3 Stocks Boosting The Energy 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.

Two out of the three major indices are trading lower today with the Dow Jones Industrial Average ( ^DJI) trading down 12 points (-0.1%) at 16,435 as of Friday, May 16, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,512 issues advancing vs. 1,401 declining with 184 unchanged.

The Energy industry currently sits down 0.2% versus the S&P 500, which is unchanged. Top gainers within the industry include Statoil ASA ( STO), up 1.0%, Royal Dutch Shell ( RDS.B), up 0.7% and PetroChina ( PTR), up 0.6%. On the negative front, top decliners within the industry include Suncor Energy ( SU), down 1.4%, and Canadian Natural Resources ( CNQ), down 1.3%.

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

3. Kinder Morgan Energy Partners ( KMP) is one of the companies pushing the Energy industry higher today. As of noon trading, Kinder Morgan Energy Partners is up $1.09 (1.4%) to $76.53 on average volume. Thus far, 933,733 shares of Kinder Morgan Energy Partners exchanged hands as compared to its average daily volume of 1.7 million shares. The stock has ranged in price between $75.35-$76.75 after having opened the day at $75.45 as compared to the previous trading day's close of $75.44.

Kinder Morgan Energy Partners, L.P. operates as a pipeline transportation and energy storage company in North America. Kinder Morgan Energy Partners has a market cap of $24.1 billion and is part of the basic materials sector. Shares are down 6.5% year-to-date as of the close of trading on Thursday. Currently there are 5 analysts who rate Kinder Morgan Energy Partners a buy, 1 analyst rates it a sell, and 7 rate it a hold.

TheStreet Ratings rates Kinder Morgan Energy Partners as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth and expanding profit margins. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. Get the full Kinder Morgan Energy Partners Ratings Report now.

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