Today's Stocks Driving Success For The Energy Industry

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 up today with the Dow Jones Industrial Average ( ^DJI) trading up 188 points (1.2%) at 16,291 as of Monday, Feb. 24, 2014, 11:55 AM ET. The NYSE advances/declines ratio sits at 2,259 issues advancing vs. 706 declining with 145 unchanged.

The Energy industry currently sits up 1.6% versus the S&P 500, which is up 1.1%. Top gainers within the industry include Noble Energy ( NBL), up 5.4%, Continental Resources ( CLR), up 4.9%, Phillips 66 ( PSX), up 3.5%, Baker Hughes ( BHI), up 3.2% and ConocoPhillips ( COP), up 2.9%. A company within the industry that fell today was PetroChina ( PTR), up 1.7%.

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

3. Schlumberger ( SLB) is one of the companies pushing the Energy industry higher today. As of noon trading, Schlumberger is up $3.13 (3.5%) to $93.20 on average volume. Thus far, 3.2 million shares of Schlumberger exchanged hands as compared to its average daily volume of 6.0 million shares. The stock has ranged in price between $90.39-$93.23 after having opened the day at $90.42 as compared to the previous trading day's close of $90.07.

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 $118.9 billion and is part of the basic materials sector. Shares are up 1.0% year-to-date as of the close of trading on Friday. Currently there are 24 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 revenue growth, largely solid financial position with reasonable debt levels by most measures, impressive record of earnings per share growth, compelling growth in net income and increase in stock price during the past year. We feel these strengths outweigh the fact that the company shows low profit margins. Get the full Schlumberger Ratings Report now.

3x UPSIDE POTENTIAL: 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, Chevron ( CVX) is up $2.10 (1.9%) to $114.78 on average volume. Thus far, 2.9 million shares of Chevron exchanged hands as compared to its average daily volume of 6.2 million shares. The stock has ranged in price between $113.05-$114.81 after having opened the day at $113.37 as compared to the previous trading day's close of $112.68.

Chevron Corporation, through its subsidiaries, engages 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 $220.4 billion and is part of the basic materials sector. Shares are down 9.8% year-to-date as of the close of trading on Friday. Currently there are 8 analysts who rate Chevron a buy, no analysts rate it a sell, and 4 rate it a hold.

TheStreet Ratings rates Chevron 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 and attractive valuation levels. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. Get the full Chevron Ratings Report now.

3x UPSIDE POTENTIAL: 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, Exxon Mobil Corporation ( XOM) is up $2.08 (2.2%) to $97.11 on average volume. Thus far, 5.3 million shares of Exxon Mobil Corporation exchanged hands as compared to its average daily volume of 12.7 million shares. The stock has ranged in price between $95.41-$97.13 after having opened the day at $95.61 as compared to the previous trading day's close of $95.03.

Exxon Mobil Corporation engages in the exploration and production of crude oil and natural gas, and manufacture of petroleum products. The company also transports and sells crude oil, natural gas, and petroleum products. It has approximately 37,228 gross and 31,264 net operated wells. Exxon Mobil Corporation has a market cap of $416.6 billion and is part of the basic materials sector. Shares are down 6.1% year-to-date as of the close of trading on Friday. Currently there are 5 analysts who rate Exxon Mobil Corporation a buy, 1 analyst rates it a sell, and 7 rate it a hold.

TheStreet Ratings rates Exxon Mobil Corporation as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full Exxon Mobil Corporation Ratings Report now.

3x UPSIDE POTENTIAL: 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

More from Markets

Stocks Rise Sharply, Facebook Ignites a Nasdaq Rally

Stocks Rise Sharply, Facebook Ignites a Nasdaq Rally

Jim Cramer: Visa Is a Technology Company That Masquerades as a Financial Company

Jim Cramer: Visa Is a Technology Company That Masquerades as a Financial Company

Jim Cramer: Chipotle Shares Are Probably Done Going Down

Jim Cramer: Chipotle Shares Are Probably Done Going Down

Jim Cramer: This Is a Sad Time for Southwest Airlines

Jim Cramer: This Is a Sad Time for Southwest Airlines

Jim Cramer Just Spoke to Larry Kudlow About the China Trade Negotiations

Jim Cramer Just Spoke to Larry Kudlow About the China Trade Negotiations