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.

One out of the three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading up 15 points (0.1%) at 17,122 as of Wednesday, Aug. 27, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,632 issues advancing vs. 1,319 declining with 192 unchanged.

The Energy industry currently sits up 0.3% versus the S&P 500, which is unchanged. Top gainers within the industry include Petroleo Brasileiro SA Petrobras ( PBR), up 3.1%, Ecopetrol ( EC), up 1.4% and TransCanada ( TRP), up 1.3%. On the negative front, top decliners within the industry include Talisman Energy ( TLM), down 3.6%, and China Petroleum & Chemical ( SNP), down 1.5%.

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

3. Suncor Energy ( SU) is one of the companies pushing the Energy industry higher today. As of noon trading, Suncor Energy is up $0.29 (0.7%) to $40.62 on average volume. Thus far, 1.3 million shares of Suncor Energy exchanged hands as compared to its average daily volume of 3.1 million shares. The stock has ranged in price between $40.35-$40.68 after having opened the day at $40.63 as compared to the previous trading day's close of $40.33.

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Suncor Energy Inc., together with its subsidiaries, operates as an integrated energy company. Suncor Energy has a market cap of $59.1 billion and is part of the basic materials sector. Shares are up 15.1% year-to-date as of the close of trading on Tuesday. Currently there are 11 analysts who rate Suncor Energy a buy, no analysts rate it a sell, and 2 rate it a hold.

TheStreet Ratings rates Suncor Energy 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, reasonable valuation levels, increase in stock price during the past year 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 Suncor Energy Ratings Report now.

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