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.

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 $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.

2. As of noon trading, Statoil ASA ( STO) is up $0.20 (0.7%) to $27.90 on average volume. Thus far, 831,121 shares of Statoil ASA exchanged hands as compared to its average daily volume of 1.4 million shares. The stock has ranged in price between $27.64-$27.97 after having opened the day at $27.95 as compared to the previous trading day's close of $27.70.

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 $90.6 billion and is part of the basic materials sector. Shares are up 14.8% year-to-date as of the close of trading on Tuesday. Currently there are 3 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 no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. 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, Occidental Petroleum ( OXY) is up $0.80 (0.8%) to $97.26 on heavy volume. Thus far, 2.5 million shares of Occidental Petroleum exchanged hands as compared to its average daily volume of 3.3 million shares. The stock has ranged in price between $96.30-$97.75 after having opened the day at $97.52 as compared to the previous trading day's close of $96.46.

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

Occidental Petroleum Corporation engages in the acquisition, exploration, and development of oil and gas properties in the United States and internationally. The company operates in three segments: Oil and Gas; Chemical; and Midstream, Marketing and Other. Occidental Petroleum has a market cap of $75.6 billion and is part of the basic materials sector. Shares are up 1.4% year-to-date as of the close of trading on Tuesday. Currently there are 10 analysts who rate Occidental Petroleum a buy, no analysts rate it a sell, and 9 rate it a hold.

TheStreet Ratings rates Occidental Petroleum as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, expanding profit margins, increase in net income, largely solid financial position with reasonable debt levels by most measures and increase in stock price during the past year. We feel these strengths outweigh the fact that the company shows weak operating cash flow. Get the full Occidental Petroleum 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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