Halliburton Company (HAL): Today's Featured Energy Winner
By TheStreet Wire - 04/30/12 - 4:01 PM EDT
Tickers in this article: HALHalliburton Company (HAL) pushed the Energy industry higher today making it today's featured energy winner. The industry as a whole closed the day up 0.5%. By the end of trading, Halliburton Company rose 98 cents (3%) to $34.22 on average volume. Throughout the day, 13.9 million shares of Halliburton Company exchanged hands as compared to its average daily volume of 14.9 million shares. The stock ranged in a price between $33.10-$34.23 after having opened the day at $33.10 as compared to the previous trading day's close of $33.24. Other companies within the Energy industry that increased today were: Sunoco (SUN), up 20.5%, TGC Industries (TGE), up 14%, GeoMet (GMET), up 12.7%, and PostRock Energy (PSTR), up 10.4%. Halliburton Company provides various products and services to the energy industry for exploring, developing, and producing oil and natural gas worldwide. It operates in two segments, Completion and Production, and Drilling and Evaluation. Halliburton Company has a market cap of $30.87 billion and is part of the basic materials sector. Currently there are 22 analysts that rate Halliburton Company a buy, no analysts rate it a sell, and four 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 robust revenue growth, largely solid financial position with reasonable debt levels by most measures, notable return on equity, attractive valuation levels and good cash flow from operations. We feel these strengths outweigh the fact that the company shows low profit margins.
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Tickers in this article: HAL
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