Today's Top Performers In Energy

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.

One out of the three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading up 8 points (0.0%) at 16,964 as of Wednesday, July 2, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,180 issues advancing vs. 1,847 declining with 143 unchanged.

The Energy industry currently sits down 0.4% versus the S&P 500, which is unchanged. Top gainers within the industry include YPF Sociedad Anonima ( YPF), up 2.1%, Marathon Petroleum ( MPC), up 1.6%, China Petroleum & Chemical ( SNP), up 0.7% and Phillips 66 ( PSX), up 0.5%. On the negative front, top decliners within the industry include Concho Resources ( CXO), down 1.9%, Ultrapar Participacoes ( UGP), down 1.9%, Pioneer Natural Resources ( PXD), down 1.7%, Continental Resources ( CLR), down 1.6% and Statoil ASA ( STO), down 1.2%.

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

3. BP ( BP) is one of the companies pushing the Energy industry higher today. As of noon trading, BP is up $0.39 (0.7%) to $53.39 on average volume. Thus far, 2.4 million shares of BP exchanged hands as compared to its average daily volume of 3.9 million shares. The stock has ranged in price between $53.20-$53.48 after having opened the day at $53.41 as compared to the previous trading day's close of $53.00.

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 $162.1 billion and is part of the basic materials sector. Shares are up 9.0% year-to-date as of the close of trading on Tuesday. Currently there are 6 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 attractive valuation levels, good cash flow from operations, solid stock price performance and largely solid financial position with reasonable debt levels by most measures. 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.

2. As of noon trading, Cabot Oil & Gas ( COG) is up $0.48 (1.4%) to $34.82 on light volume. Thus far, 2.0 million shares of Cabot Oil & Gas exchanged hands as compared to its average daily volume of 6.4 million shares. The stock has ranged in price between $34.22-$34.84 after having opened the day at $34.22 as compared to the previous trading day's close of $34.34.

Cabot Oil & Gas Corporation, an independent oil and gas company, is engaged in the development, exploitation, exploration, production, and marketing of natural gas, crude oil, and natural gas liquids in the United States. Cabot Oil & Gas has a market cap of $14.2 billion and is part of the basic materials sector. Shares are down 11.4% year-to-date as of the close of trading on Tuesday. Currently there are 18 analysts who rate Cabot Oil & Gas a buy, no analysts rate it a sell, and 4 rate it a hold.

TheStreet Ratings rates Cabot Oil & Gas 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 expanding profit margins. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. Get the full Cabot Oil & Gas 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, Baker Hughes ( BHI) is up $0.77 (1.0%) to $75.30 on average volume. Thus far, 1.9 million shares of Baker Hughes exchanged hands as compared to its average daily volume of 3.7 million shares. The stock has ranged in price between $74.73-$75.64 after having opened the day at $75.07 as compared to the previous trading day's close of $74.53.

Baker Hughes Incorporated supplies oilfield services, products, technology, and systems to the oil and natural gas industry worldwide. Baker Hughes has a market cap of $32.5 billion and is part of the basic materials sector. Shares are up 34.9% year-to-date as of the close of trading on Tuesday. Currently there are 14 analysts who rate Baker Hughes a buy, no analysts rate it a sell, and 11 rate it a hold.

TheStreet Ratings rates Baker Hughes 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, growth in earnings per share and increase in net income. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. Get the full Baker Hughes 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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