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.

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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.

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2. As of noon trading, Phillips 66 ( PSX) is up $1.31 (1.7%) to $79.11 on average volume. Thus far, 1.5 million shares of Phillips 66 exchanged hands as compared to its average daily volume of 2.9 million shares. The stock has ranged in price between $77.48-$79.29 after having opened the day at $77.98 as compared to the previous trading day's close of $77.80.

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Phillips 66 operates as an energy manufacturing and logistics company. It operates through four segments: Midstream, Chemicals, Refining, and Marketing and Specialties (M&S). Phillips 66 has a market cap of $41.6 billion and is part of the basic materials sector. Shares are up 8.5% year-to-date as of the close of trading on Wednesday. Currently there are 11 analysts who rate Phillips 66 a buy, no analysts rate it a sell, and 3 rate it a hold.

TheStreet Ratings rates Phillips 66 as a buy. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, attractive valuation levels, notable return on equity and impressive record of earnings per share growth. We feel its strengths outweigh the fact that the company has had lackluster performance in the stock itself. Get the full Phillips 66 Ratings Report now.

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1. As of noon trading, Valero Energy ( VLO) is up $1.59 (2.7%) to $59.80 on average volume. Thus far, 3.4 million shares of Valero Energy exchanged hands as compared to its average daily volume of 6.3 million shares. The stock has ranged in price between $58.26-$60.19 after having opened the day at $58.45 as compared to the previous trading day's close of $58.21.

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Valero Energy Corporation operates as an independent petroleum refining and marketing company in the United States, Canada, the Caribbean, the United Kingdom, and Ireland. It operates through two segments, Refining and Ethanol. Valero Energy has a market cap of $29.1 billion and is part of the basic materials sector. Shares are up 17.6% year-to-date as of the close of trading on Wednesday. Currently there are 11 analysts who rate Valero Energy a buy, 1 analyst rates it a sell, and 2 rate it a hold.

TheStreet Ratings rates Valero Energy as a buy. The company's strengths can be seen in multiple areas, such as its compelling growth in net income, largely solid financial position with reasonable debt levels by most measures, attractive valuation levels, good cash flow from operations and notable return on equity. We feel its strengths outweigh the fact that the company shows low profit margins. Get the full Valero Energy 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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