Halliburton Company Is Still A Value Play Despite Concerns Over Recent Weakness
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Halliburton Company has experienced a 17.7% stock decline since July 2024, despite trading at a low price and increasing oil and gas consumption. The Drilling and Evaluation segment showed revenue growth, but this was offset by declines in the Completion and Production segment. Despite mixed financial results, Halliburton's shares remain attractively priced, and future demand for its services is expected to rise.
January 16, 2025 | 10:30 pm
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Halliburton's stock has declined by 17.7% since July 2024, despite being attractively priced and having potential future demand growth. The Drilling and Evaluation segment showed revenue growth, but this was offset by declines in the Completion and Production segment.
The decline in Halliburton's stock price presents a potential buying opportunity as the company is trading cheaply. The growth in the Drilling and Evaluation segment suggests potential for future revenue increases, while the overall demand for oil and gas services is expected to rise, which could positively impact Halliburton's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100