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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