3 Energy Stocks Pushing Industry Growth

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 54 points (0.3%) at 18,054 as of Thursday, June 11, 2015, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,776 issues advancing vs. 1,216 declining with 167 unchanged.

The Energy industry currently sits down 0.9% versus the S&P 500, which is up 0.2%. Top gainers within the industry include Energy Transfer Equity ( ETE), up 1.1%, Magellan Midstream Partners L.P ( MMP), up 1.0% and China Petroleum & Chemical ( SNP), up 0.7%. On the negative front, top decliners within the industry include Transocean ( RIG), down 5.4%, Antero Resources ( AR), down 3.4%, Tenaris ( TS), down 3.2%, Suncor Energy ( SU), down 2.7% and Ecopetrol ( EC), down 2.1%.

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

3. Hess ( HES) is one of the companies pushing the Energy industry higher today. As of noon trading, Hess is up $3.71 (5.7%) to $69.35 on heavy volume. Thus far, 3.6 million shares of Hess exchanged hands as compared to its average daily volume of 2.7 million shares. The stock has ranged in price between $68.84-$69.90 after having opened the day at $69.51 as compared to the previous trading day's close of $65.64.

EXCLUSIVE OFFER: See inside Jim Cramer's multi-million dollar charitable trust portfolio to see the stocks he thinks could be potential winners. Click here to see his holdings for 14-days FREE.

Hess Corporation, an exploration and production company, develops, produces, purchases, transports, and sells crude oil, natural gas liquids, and natural gas. Hess has a market cap of $18.8 billion and is part of the basic materials sector. Shares are down 11.1% year-to-date as of the close of trading on Wednesday. Currently there are 7 analysts who rate Hess a buy, no analysts rate it a sell, and 8 rate it a hold.

TheStreet Ratings rates Hess as a hold. The company's strengths can be seen in multiple areas, such as its reasonable valuation levels, largely solid financial position with reasonable debt levels by most measures and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including feeble growth in the company's earnings per share, deteriorating net income and disappointing return on equity. Get the full Hess Ratings Report now.

EXCLUSIVE OFFER: See inside Jim Cramer's multi-million dollar charitable trust portfolio to see the stocks he thinks could be potential winners. Click here to see his holdings for 14-days FREE.

If you liked this article you might like

It's Finally Time to Look at Oil Stocks

The Stock Market Is on Fire, Especially in These Sectors: Market Recon