Halliburton Company (HAL): Today's Featured Energy 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 Energy industry lower today making it today's featured Energy laggard. The industry as a whole closed the day down 0.1%. By the end of trading, Halliburton Company fell 52 cents (-1.6%) to $32.40 on average volume. Throughout the day, 9.3 million shares of Halliburton Company exchanged hands as compared to its average daily volume of 12.4 million shares. The stock ranged in price between $32.33-$33.06 after having opened the day at $32.86 as compared to the previous trading day's close of $32.92. Other companies within the Energy industry that declined today were: Energy Services of America Corporation ( ESA), down 13.1%, GeoGlobal Resources ( GGR), down 8.9%, GeoPetro Resources Company ( GPR), down 8.8%, and Gulf Island Fabrication ( GIFI), down 8.2%.
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Halliburton Company provides various products and services to the energy industry for exploring, developing, and producing oil and natural gas worldwide. It operates in two segments, Completion and Production, and Drilling and Evaluation. Halliburton Company has a market cap of $30.35 billion and is part of the basic materials sector. The company has a P/E ratio of 10.5, below the average energy industry P/E ratio of 10.6 and below the S&P 500 P/E ratio of 17.7. Shares are down 5.2% year to date as of the close of trading on Thursday. Currently there are 19 analysts that rate Halliburton Company a buy, one analyst rates it a sell, and six 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 revenue growth, largely solid financial position with reasonable debt levels by most measures, attractive valuation levels, increase in stock price during the past year and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income.

On the positive front, Recon Technology ( RCON), up 21%, PostRock Energy ( PSTR), up 15.9%, Magellan Petroleum Corporation ( MPET), up 12.3%, and Alon USA Energy ( ALJ), up 10.9%, were all gainers within the energy industry with Valero Energy Corporation ( VLO) being today's featured energy industry leader.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the energy industry could consider Energy Select Sector SPDR ( XLE) while those bearish on the energy industry could consider Proshares Short Oil & Gas ( DDG).

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