3 Stocks Driving 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.

All three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading up 84 points (0.5%) at 17,140 as of Wednesday, Sept. 24, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,536 issues advancing vs. 1,417 declining with 186 unchanged.

The Energy industry currently sits down 0.5% versus the S&P 500, which is up 0.4%. Top gainers within the industry include China Petroleum & Chemical ( SNP), up 3.1%, and Total ( TOT), up 2.3%. On the negative front, top decliners within the industry include Halliburton ( HAL), down 2.1%, ConocoPhillips ( COP), down 1.4% and Schlumberger ( SLB), down 0.8%.

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 $3.62 (2.8%) to $134.14 on average volume. Thus far, 66,237 shares of PetroChina exchanged hands as compared to its average daily volume of 137,700 shares. The stock has ranged in price between $133.27-$134.25 after having opened the day at $133.83 as compared to the previous trading day's close of $130.52.

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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 $239.2 billion and is part of the basic materials sector. Shares are up 18.9% year-to-date as of the close of trading on Tuesday. Currently there are 2 analysts who rate PetroChina a buy, no analysts rate it a sell, and 2 rate 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.

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