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.

Two out of the three major indices are trading lower today with the Dow Jones Industrial Average ( ^DJI) trading down 16 points (-0.1%) at 18,296 as of Wednesday, May 20, 2015, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,497 issues advancing vs. 1,463 declining with 190 unchanged.

The Energy industry currently sits down 0.1% versus the S&P 500, which is down 0.1%. Top gainers within the industry include Cenovus Energy ( CVE), up 2.2%, Ecopetrol ( EC), up 1.5%, Imperial Oil ( IMO), up 1.4%, Canadian Natural Resources ( CNQ), up 0.9% and Suncor Energy ( SU), up 1.1%. On the negative front, top decliners within the industry include MarkWest Energy Partners ( MWE), down 1.2%, Plains All American Pipeline ( PAA), down 1.5%, Magellan Midstream Partners L.P ( MMP), down 0.8%, Enbridge ( ENB), down 0.4% and China Petroleum & Chemical ( SNP), down 0.8%.

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

3. Devon Energy ( DVN) is one of the companies pushing the Energy industry higher today. As of noon trading, Devon Energy is up $0.76 (1.2%) to $65.54 on average volume. Thus far, 1.3 million shares of Devon Energy exchanged hands as compared to its average daily volume of 3.5 million shares. The stock has ranged in price between $64.87-$65.64 after having opened the day at $65.53 as compared to the previous trading day's close of $64.78.

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Devon Energy Corporation, an independent energy company, primarily engages in the exploration, development, and production of oil, natural gas, and natural gas liquids (NGLs) in the United States and Canada. Devon Energy has a market cap of $27.2 billion and is part of the basic materials sector. Shares are up 5.8% year-to-date as of the close of trading on Tuesday. Currently there are 14 analysts who rate Devon Energy a buy, no analysts rate it a sell, and 6 rate it a hold.

TheStreet Ratings rates Devon Energy as a hold. 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. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and a generally disappointing performance in the stock itself. Get the full Devon Energy Ratings Report now.

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2. As of noon trading, BP ( BP) is up $0.27 (0.7%) to $42.10 on light volume. Thus far, 1.8 million shares of BP exchanged hands as compared to its average daily volume of 6.0 million shares. The stock has ranged in price between $41.95-$42.20 after having opened the day at $42.06 as compared to the previous trading day's close of $41.83.

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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 $141.3 billion and is part of the basic materials sector. Shares are up 9.7% year-to-date as of the close of trading on Tuesday. Currently there are 4 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. Among the primary strengths of the company is its solid financial position based on a variety of debt and liquidity measures that we have evaluated. We feel its 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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1. As of noon trading, Halliburton ( HAL) is up $0.20 (0.4%) to $45.27 on average volume. Thus far, 6.4 million shares of Halliburton exchanged hands as compared to its average daily volume of 14.0 million shares. The stock has ranged in price between $44.72-$45.36 after having opened the day at $45.28 as compared to the previous trading day's close of $45.07.

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Halliburton Company provides a range of services and products to the upstream oil and natural gas industry worldwide. The company operates through two segments, Completion and Production, and Drilling and Evaluation. Halliburton has a market cap of $39.8 billion and is part of the basic materials sector. Shares are up 14.6% year-to-date as of the close of trading on Tuesday. Currently there are 17 analysts who rate Halliburton a buy, 2 analysts rate it a sell, and 7 rate it a hold.

TheStreet Ratings rates Halliburton 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 deteriorating net income, disappointing return on equity and poor profit margins. Get the full Halliburton 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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