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.

Two out of the three major indices are trading lower today with the Dow Jones Industrial Average ( ^DJI) trading down 67 points (-0.4%) at 17,031 as of Tuesday, Sept. 2, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,211 issues advancing vs. 1,801 declining with 159 unchanged.

The Energy industry currently sits down 0.9% versus the S&P 500, which is down 0.3%. On the negative front, top decliners within the industry include Canadian Natural Resources ( CNQ), down 2.8%, Continental Resources ( CLR), down 2.8%, National Oilwell Varco ( NOV), down 2.3%, Apache Corporation ( APA), down 2.1% and Suncor Energy ( SU), down 2.1%.

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

3. PetroChina ( PTR) is one of the companies pushing the Energy industry higher today. As of noon trading, PetroChina is up $2.62 (1.9%) to $144.42 on average volume. Thus far, 62,063 shares of PetroChina exchanged hands as compared to its average daily volume of 132,500 shares. The stock has ranged in price between $144.13-$145.02 after having opened the day at $144.68 as compared to the previous trading day's close of $141.80.

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

PetroChina Company Limited produces and sells oil and gas in the People's Republic of China. The company operates in four segments: Exploration and Production, Refining and Chemicals, Marketing, and Natural Gas and Pipeline. PetroChina has a market cap of $259.5 billion and is part of the basic materials sector. Shares are up 29.2% year-to-date as of the close of trading on Friday. Currently there are 3 analysts who rate PetroChina a buy, no analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates PetroChina as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, growth in earnings per share, attractive valuation levels and good cash flow from operations. We feel these strengths outweigh the fact that the company shows low profit margins. Get the full PetroChina 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.

2. As of noon trading, Statoil ASA ( STO) is up $0.63 (2.2%) to $29.02 on heavy volume. Thus far, 2.0 million shares of Statoil ASA exchanged hands as compared to its average daily volume of 1.3 million shares. The stock has ranged in price between $28.94-$29.48 after having opened the day at $29.26 as compared to the previous trading day's close of $28.39.

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

Statoil ASA, an integrated energy company, is engaged in the exploration, production, transportation, refining, and marketing of petroleum and petroleum-derived products in Norway and internationally. Statoil ASA has a market cap of $90.5 billion and is part of the basic materials sector. Shares are up 17.6% year-to-date as of the close of trading on Friday. Currently there are 4 analysts who rate Statoil ASA a buy, 1 analyst rates it a sell, and 3 rate it a hold.

TheStreet Ratings rates Statoil ASA as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, compelling growth in net income, largely solid financial position with reasonable debt levels by most measures, attractive valuation levels and good cash flow from operations. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. Get the full Statoil ASA 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.

1. As of noon trading, Petroleo Brasileiro SA Petrobras ( PBR.A) is up $0.50 (2.4%) to $21.31 on heavy volume. Thus far, 6.9 million shares of Petroleo Brasileiro SA Petrobras exchanged hands as compared to its average daily volume of 8.7 million shares. The stock has ranged in price between $20.71-$21.48 after having opened the day at $20.99 as compared to the previous trading day's close of $20.81.

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

Petroleo Brasileiro S.A. - Petrobras operates as an integrated oil and gas company in Brazil and internationally. Petroleo Brasileiro SA Petrobras has a market cap of $135.7 billion and is part of the basic materials sector. Shares are up 41.7% year-to-date as of the close of trading on Friday.

TheStreet Ratings rates Petroleo Brasileiro SA Petrobras as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance and attractive valuation levels. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and poor profit margins. Get the full Petroleo Brasileiro SA Petrobras 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.

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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