Halliburton Rises On Unusually High Volume (HAL)

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.

NEW YORK ( TheStreet) -- Halliburton Company (NYSE: HAL) is trading at unusually high volume Thursday with 21.2 million shares changing hands. It is currently at two times its average daily volume and trading up $2.35 (+5.8%) at $43.19 as of 3:20 p.m. ET.

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Halliburton has a market cap of $37.93 billion and is part of the basic materials sector and energy industry. Shares are up 17.4% year to date as of the close of trading on Wednesday.

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. The company has a P/E ratio of 14.6, below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Halliburton 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, good cash flow from operations and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Halliburton Ratings Report.

See all heavy volume stocks in our stocks moving on unusual volume list or get investment ideas from our investment research center.

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