Energy Stocks On The Rise With Help From 3 Stocks

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 down today with the Dow Jones Industrial Average ( ^DJI) trading down 73 points (-0.4%) at 17,997 as of Tuesday, May 5, 2015, 12:55 PM ET. The NYSE advances/declines ratio sits at 723 issues advancing vs. 2,287 declining with 141 unchanged.

The Energy industry currently sits up 0.6% versus the S&P 500, which is down 0.7%. Top gainers within the industry include Petroleo Brasileiro SA Petrobras ( PBR), up 5.6%, and ConocoPhillips ( COP), up 0.6%. On the negative front, top decliners within the industry include Pioneer Natural Resources ( PXD), down 2.4%, China Petroleum & Chemical ( SNP), down 1.9%, Anadarko Petroleum ( APC), down 1.9% and Williams Companies ( WMB), down 1.4%.

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

3. Seadrill ( SDRL) is one of the companies pushing the Energy industry higher today. As of noon trading, Seadrill is up $1.36 (10.2%) to $14.68 on heavy volume. Thus far, 19.1 million shares of Seadrill exchanged hands as compared to its average daily volume of 13.2 million shares. The stock has ranged in price between $13.76-$15.08 after having opened the day at $13.78 as compared to the previous trading day's close of $13.32.

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Seadrill Limited, an offshore drilling contractor, provides offshore drilling services to the oil and gas industry worldwide. The company operates through Floaters and Jack-up Rigs segments. Seadrill has a market cap of $6.5 billion and is part of the basic materials sector. Shares are up 10.7% year-to-date as of the close of trading on Monday. Currently there are 2 analysts who rate Seadrill a buy, 1 analyst rates it a sell, and 3 rate it a hold.

TheStreet Ratings rates Seadrill as a hold. The company's strengths can be seen in multiple areas, such as its notable return on equity, attractive valuation levels and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including generally higher debt management risk, weak operating cash flow and a generally disappointing performance in the stock itself. Get the full Seadrill Ratings Report now.

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2. As of noon trading, National Oilwell Varco ( NOV) is up $1.14 (2.1%) to $55.88 on light volume. Thus far, 1.8 million shares of National Oilwell Varco exchanged hands as compared to its average daily volume of 7.0 million shares. The stock has ranged in price between $54.82-$56.03 after having opened the day at $55.47 as compared to the previous trading day's close of $54.74.

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National Oilwell Varco, Inc. designs, manufactures, and sells equipment and components used in oil and gas drilling, completion, and production; and provides oilfield services to the upstream oil and gas industry worldwide. National Oilwell Varco has a market cap of $21.6 billion and is part of the basic materials sector. Shares are down 16.5% year-to-date as of the close of trading on Monday. Currently there are 9 analysts who rate National Oilwell Varco a buy, 2 analysts rate it a sell, and 15 rate it a hold.

TheStreet Ratings rates National Oilwell Varco as a hold. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, reasonable valuation levels and notable return on equity. However, as a counter to these strengths, we also find weaknesses including poor profit margins, deteriorating net income and a generally disappointing performance in the stock itself. Get the full National Oilwell Varco Ratings Report now.

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1. As of noon trading, Chevron ( CVX) is up $0.55 (0.5%) to $108.87 on average volume. Thus far, 3.3 million shares of Chevron exchanged hands as compared to its average daily volume of 7.3 million shares. The stock has ranged in price between $108.81-$109.93 after having opened the day at $109.24 as compared to the previous trading day's close of $108.32.

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Chevron Corporation, through its subsidiaries, engages in the petroleum, chemicals, and power and energy operations worldwide. The company operates in two segments, Upstream and Downstream. Chevron has a market cap of $205.0 billion and is part of the basic materials sector. Shares are down 2.8% year-to-date as of the close of trading on Monday. Currently there are 7 analysts who rate Chevron a buy, 1 analyst rates it a sell, and 6 rate it a hold.

TheStreet Ratings rates Chevron as a hold. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures and reasonable valuation levels. However, as a counter to these strengths, we also find weaknesses including feeble growth in the company's earnings per share, disappointing return on equity and weak operating cash flow. Get the full Chevron 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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