3 Stocks Improving Performance Of The Energy Industry

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.

All three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading up 59 points (0.3%) at 18,083 as of Monday, May 4, 2015, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,918 issues advancing vs. 1,077 declining with 158 unchanged.

The Energy industry currently sits down 0.5% versus the S&P 500, which is up 0.4%. On the negative front, top decliners within the industry include Hess ( HES), down 1.9%, Cheniere Energy ( LNG), down 1.5%, Statoil ASA ( STO), down 1.4%, Total ( TOT), down 1.2% and Phillips 66 ( PSX), down 0.9%.

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

3. Encana ( ECA) is one of the companies pushing the Energy industry higher today. As of noon trading, Encana is up $0.27 (1.9%) to $14.29 on average volume. Thus far, 4.2 million shares of Encana exchanged hands as compared to its average daily volume of 8.5 million shares. The stock has ranged in price between $14.05-$14.38 after having opened the day at $14.07 as compared to the previous trading day's close of $14.02.

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Encana Corporation, together with its subsidiaries, engages in the development, exploration, production, and marketing of natural gas, oil, and natural gas liquids in Canada and the United States. Encana has a market cap of $10.5 billion and is part of the basic materials sector. Shares are up 1.1% year-to-date as of the close of trading on Friday. Currently there are 11 analysts who rate Encana a buy, no analysts rate it a sell, and 11 rate it a hold.

TheStreet Ratings rates Encana as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, compelling growth in net income and notable return on equity. However, as a counter to these strengths, we also find weaknesses including weak operating cash flow and a generally disappointing performance in the stock itself. Get the full Encana Ratings Report now.

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2. As of noon trading, Petroleo Brasileiro SA Petrobras ( PBR.A) is up $0.08 (0.9%) to $8.83 on light volume. Thus far, 6.8 million shares of Petroleo Brasileiro SA Petrobras exchanged hands as compared to its average daily volume of 18.9 million shares. The stock has ranged in price between $8.73-$8.90 after having opened the day at $8.75 as compared to the previous trading day's close of $8.75.

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Petroleo Brasileiro S.A. - Petrobras operates as an integrated energy company in Brazil and internationally. Petroleo Brasileiro SA Petrobras has a market cap of $56.6 billion and is part of the basic materials sector. Shares are up 15.4% year-to-date as of the close of trading on Friday.

TheStreet Ratings rates Petroleo Brasileiro SA Petrobras as a sell. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, disappointing return on equity, generally high debt management risk, generally disappointing historical performance in the stock itself and feeble growth in its earnings per share. Get the full Petroleo Brasileiro SA Petrobras Ratings Report now.

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1. As of noon trading, BP ( BP) is up $0.22 (0.5%) to $43.45 on average volume. Thus far, 2.9 million shares of BP exchanged hands as compared to its average daily volume of 6.7 million shares. The stock has ranged in price between $43.32-$43.63 after having opened the day at $43.37 as compared to the previous trading day's close of $43.23.

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BP p.l.c. operates as an integrated oil and gas company worldwide. It operates in three segments: Upstream, Downstream, and Rosneft. BP has a market cap of $143.9 billion and is part of the basic materials sector. Shares are up 13.4% year-to-date as of the close of trading on Friday. Currently there are 5 analysts who rate BP a buy, no analysts rate it a sell, and 6 rate it a hold.

TheStreet Ratings rates BP as a buy. The company's strengths can be seen in multiple areas, such as its good cash flow from operations and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. Get the full BP Ratings Report now.

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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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