3 Stocks Raising The Energy Industry Higher

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 120 points (-0.7%) at 18,024 as of Wednesday, June 24, 2015, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,001 issues advancing vs. 1,949 declining with 196 unchanged.

The Energy industry currently sits down 0.4% versus the S&P 500, which is down 0.4%. Top gainers within the industry include Suncor Energy ( SU), up 1.9%, Petroleo Brasileiro SA Petrobras ( PBR.A), up 0.7% and Statoil ASA ( STO), up 0.7%. On the negative front, top decliners within the industry include Cheniere Energy ( LNG), down 1.7%, and Williams Companies ( WMB), down 1.5%.

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

3. Enbridge ( ENB) is one of the companies pushing the Energy industry higher today. As of noon trading, Enbridge is up $0.39 (0.8%) to $48.67 on average volume. Thus far, 363,577 shares of Enbridge exchanged hands as compared to its average daily volume of 868,600 shares. The stock has ranged in price between $48.03-$48.69 after having opened the day at $48.03 as compared to the previous trading day's close of $48.28.

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Enbridge Inc. operates as an energy transportation and distribution company in the United States and Canada. Its Liquids Pipelines segment operates common carrier and contract crude oil, natural gas liquids (NGL), and refined products pipelines and terminals. Enbridge has a market cap of $40.8 billion and is part of the basic materials sector. Shares are down 6.1% year-to-date as of the close of trading on Tuesday. Currently there are 3 analysts who rate Enbridge a buy, no analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates Enbridge as a hold. Among the primary strengths of the company is its generally strong cash flow from operations. At the same time, however, we also find weaknesses including a generally disappointing performance in the stock itself, deteriorating net income and generally higher debt management risk. Get the full Enbridge Ratings Report now.

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