Today's Stocks Driving Success For The Energy Industry - TheStreet

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 or Stephanie Link.

All three major indices are trading down today with the

Dow Jones Industrial Average

(

^DJI

) trading down 24 points (-0.1%) at 16,982 as of Wednesday, Oct. 29, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,291 issues advancing vs. 1,724 declining with 155 unchanged.

The Energy industry currently sits up 0.8% versus the S&P 500, which is down 0.2%. Top gainers within the industry include

Newfield Exploration

(

NFX

), up 12.8%,

Western Gas Equity Partners

(

WGP

), up 4.8%,

Williams Companies

(

WMB

), up 2.7%,

Pioneer Natural Resources

(

PXD

), up 2.1% and

EOG Resources

(

EOG

), up 2.0%. A company within the industry that fell today was

Petroleo Brasileiro SA Petrobras

(

PBR

), up 1.8%.

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

3.

Halliburton

(

HAL

) is one of the companies pushing the Energy industry higher today. As of noon trading, Halliburton is up $1.48 (2.8%) to $54.74 on average volume. Thus far, 5.6 million shares of Halliburton exchanged hands as compared to its average daily volume of 10.7 million shares. The stock has ranged in price between $54.23-$55.17 after having opened the day at $54.51 as compared to the previous trading day's close of $53.26.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

Halliburton Company provides a range of services and products for the exploration, development, and production of oil and natural gas to oil and gas companies worldwide. The company operates in two segments, Completion and Production, and Drilling and Evaluation. Halliburton has a market cap of $44.4 billion and is part of the basic materials sector. Shares are up 5.0% year-to-date as of the close of trading on Tuesday. Currently there are 21 analysts who rate Halliburton a buy, no analysts rate it a sell, and 3 rate it a hold.

TheStreet Ratings rates

Halliburton

as a

buy

. The company's strengths can be seen in multiple areas, such as its revenue growth, increase in stock price during the past year, compelling growth in net income, impressive record of earnings per share growth and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company shows weak operating cash flow. Get the full

Halliburton Ratings Report

now.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

2. As of noon trading,

Schlumberger

(

SLB

) is up $1.38 (1.4%) to $97.89 on average volume. Thus far, 3.3 million shares of Schlumberger exchanged hands as compared to its average daily volume of 7.6 million shares. The stock has ranged in price between $97.22-$98.66 after having opened the day at $97.87 as compared to the previous trading day's close of $96.51.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

Schlumberger Limited, together with its subsidiaries, supplies technology, integrated project management, and information solutions to oil and gas exploration and production industries worldwide. It operates through three groups: Reservoir Characterization, Drilling, and Production. Schlumberger has a market cap of $120.3 billion and is part of the basic materials sector. Shares are up 7.1% year-to-date as of the close of trading on Tuesday. Currently there are 23 analysts who rate Schlumberger a buy, no analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates

Schlumberger

as a

buy

. The company's strengths can be seen in multiple areas, such as its growth in earnings per share, increase in net income, revenue growth, largely solid financial position with reasonable debt levels by most measures and good cash flow from operations. We feel these strengths outweigh the fact that the company shows low profit margins. Get the full

Schlumberger Ratings Report

now.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

1. As of noon trading,

Chevron

(

CVX

) is up $0.74 (0.6%) to $117.87 on average volume. Thus far, 3.3 million shares of Chevron exchanged hands as compared to its average daily volume of 6.4 million shares. The stock has ranged in price between $117.73-$118.93 after having opened the day at $118.07 as compared to the previous trading day's close of $117.13.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

Chevron Corporation, through its subsidiaries, is engaged in petroleum, chemicals, mining, power generation, and energy operations worldwide. The company operates in two segments, Upstream and Downstream. Chevron has a market cap of $218.4 billion and is part of the basic materials sector. Shares are down 6.2% year-to-date as of the close of trading on Tuesday. Currently there are 7 analysts who rate Chevron a buy, 2 analysts rate it a sell, and 6 rate it a hold.

TheStreet Ratings rates

Chevron

as a

buy

. The company's strengths can be seen in multiple areas, such as its revenue growth, attractive valuation levels, increase in net income and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. Get the full

Chevron Ratings Report

now.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

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

).

null