3 Energy Stocks Nudging The Industry Higher

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 34 points (0.2%) at 16,585 as of Friday, May 9, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,493 issues advancing vs. 1,448 declining with 155 unchanged.

The Energy industry currently sits down 0.7% versus the S&P 500, which is up 0.1%. Top gainers within the industry include Gulfport Energy ( GPOR), up 3.5%, China Petroleum & Chemical ( SNP), up 1.1% and PetroChina ( PTR), up 0.6%. On the negative front, top decliners within the industry include Dril-Quip ( DRQ), down 6.8%, Crescent Point Energy ( CPG), down 2.2%, Valero Energy ( VLO), down 1.9%, Tenaris ( TS), down 1.7% and Phillips 66 ( PSX), down 1.4%.

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 $0.49 (1.7%) to $29.63 on average volume. Thus far, 4.4 million shares of Chesapeake Energy exchanged hands as compared to its average daily volume of 9.1 million shares. The stock has ranged in price between $29.01-$29.67 after having opened the day at $29.07 as compared to the previous trading day's close of $29.14.

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 $19.7 billion and is part of the basic materials sector. Shares are up 7.4% year-to-date as of the close of trading on Thursday. Currently there are 5 analysts who rate Chesapeake Energy a buy, 1 analyst rates it a sell, and 17 rate it a hold.

TheStreet Ratings rates Chesapeake Energy as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, impressive record of earnings per share growth, compelling growth in net income, good cash flow from operations and solid stock price performance. We feel these strengths outweigh the fact that the company shows low profit margins. 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, Apache Corporation ( APA) is up $0.59 (0.7%) to $88.62 on average volume. Thus far, 2.1 million shares of Apache Corporation exchanged hands as compared to its average daily volume of 3.2 million shares. The stock has ranged in price between $87.84-$89.06 after having opened the day at $88.50 as compared to the previous trading day's close of $88.03.

Apache Corporation, an independent energy company, explores for, develops, and produces natural gas, crude oil, and natural gas liquids. Apache Corporation has a market cap of $34.6 billion and is part of the basic materials sector. Shares are up 2.4% year-to-date as of the close of trading on Thursday. Currently there are 10 analysts who rate Apache Corporation a buy, no analysts rate it a sell, and 11 rate it a hold.

TheStreet Ratings rates Apache Corporation as a hold. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, reasonable valuation levels and good cash flow from operations. However, as a counter to these strengths, we find that the growth in the company's net income has been quite unimpressive. Get the full Apache Corporation 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, Occidental Petroleum ( OXY) is up $0.89 (0.9%) to $96.08 on average volume. Thus far, 1.9 million shares of Occidental Petroleum exchanged hands as compared to its average daily volume of 4.1 million shares. The stock has ranged in price between $95.36-$96.26 after having opened the day at $95.82 as compared to the previous trading day's close of $95.19.

Occidental Petroleum Corporation is engaged in the acquisition, exploration, and development of oil and gas properties in the United States and internationally. The company operates in three segments: Oil and Gas; Chemical; and Midstream, Marketing and Other. Occidental Petroleum has a market cap of $75.6 billion and is part of the basic materials sector. Shares are up 0.1% year-to-date as of the close of trading on Thursday. Currently there are 11 analysts who rate Occidental Petroleum a buy, no analysts rate it a sell, and 7 rate it a hold.

TheStreet Ratings rates Occidental Petroleum 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, expanding profit margins, good cash flow from operations 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 Occidental 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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