TNRSF - Halliburton: Shares Look Cheap As Oil Markets Surge

2024-04-19 14:31:02 ET

Summary

• Rising oil prices due to OPEC+ policies and geopolitical issues are benefiting companies in the oil and gas industry, including Halliburton.
• Halliburton has seen impressive stock performance, outpacing the S&P 500, but further upside is warranted.
• The company's recent financial performance has been positive, with revenue, profits, and cash flow improving year over year, and analysts have slightly bullish expectations for its upcoming earnings release.

Because of restrictive policies being implemented by OPEC+, as well as geopolitical issues like those involving Russia and Ukraine, on top of Israel and Gaza, oil prices have been on the rise. It also helps on that front that demand continues to grow. And absent something significantly negative happening, that trend will likely continue. While this may bode poorly for your wallet, it most certainly is positive for many companies out there, particularly those engaged in oil and gas producing activities....

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