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.

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, BP ( BP) is up $0.34 (0.7%) to $51.24 on average volume. Thus far, 3.4 million shares of BP exchanged hands as compared to its average daily volume of 5.4 million shares. The stock has ranged in price between $50.94-$51.25 after having opened the day at $51.02 as compared to the previous trading day's close of $50.90.

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 $171.7 billion and is part of the basic materials sector. Shares are up 4.7% year-to-date as of the close of trading on Thursday. Currently there are 5 analysts who rate BP a buy, 1 analyst rates it a sell, and 5 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, solid stock price performance, 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, National Oilwell Varco ( NOV) is up $1.13 (1.4%) to $81.57 on average volume. Thus far, 2.0 million shares of National Oilwell Varco exchanged hands as compared to its average daily volume of 3.9 million shares. The stock has ranged in price between $80.32-$81.72 after having opened the day at $80.50 as compared to the previous trading day's close of $80.44.

National Oilwell Varco, Inc. provides equipment and components for oil and gas drilling and production; oilfield services; and supply chain integration services to the upstream oil and gas industry worldwide. National Oilwell Varco has a market cap of $34.8 billion and is part of the basic materials sector. Shares are up 1.1% year-to-date as of the close of trading on Thursday. Currently there are 11 analysts who rate National Oilwell Varco a buy, 1 analyst rates it a sell, and 6 rate it a hold.

TheStreet Ratings rates National Oilwell Varco as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, revenue growth, largely solid financial position with reasonable debt levels by most measures, attractive valuation levels 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 National Oilwell Varco 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).

null

More from Markets

Inside Carnival's Mind Blowing New Horizon Cruise Ship (Video)

Inside Carnival's Mind Blowing New Horizon Cruise Ship (Video)

Jim Cramer: The 10-Year Yield Could Go to 2.75%

Jim Cramer: The 10-Year Yield Could Go to 2.75%

Oil Slumps, Gas Spikes Ahead of Holiday Weekend; Assessing the Chipmakers--ICYMI

Oil Slumps, Gas Spikes Ahead of Holiday Weekend; Assessing the Chipmakers--ICYMI

Week Ahead: Wall Street Looks to Jobs Report as North Korea Meeting Less Certain

Week Ahead: Wall Street Looks to Jobs Report as North Korea Meeting Less Certain

Dow and S&P 500 Decline, Energy Shares Fall as U.S. Crude Oil Slides 4%

Dow and S&P 500 Decline, Energy Shares Fall as U.S. Crude Oil Slides 4%