Halliburton Company (HAL): Today's Featured Basic Materials Winner
(
) pushed the Basic Materials sector higher today making it today's featured basic materials winner. The sector as a whole closed the day up 1.1%. By the end of trading, Halliburton Company rose $0.73 (1.8%) to $42.45 on average volume. Throughout the day, 8,607,212 shares of Halliburton Company exchanged hands as compared to its average daily volume of 10,657,000 shares. The stock ranged in a price between $41.86-$42.62 after having opened the day at $42.03 as compared to the previous trading day's close of $41.72. Other companies within the Basic Materials sector that increased today were:
(
), up 30.0%,
(
), up 17.7%,
(
), up 15.2% and
(
), up 14.8%.
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 $39.0 billion and is part of the energy industry. The company has a P/E ratio of 20.7, above the S&P 500 P/E ratio of 17.7. Shares are up 20.3% year to date as of the close of trading on Friday. Currently there are 20 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
. The company's strengths can be seen in multiple areas, such as its solid stock price performance, revenue growth and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had sub par growth in net income.
- You can view the full Halliburton Company Ratings Report.
On the negative front,
(
), down 88.9%,
(
), down 13.8%,
(
), down 7.1% and
(
), down 6.8% , were all laggards within the basic materials sector with
(
) being today's basic materials sector laggard.
- Use our basic materials section to find sector-relevant news.
- Or find some new ideas from our top rated stocks lists.
For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the basic materials sector could consider
(
) while those bearish on the basic materials sector could consider
ProShares Short Basic Materials Fd
(
).
- Find other investment ideas from our top rated ETFs lists.
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