3 Stocks Boosting 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 76 points (-0.4%) at 18,051 as of Friday, May 29, 2015, 1:00 PM ET. The NYSE advances/declines ratio sits at 1,058 issues advancing vs. 1,892 declining with 171 unchanged.

The Energy industry currently sits up 0.3% versus the S&P 500, which is down 0.3%. Top gainers within the industry include Marathon Petroleum ( MPC), up 1.5%, and Cheniere Energy ( LNG), up 1.3%. On the negative front, top decliners within the industry include TransCanada ( TRP), down 1.0%, Total ( TOT), down 1.0%, PetroChina ( PTR), down 0.9% and China Petroleum & Chemical ( SNP), down 0.7%.

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

3. Valero Energy ( VLO) is one of the companies pushing the Energy industry higher today. As of noon trading, Valero Energy is up $0.45 (0.8%) to $59.37 on average volume. Thus far, 4.2 million shares of Valero Energy exchanged hands as compared to its average daily volume of 6.6 million shares. The stock has ranged in price between $58.18-$60.48 after having opened the day at $58.83 as compared to the previous trading day's close of $58.92.

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Valero Energy Corporation operates as an independent petroleum refining and marketing company in the United States, Canada, the Caribbean, the United Kingdom, and Ireland. It operates through two segments, Refining and Ethanol. Valero Energy has a market cap of $30.1 billion and is part of the basic materials sector. Shares are up 19.0% year-to-date as of the close of trading on Thursday. Currently there are 10 analysts who rate Valero Energy a buy, 1 analyst rates it a sell, and 2 rate it a hold.

TheStreet Ratings rates Valero Energy as a buy. The company's strengths can be seen in multiple areas, such as its increase in stock price during the past year, compelling growth in net income, largely solid financial position with reasonable debt levels by most measures, attractive valuation levels and good cash flow from operations. We feel its strengths outweigh the fact that the company shows low profit margins. Get the full Valero Energy Ratings Report now.

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2. As of noon trading, Halliburton ( HAL) is up $0.44 (1.0%) to $45.78 on light volume. Thus far, 4.3 million shares of Halliburton exchanged hands as compared to its average daily volume of 13.8 million shares. The stock has ranged in price between $45.36-$45.85 after having opened the day at $45.49 as compared to the previous trading day's close of $45.35.

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Halliburton Company provides a range of services and products to the upstream oil and natural gas industry worldwide. The company operates through two segments, Completion and Production, and Drilling and Evaluation. Halliburton has a market cap of $38.8 billion and is part of the basic materials sector. Shares are up 15.3% year-to-date as of the close of trading on Thursday. Currently there are 17 analysts who rate Halliburton a buy, 2 analysts rate it a sell, and 7 rate it a hold.

TheStreet Ratings rates Halliburton as a hold. 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 reasonable valuation levels. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and poor profit margins. Get the full Halliburton Ratings Report now.

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1. As of noon trading, Schlumberger ( SLB) is up $0.58 (0.6%) to $91.23 on light volume. Thus far, 2.4 million shares of Schlumberger exchanged hands as compared to its average daily volume of 7.7 million shares. The stock has ranged in price between $90.77-$91.65 after having opened the day at $91.02 as compared to the previous trading day's close of $90.65.

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Schlumberger Limited supplies technology, integrated project management, and information solutions to the oil and gas exploration and production industries worldwide. The company operates through Reservoir Characterization Group, Drilling Group, and Production Group segments. Schlumberger has a market cap of $115.5 billion and is part of the basic materials sector. Shares are up 6.1% year-to-date as of the close of trading on Thursday. Currently there are 17 analysts who rate Schlumberger a buy, 1 analyst rates it a sell, and 10 rate it a hold.

TheStreet Ratings rates Schlumberger 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 good cash flow from operations. We feel its strengths outweigh the fact that the company has had somewhat weak growth in earnings per share. Get the full Schlumberger Ratings Report now.

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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).

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