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Halliburton Company (HAL): Today's Featured Basic Materials Laggard

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model

Halliburton Company ( HAL) pushed the Basic Materials sector lower today making it today's featured Basic Materials laggard. The sector as a whole closed the day down 1.8%. By the end of trading, Halliburton Company fell $0.78 (-1.8%) to $42.04 on light volume. Throughout the day, 6,600,823 shares of Halliburton Company exchanged hands as compared to its average daily volume of 11,388,300 shares. The stock ranged in price between $41.83-$42.62 after having opened the day at $42.22 as compared to the previous trading day's close of $42.82. Other companies within the Basic Materials sector that declined today were: Great Basin Gold ( GBG), down 33.3%, Crosshair Energy ( CXZ), down 27.1%, Pacific Booker Minerals ( PBM), down 9.2% and United States Antimony Corporation ( UAMY), down 9.1%.

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Halliburton Company provides a range of services and products for the exploration, development, and production of oil and natural gas. The company operates in two segments, Completion and Production, and Drilling and Evaluation. Halliburton Company has a market cap of $40.2 billion and is part of the energy industry. The company has a P/E ratio of 20.8, above the S&P 500 P/E ratio of 17.7. Shares are up 23.4% year to date as of the close of trading on Monday. Currently there are 22 analysts that rate Halliburton Company a buy, 1 analyst rates it a sell, and 3 rate it a hold.

TheStreet Ratings rates Halliburton Company as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, revenue growth, largely solid financial position with reasonable debt levels by most measures and reasonable valuation levels. We feel these strengths outweigh the fact that the company has had sub par growth in net income.

On the positive front, North American Energy Partners Incorporate ( NOA), down 17.8%, Ceres ( CERE), down 11.7%, Ossen Innovation ( OSN), down 10.9% and New Concept Energy ( GBR), down 7.8%.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the basic materials sector could consider Materials Select Sector SPDR ( XLB) while those bearish on the basic materials sector could consider ProShares Short Basic Materials Fd ( SBM).

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