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 7 points (0.0%) at 17,628 as of Monday, Nov. 17, 2014, 11:55 AM ET. The NYSE advances/declines ratio sits at 1,137 issues advancing vs. 1,826 declining with 176 unchanged.

The Energy industry currently sits down 1.5% versus the S&P 500, which is down 0.2%. Top gainers within the industry include Energy Transfer Partners ( ETP), up 2.6%, and Kinder Morgan ( KMI), up 1.3%. On the negative front, top decliners within the industry include Continental Resources ( CLR), down 3.5%, Pioneer Natural Resources ( PXD), down 3.1%, Petroleo Brasileiro SA Petrobras ( PBR.A), down 3.0%, Hess ( HES), down 2.9% and Noble Energy ( NBL), down 2.9%.

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

3. TransCanada ( TRP) is one of the companies pushing the Energy industry higher today. As of noon trading, TransCanada is up $1.06 (2.1%) to $50.45 on light volume. Thus far, 668,937 shares of TransCanada exchanged hands as compared to its average daily volume of 1.9 million shares. The stock has ranged in price between $49.50-$50.93 after having opened the day at $49.84 as compared to the previous trading day's close of $49.39.

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

TransCanada Corporation operates as an energy infrastructure company in North America. The company operates in three segments: Natural Gas Pipelines, Oil Pipelines, and Energy. TransCanada has a market cap of $35.2 billion and is part of the basic materials sector. Shares are up 8.2% year-to-date as of the close of trading on Friday. Currently there are 2 analysts who rate TransCanada a buy, no analysts rate it a sell, and 2 rate it a hold.

TheStreet Ratings rates TransCanada as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, expanding profit margins, good cash flow from operations and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full TransCanada 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, Phillips 66 ( PSX) is up $0.86 (1.2%) to $72.64 on average volume. Thus far, 1.5 million shares of Phillips 66 exchanged hands as compared to its average daily volume of 4.0 million shares. The stock has ranged in price between $71.79-$72.97 after having opened the day at $71.82 as compared to the previous trading day's close of $71.78.

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

Phillips 66 operates as an energy manufacturing and logistics company. It operates in four segments: Midstream, Chemicals, Refining, Marketing and Specialties. Phillips 66 has a market cap of $39.2 billion and is part of the basic materials sector. Shares are down 6.9% year-to-date as of the close of trading on Friday. Currently there are 9 analysts who rate Phillips 66 a buy, no analysts rate it a sell, and 5 rate it a hold.

TheStreet Ratings rates Phillips 66 as a hold. The company's strengths can be seen in multiple areas, such as its compelling growth in net income, attractive valuation levels and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including weak operating cash flow and poor profit margins. Get the full Phillips 66 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, Baker Hughes ( BHI) is up $6.45 (10.8%) to $66.34 on heavy volume. Thus far, 40.9 million shares of Baker Hughes exchanged hands as compared to its average daily volume of 5.0 million shares. The stock has ranged in price between $65.00-$67.81 after having opened the day at $66.53 as compared to the previous trading day's close of $59.89.

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

Baker Hughes Incorporated supplies oilfield services, products, technology, and systems to the oil and natural gas industry worldwide. Baker Hughes has a market cap of $25.4 billion and is part of the basic materials sector. Shares are up 8.4% year-to-date as of the close of trading on Friday. Currently there are 16 analysts who rate Baker Hughes a buy, no analysts rate it a sell, and 7 rate it a hold.

TheStreet Ratings rates Baker Hughes as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, growth in earnings per share, increase in net income and notable return on equity. We feel these strengths outweigh the fact that the company shows weak operating cash flow. Get the full Baker Hughes 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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