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.

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