The basic materials sector closed the day up 3.1%. Lucas Energy Inc ( LEI), Extorre Gold Mines ( XG), Sino Clean Energy Inc ( SCEI), and North American Palladium ( PAL) were all winners today within the basic materials sector with Halliburton Company ( HAL) being today's featured basic materials winner. Halliburton Company rose $1.87 (5.8%) to $34.25 on average volume. Throughout the day, 24.7 million shares of Halliburton Company exchanged hands as compared to its average daily volume of 16.8 million shares. Halliburton Company provides various products and services to the energy industry for the exploration, development, and production of oil and natural gas worldwide. It operates in two segments, Completion and Production, and Drilling and Evaluation. Halliburton Company has a market cap of $28.1 billion and is part of the energy industry. The company has a P/E ratio of 11.8, above the average energy industry P/E ratio of 11.6 and below the S&P 500 P/E ratio of 17.7. Shares are down 25.3% year to date as of the close of trading on Wednesday. TheStreet Ratings rates Halliburton as a buy. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income, robust revenue growth, notable return on equity and good cash flow from operations. We feel these strengths outweigh the fact that the company shows low profit margins.
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