Halliburton (HAL) Stock Falling with Oil and Gas Prices

Halliburton (HAL) stock is down following oil and natural gas prices as the commodities fall to two-month lows.
By Rachel Aldrich ,

NEW YORK (TheStreet) -- Shares of Halliburton (HAL) - Get Report  are down 1.25% to $44.47 this afternoon as oil and natural gas prices fall.

Halliburton is a Houston-based services provider to the oil and natural gas industries.

Oil is dropping to two-month lows today, pressured by rising Canadian supply and a higher U.S. oil rig count - reported by Baker Hughes (BHI) at 440 on Friday, up by 9 rigs from the previous week.

This was the fifth consecutive week the U.S. operating rig count has risen.

Crude oil (WTI) is falling 1.92% to $44.54 per barrel and Brent crude is down 1.5% to $46.06 per barrel.

Goldman Sachs expects WTI crude oil to "remain in a range of $45-$50 per barrel over the next twelve months," CNBC reports.

Separately, TheStreet Ratings rated this stock as a "hold" with a ratings score of C.

Among the primary strengths of the company is its solid stock price performance. At the same time, however, TheStreet Ratings also finds weaknesses including deteriorating net income, disappointing return on equity and poor profit margins.

You can view the full analysis from the report here: HAL

Recently, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.

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