opened the day at $102.02 as compared to the previous trading day's close of $102.03.

Schlumberger Limited, together with its subsidiaries, supplies technology, integrated project management, and information solutions to oil and gas exploration and production industries worldwide. It operates through three groups: Reservoir Characterization, Drilling, and Production. Schlumberger has a market cap of $133.0 billion and is part of the basic materials sector. Shares are up 13.2% year-to-date as of the close of trading on Tuesday. Currently there are 25 analysts who rate Schlumberger a buy, no analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates Schlumberger 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, solid stock price performance, impressive record of earnings per share growth and compelling growth in net income. We feel these strengths outweigh the fact that the company shows low profit margins. Get the full Schlumberger 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, Chevron ( CVX) is up $0.81 (0.7%) to $124.81 on light volume. Thus far, 2.5 million shares of Chevron exchanged hands as compared to its average daily volume of 6.8 million shares. The stock has ranged in price between $124.19-$124.96 after having opened the day at $124.19 as compared to the previous trading day's close of $124.00.

Chevron Corporation, through its subsidiaries, is engaged in petroleum, chemicals, mining, power generation, and energy operations worldwide. The company operates in two segments, Upstream and Downstream. Chevron has a market cap of $236.5 billion and is part of the basic materials sector. Shares are down 0.7% year-to-date as of the close of trading on Tuesday. Currently there are 9 analysts who rate Chevron a buy, no analysts rate it a sell, and 4 rate it a hold.

TheStreet Ratings rates Chevron as a buy. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, attractive valuation levels and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had somewhat weak growth in earnings per share. Get the full Chevron 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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