Halliburton Company (HAL) In The Energy Spotlight Today

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 higher today making it today's featured energy winner. The industry as a whole was unchanged today. By the end of trading, Halliburton Company rose 49 cents (1.3%) to $39.65 on average volume. Throughout the day, 9.8 million shares of Halliburton Company exchanged hands as compared to its average daily volume of 11.5 million shares. The stock ranged in a price between $39.18-$39.85 after having opened the day at $39.63 as compared to the previous trading day's close of $39.16. Other companies within the Energy industry that increased today were: Andatee China Marine Fuel Services Corporat ( AMCF), up 15.5%, Equal Energy ( EQU), up 10.3%, ZaZa Energy ( ZAZA), up 9.1%, and Gastar Exploration ( GST), up 8.7%.
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Halliburton Company provides a range of services and products for the exploration, development, and production of oil and natural gas. The company operates in two segments, Completion and Production, and Drilling and Evaluation. Halliburton Company has a market cap of $36.75 billion and is part of the basic materials sector. The company has a P/E ratio of 14.2, below the S&P 500 P/E ratio of 17.7. Shares are up 13.8% year to date as of the close of trading on Friday. Currently there are 21 analysts that rate Halliburton Company a buy, no analysts rate it a sell, and five 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, good cash flow from operations and solid stock price performance. We feel these strengths outweigh the fact that the company has had sub par growth in net income.

On the negative front, HyperDynamics Corporation ( HDY), down 10.7%, GMX Resources ( GMXR), down 8.4%, Saratoga Resources ( SARA), down 7.5%, and Cubic Energy ( QBC), down 7.2%, were all laggards within the energy industry with ConocoPhillips ( COP) being today's energy industry laggard.

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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