3 Energy Stocks Moving The Industry Upward

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 67 points (0.4%) at 16,436 as of Friday, Aug. 8, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,992 issues advancing vs. 961 declining with 169 unchanged.

The Energy industry currently sits up 0.7% versus the S&P 500, which is up 0.4%. Top gainers within the industry include PetroChina ( PTR), up 2.4%, China Petroleum & Chemical ( SNP), up 2.1%, Enterprise Products Partners ( EPD), up 1.3% and Total ( TOT), up 0.5%. On the negative front, top decliners within the industry include Petroleo Brasileiro SA Petrobras ( PBR), down 3.6%, and Royal Dutch Shell ( RDS.A), down 0.6%.

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

3. ConocoPhillips ( COP) is one of the companies pushing the Energy industry higher today. As of noon trading, ConocoPhillips is up $0.82 (1.0%) to $80.41 on light volume. Thus far, 1.4 million shares of ConocoPhillips exchanged hands as compared to its average daily volume of 5.1 million shares. The stock has ranged in price between $79.69-$80.46 after having opened the day at $79.73 as compared to the previous trading day's close of $79.59.

ConocoPhillips explores for, develops, and produces crude oil, bitumen, natural gas, liquefied natural gas, and natural gas liquids worldwide. ConocoPhillips has a market cap of $99.1 billion and is part of the basic materials sector. Shares are up 12.7% year-to-date as of the close of trading on Thursday. Currently there are 7 analysts who rate ConocoPhillips a buy, 3 analysts rate it a sell, and 5 rate it a hold.

TheStreet Ratings rates ConocoPhillips 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, attractive valuation levels, solid stock price performance and increase in net income. We feel these strengths outweigh the fact that the company shows weak operating cash flow. Get the full ConocoPhillips Ratings Report now.

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2. As of noon trading, Schlumberger ( SLB) is up $0.60 (0.6%) to $107.61 on light volume. Thus far, 1.7 million shares of Schlumberger exchanged hands as compared to its average daily volume of 5.5 million shares. The stock has ranged in price between $107.20-$108.17 after having opened the day at $107.25 as compared to the previous trading day's close of $107.01.

Schlumberger Limited, together with its subsidiaries, supplies technology, integrated project management, and information solutions to oil and gas exploration and production industries worldwide. It operates through three groups: Reservoir Characterization, Drilling, and Production. Schlumberger has a market cap of $139.5 billion and is part of the basic materials sector. Shares are up 18.8% year-to-date as of the close of trading on Thursday. Currently there are 21 analysts who rate Schlumberger a buy, no analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates Schlumberger 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, notable return on equity, solid stock price performance and good cash flow from operations. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full Schlumberger 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, Chevron ( CVX) is up $0.78 (0.6%) to $126.43 on light volume. Thus far, 1.7 million shares of Chevron exchanged hands as compared to its average daily volume of 5.4 million shares. The stock has ranged in price between $125.91-$126.72 after having opened the day at $126.07 as compared to the previous trading day's close of $125.65.

Chevron Corporation, through its subsidiaries, is engaged in petroleum, chemicals, mining, power generation, and energy operations worldwide. The company operates in two segments, Upstream and Downstream. Chevron has a market cap of $239.3 billion and is part of the basic materials sector. Shares are up 0.6% year-to-date as of the close of trading on Thursday. Currently there are 7 analysts who rate Chevron a buy, 1 analyst rates it a sell, and 6 rate it a hold.

TheStreet Ratings rates Chevron 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, attractive valuation levels, increase in net income and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. Get the full Chevron 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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