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NEW YORK (TheStreet) -- Shares of Halliburton (HAL) were trading lower late Wednesday afternoon as oil prices fell and negatively impacted the Houston-based oilfield services company. 

Crude oil (WTI) was down 3.62% to $44.67 per barrel and Brent crude was retreating 2.75% to $47.04 per barrel earlier today. 

Oil was under pressure on a stronger dollar and an Energy Information Administration report indicating that crude stockpiles rose for a second consecutive week. 

Crude stockpiles increased by 2.3 million barrels last week, while analysts were anticipating an uptick of just 921,000 barrels, according to Reuters. Distillate stockpiles unexpectedly rose by 1.5 million barrels and gasoline inventories fell by 691,000 barrels, while analysts were expecting a draw of twice that amount.

Evercore nonetheless said that Halliburton remains one of its top stocks in the oilfield services group, Barron's reports. 

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"Within the diversified peer group, we believe Halliburton is best positioned to benefit from the unfolding increase in oilfield services activity in North America, as it remains markedly more levered to North America compared to its competitors," the firm said.

Separately, TheStreet Ratings team rates the stock as a "hold" with a ratings score of C-.

Halliburton's strengths such as its solid stock price performance. At the same time, however, we also find weaknesses including deteriorating net income, disappointing return on equity and poor profit margins.

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

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 article's author. 

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