HAL - Halliburton Has Further Upside As Oil And Gas Spending Continues To Rise
Summary
- Shares of Halliburton have performed well over the past twelve months, but having fallen from their highs, offer attractive upside.
- Oil & gas capital spending is rising and will need to rise further given ongoing demand and the potential for further Russian supply disruptions.
- Halliburton is generating substantial revenue growth and should benefit from strong pricing in the US and the need to expand production overseas.
- With over $2.20 in forward earnings powers, shares are compelling at just 13x earnings.
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Halliburton Has Further Upside As Oil And Gas Spending Continues To Rise