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

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

Halliburton Company ( HAL) pushed the Energy industry lower today making it today's featured Energy laggard. The industry as a whole closed the day up 0.3%. By the end of trading, Halliburton Company fell $0.75 (-1.6%) to $45.08 on heavy volume. Throughout the day, 17,231,278 shares of Halliburton Company exchanged hands as compared to its average daily volume of 9,636,400 shares. The stock ranged in price between $44.81-$46.66 after having opened the day at $46.09 as compared to the previous trading day's close of $45.83. Other companies within the Energy industry that declined today were: Houston American Energy Corporation ( HUSA), down 7.9%, Endeavour International ( END), down 5.1%, Mexco Energy Corporation ( MXC), down 4.8% and TGC Industries ( TGE), down 4.8%.

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 $41.7 billion and is part of the basic materials sector. Shares are up 32.1% year to date as of the close of trading on Friday. Currently there are 16 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 positive front, Willbros Group ( WG), up 14.0%, Camac Energy ( CAK), up 11.1%, MagneGas Corporation ( MNGA), up 10.8% and InterOil Corporation ( IOC), up 9.9% , were all gainers within the energy industry with Petroleo Brasileiro SA Petrobras ( PBR) 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).

STOCKS TO BUY: 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

Irma and Harvey Busted Algos; Probably Done Deals Under Trump: Best of Cramer

Dow, S&P 500 Set New Records as Fed Moves to Unwind Balance Sheet

Stocks In Negative Territory as Chances for December Hike Surge

Energy Stocks Lead a Neutral Market Even After Oil Inventories Spike

Cramer: Under Trump, These Are Probably Done Deals