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 down today with the Dow Jones Industrial Average ( ^DJI) trading down 77 points (-0.4%) at 17,034 as of Tuesday, Sept. 9, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 824 issues advancing vs. 2,132 declining with 162 unchanged.

The Energy industry currently sits down 0.2% versus the S&P 500, which is down 0.3%. On the negative front, top decliners within the industry include Petroleo Brasileiro SA Petrobras ( PBR), down 2.1%, China Petroleum & Chemical ( SNP), down 0.6% and PetroChina ( PTR), down 0.5%.

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

3. Enbridge ( ENB) is one of the companies pushing the Energy industry higher today. As of noon trading, Enbridge is up $0.41 (0.8%) to $50.91 on average volume. Thus far, 466,321 shares of Enbridge exchanged hands as compared to its average daily volume of 805,200 shares. The stock has ranged in price between $50.20-$51.00 after having opened the day at $50.36 as compared to the previous trading day's close of $50.50.

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Enbridge Inc. operates as an energy transportation and distribution company in the United States and Canada. Its Liquids Pipelines segment operates common carrier and contract crude oil, natural gas liquids (NGL), and refined products pipelines and terminals. Enbridge has a market cap of $43.0 billion and is part of the basic materials sector. Shares are up 15.6% year-to-date as of the close of trading on Monday. Currently there are 4 analysts who rate Enbridge a buy, no analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates Enbridge as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, compelling growth in net income, solid stock price performance, impressive record of earnings per share growth and notable return on equity. 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 Enbridge 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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