Halliburton Company (HAL), a large-cap, has a diversified revenue stream capable of weathering many storms. However, its stock is falling at a pace steeper than the broader market, down 8% for the year. Despite this, it is growing attention from institutional investors who now own 88% of the company. Nonetheless, investors are advised to conduct a strategic SWOT analysis before making any decisions. Issues such as the company recently falling victim to a cyberattack, which might have financial implications, should be factored in. In the midst of all this, Halliburton’s stock has erased its 2024 gains after failing to meet revenue estimates. It is also important to note that it has lowered its 2024 outlook with analysts forecasting a 'more muted' 2025. Still, it remains an attractive stock for long-term value investors. They believe the company's
potential, its resilience in the face of downside risks, and its collaborations on innovative solutions like the UEC Solution in Norway's Maria Field could trigger a positive trend. However, analysts caution that its potential to transform portfolios is linked heavily to external factors, such as political events like the US elections.
Halliburton Company HAL News Analytics from Sat, 09 Dec 2023 20:53:01 GMT to Sun, 08 Sep 2024 16:03:44 GMT -
Rating -4
- Innovation 0
- Information 5
- Rumor -4
