Halliburton Company (HAL): Today's Featured Energy Winner

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 closed the day up 0.6%. By the end of trading, Halliburton Company rose $0.66 (1.6%) to $42.39 on light volume. Throughout the day, 8,052,373 shares of Halliburton Company exchanged hands as compared to its average daily volume of 11,456,900 shares. The stock ranged in a price between $41.55-$42.43 after having opened the day at $41.93 as compared to the previous trading day's close of $41.72. Other companies within the Energy industry that increased today were: Swift Energy Company ( SFY), up 8.0%, Constellation Energy Partners ( CEP), up 7.5%, Camac Energy ( CAK), up 7.3% and Endeavour International ( END), up 6.8%.
  • 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 $39.7 billion and is part of the basic materials sector. The company has a P/E ratio of 20.5, above the S&P 500 P/E ratio of 17.7. Shares are up 20.6% year to date as of the close of trading on Friday. Currently there are 22 analysts that rate Halliburton Company a buy, 1 analyst rates it a sell, and 3 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 solid stock price performance, revenue growth, largely solid financial position with reasonable debt levels by most measures and reasonable valuation levels. We feel these strengths outweigh the fact that the company has had sub par growth in net income.

On the negative front, Lone Pine Resources ( LPR), down 20.7%, ECA Marcellus Trust I ( ECT), down 6.8%, Houston American Energy Corporation ( HUSA), down 5.2% and KiOR ( KIOR), down 5.2% , were all laggards within the energy industry with Canadian Natural Resources ( CNQ) 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).

3x UPSIDE POTENTIAL: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.
null

If you liked this article you might like

How to Invest in Oil

How to Invest in Oil

How I'm Playing Infrastructure, Oil and Defense Stocks Right Now

How I'm Playing Infrastructure, Oil and Defense Stocks Right Now

Oil Giant Schlumberger's Stock Chart Looks Sloppy

Oil Giant Schlumberger's Stock Chart Looks Sloppy

Tax Reform Benefits More About Paying Down Debt Than M&A: BofA Merrill Lynch

Tax Reform Benefits More About Paying Down Debt Than M&A: BofA Merrill Lynch

Halliburton's Surging Stock Has Busted Out of a Base Pattern

Halliburton's Surging Stock Has Busted Out of a Base Pattern