Why Hallibuton (HAL) Stock Is Up Today

NEW YORK (TheStreet) -- Halliburton (HAL) was gaining 4.2% to $63.43 Monday after beating analysts' expectation for earnings and revenue for the first quarter.

For the first quarter the oil producer posted earnings of 73 cents a share, beating analysts' expectations of 72 cents a share by 1 cent. Revenue grew 5.5% from the year-ago quarter to $7.35 billion. Analysts surveyed by Thomson Reuters expected revenue of $7.24 billion.

North American revenue grew 5% from the year-ago quarter, though operating income was flat due to lower pressure pumping pricing, higher logistics costs, and poor weather. Halliburton expects North America margins to approach 20% by the end of 2014.

Looking to the second quarter Halliburton expects earnings to grow by 25% to about 91 cents a share.

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TheStreet Ratings team rates HALLIBURTON CO as a Buy with a ratings score of A-. TheStreet Ratings Team has this to say about their recommendation:

"We rate HALLIBURTON CO (HAL) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. 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, good cash flow from operations, solid stock price performance and growth in earnings per share. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity."

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