Basic Materials Standout Halliburton Company (HAL) Making Gains 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 Basic Materials sector higher today making it today's featured basic materials winner. The sector as a whole closed the day up 0.7%. By the end of trading, Halliburton Company rose $1.28 (3.3%) to $40.39 on average volume. Throughout the day, 10.9 million shares of Halliburton Company exchanged hands as compared to its average daily volume of 11.8 million shares. The stock ranged in a price between $39.14-$40.68 after having opened the day at $39.15 as compared to the previous trading day's close of $39.11. Other companies within the Basic Materials sector that increased today were: Royale Energy ( ROYL), up 67%, GeoPetro Resources Company ( GPR), up 24.7%, United States Antimony Corporation ( UAMY), up 17%, and KiOR ( KIOR), up 15.1%.
  • EXCLUSIVE OFFER: Jim Cramer's Protégé, Dave Peltier, only buys Stocks Under $10 that he thinks could potentially double. See what he's trading today with a 14-day FREE pass.

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 $35.76 billion and is part of the energy industry. The company has a P/E ratio of 13.8, below the S&P 500 P/E ratio of 17.7. Shares are up 12.7% year to date as of the close of trading on Tuesday. Currently there are 20 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, BMB Munai ( BMBM), down 17.6%, GeoGlobal Resources ( GGR), down 10.3%, Cubic Energy ( QBC), down 8.9%, and Asanko Gold ( AKG), down 8.6%, were all laggards within the basic materials sector with Silver Wheaton Corporation ( SLW) being today's basic materials sector laggard.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the basic materials sector could consider Materials Select Sector SPDR ( XLB) while those bearish on the basic materials sector could consider ProShares Short Basic Materials Fd ( SBM).

Exclusive Offer: Jim Cramer's 'go-to' small/mid-cap guru Bryan Ashenberg only buys stocks he thinks could return 50-100% See his top picks for 14-days FREE.