3 Energy Stocks Pushing Industry Growth

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 14 points (0.1%) at 16,515 as of Thursday, April 24, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,645 issues advancing vs. 1,332 declining with 182 unchanged.

The Energy industry currently sits up 0.3% versus the S&P 500, which is up 0.3%. Top gainers within the industry include Diamond Offshore Drilling ( DO), up 7.6%, Cabot Oil & Gas ( COG), up 4.5%, Devon Energy ( DVN), up 1.1%, Total ( TOT), up 1.0% and TransCanada ( TRP), up 1.0%. On the negative front, top decliners within the industry include Williams Companies ( WMB), down 1.4%, Williams Partners ( WPZ), down 1.1%, Halliburton ( HAL), down 0.8% and China Petroleum & Chemical ( SNP), down 0.8%.

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

3. Transocean ( RIG) is one of the companies pushing the Energy industry higher today. As of noon trading, Transocean is up $1.19 (2.9%) to $42.61 on average volume. Thus far, 3.0 million shares of Transocean exchanged hands as compared to its average daily volume of 5.5 million shares. The stock has ranged in price between $41.23-$42.62 after having opened the day at $41.53 as compared to the previous trading day's close of $41.42.

Transocean Ltd., together with its subsidiaries, provides offshore contract drilling services for oil and gas wells worldwide. The company provides deepwater and harsh environment drilling, oil and gas drilling management, and drilling engineering and drilling project management services. Transocean has a market cap of $14.9 billion and is part of the basic materials sector. Shares are down 16.2% year-to-date as of the close of trading on Wednesday. Currently there are 4 analysts who rate Transocean a buy, 4 analysts rate it a sell, and 15 rate it a hold.

TheStreet Ratings rates Transocean as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, attractive valuation levels and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income, poor profit margins and weak operating cash flow. Get the full Transocean Ratings Report now.

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2. As of noon trading, BP ( BP) is up $0.57 (1.2%) to $49.38 on average volume. Thus far, 3.6 million shares of BP exchanged hands as compared to its average daily volume of 5.2 million shares. The stock has ranged in price between $48.96-$49.50 after having opened the day at $49.17 as compared to the previous trading day's close of $48.81.

BP p.l.c. provides fuel for transportation, energy for heat and light, lubricants to engines, and petrochemicals products worldwide. BP has a market cap of $167.0 billion and is part of the basic materials sector. Shares are up 0.4% year-to-date as of the close of trading on Wednesday. Currently there are 5 analysts who rate BP a buy, 1 analyst rates it a sell, and 4 rate it a hold.

TheStreet Ratings rates BP as a buy. The company's strengths can be seen in multiple areas, such as its reasonable valuation levels, increase in stock price during the past year, largely solid financial position with reasonable debt levels by most measures and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full BP 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, Anadarko Petroleum ( APC) is up $1.53 (1.6%) to $100.51 on average volume. Thus far, 3.0 million shares of Anadarko Petroleum exchanged hands as compared to its average daily volume of 5.3 million shares. The stock has ranged in price between $98.96-$101.29 after having opened the day at $99.34 as compared to the previous trading day's close of $98.98.

Anadarko Petroleum Corporation is engaged in the exploration, development, production, and marketing of oil and gas properties. It operates through three segments: Oil and Gas Exploration and Production; Midstream; and Marketing. Anadarko Petroleum has a market cap of $50.7 billion and is part of the basic materials sector. Shares are up 24.8% year-to-date as of the close of trading on Wednesday. Currently there are 19 analysts who rate Anadarko Petroleum a buy, no analysts rate it a sell, and 2 rate it a hold.

TheStreet Ratings rates Anadarko Petroleum as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, expanding profit margins and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and weak operating cash flow. Get the full Anadarko Petroleum 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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