TNRSF - Halliburton: Staying Bullish As Earnings Near
2024-07-15 12:10:37 ET
Summary
- The past few months have been a bumpy time for Halliburton Company, as the stock materially underperformed the market.
- Despite a recent stock price decline, the company's financial performance remains strong, with revenue growth and improved operating income.
- Investors should keep an eye on upcoming financial results and industry trends to assess the company's future performance and potential for growth.
With a market capitalization of $29.76 billion as of this writing, Halliburton Company ( HAL ) is a massive player in the energy services industry. Even though the general environment looks bullish for oil and natural gas at this point, shares of the company are going through a bit of pain. You see, back in April of this year, I wrote an article that took a bullish stance on the firm. I ended up rating the company a ‘buy’ because of a favorable oil environment, robust financial performance, and the fact that shares were attractively priced. Even so, the stock has fallen 12.7% since then, at a time when the S&P 500 is up 13.1%....
Halliburton: Staying Bullish As Earnings Near