NEW YORK (TheStreet) -- Shares of Schlumberger (SLB) - Get Report are rising, higher by 1.98% to $82.61 on heavy volume in late afternoon trading Friday, as WTI crude settled higher by 4% to $45.72 a barrel in pit trading session today, marking its biggest daily gain since Feb. 12, according to Reuters.

Oil prices bounced back from yesterday's losses, turning positive following German Chancellor Angela Merkel's upbeat comments about Greece, Reuters added.

The euro got a boost against the dollar after Merkel said that payments to Greece could begin if the country's list of reforms is approved. A weaker dollar makes oil more attractive, causing the rally in oil prices, Reuters reports.

Brent crude futures for May delivery is trading up 0.99% to $54.98 as of 3:39 p.m. ET today.

Houston, TX-based Schlumberger is the supplier of technology, integrated project management and information solutions to the international oil and gas exploration and production industry.

Separately, TheStreet Ratings team rates SCHLUMBERGER LTD as a Hold with a ratings score of C+. TheStreet Ratings Team has this to say about their recommendation:

"We rate SCHLUMBERGER LTD (SLB) a HOLD. The primary factors that have impacted our rating are mixed, some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its revenue growth, 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 a generally disappointing performance in the stock itself, feeble growth in the company's earnings per share and deteriorating net income."

Highlights from the analysis by TheStreet Ratings Team goes as follows:

• Despite its growing revenue, the company underperformed as compared with the industry average of 14.6%. Since the same quarter one year prior, revenues slightly increased by 6.2%. This growth in revenue does not appear to have trickled down to the company's bottom line, displayed by a decline in earnings per share.
• Net operating cash flow has slightly increased to $3,913.00 million or 1.63% when compared to the same quarter last year. Despite an increase in cash flow, SCHLUMBERGER LTD's average is still marginally south of the industry average growth rate of 4.07%.
• Despite currently having a low debt-to-equity ratio of 0.35, it is higher than that of the industry average, inferring that management of debt levels may need to be evaluated further. Regardless of the somewhat mixed results with the debt-to-equity ratio, the company's quick ratio of 1.32 is sturdy.
• SCHLUMBERGER LTD has experienced a steep decline in earnings per share in the most recent quarter in comparison to its performance from the same quarter a year ago. Earnings per share have declined over the last year. We anticipate that this should continue in the coming year. During the past fiscal year, SCHLUMBERGER LTD reported lower earnings of $4.30 versus $5.11 in the prior year. For the next year, the market is expecting a contraction of 16.3% in earnings ($3.60 versus $4.30).
• The company, on the basis of change in net income from the same quarter one year ago, has significantly underperformed against the S&P 500 and did not exceed that of the Energy Equipment & Services industry. The net income has significantly decreased by 81.8% when compared to the same quarter one year ago, falling from $1,664.00 million to $302.00 million.
• You can view the full analysis from the report here: SLB Ratings Report