3 Energy Stocks Driving The 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.

All three major indices are trading down today with the Dow Jones Industrial Average ( ^DJI) trading down 28 points (-0.2%) at 17,094 as of Thursday, Aug. 28, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,204 issues advancing vs. 1,745 declining with 194 unchanged.

The Energy industry currently sits up 0.1% versus the S&P 500, which is down 0.1%. On the negative front, top decliners within the industry include Tenaris ( TS), down 1.9%, China Petroleum & Chemical ( SNP), down 1.5%, Halliburton ( HAL), down 1.2%, Statoil ASA ( STO), down 0.7% and Petroleo Brasileiro SA Petrobras ( PBR.A), down 0.6%.

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

3. Energy Transfer Equity ( ETE) is one of the companies pushing the Energy industry higher today. As of noon trading, Energy Transfer Equity is up $0.85 (1.4%) to $60.85 on average volume. Thus far, 587,186 shares of Energy Transfer Equity exchanged hands as compared to its average daily volume of 1.3 million shares. The stock has ranged in price between $59.55-$61.00 after having opened the day at $60.00 as compared to the previous trading day's close of $60.00.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

Energy Transfer Equity, L.P., through its subsidiaries, provides diversified energy-related services in the Unites States. The company sells natural gas to electric utilities, independent power plants, local distribution companies, industrial end-users, and other marketing companies. Energy Transfer Equity has a market cap of $31.9 billion and is part of the basic materials sector. Shares are up 46.8% year-to-date as of the close of trading on Wednesday. Currently there are 7 analysts who rate Energy Transfer Equity a buy, no analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates Energy Transfer Equity as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, notable return on equity, good cash flow from operations, increase in net income and solid stock price performance. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated. Get the full Energy Transfer Equity Ratings Report now.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

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