Halliburton - History

Ticker Symbol: HAL

Halliburton History

The oil spike in the late 70's helped boost shares of Halliburton from the mid-single digits to $20 by early 1981. But the onset of a recession slashed oil prices and oil stocks, leading Halliburton back towards $6.30 in July of 1982. The bottom dropped out of Halliburton in 1988, falling under $1.80/share, before the economic activity stabilized in the mid-to-late 1990's. By 1997, HAL hit a then high just under $30/share. By the turn of the century, HAL had retraced back towards $20 before eventually stumbling near $5/share during the 2002-2003 recession. The next 5 years would mark the most explosive growth for Halliburton in the company's history, rising from the depths to hit an all-time high near $50/share in May of 2008 as oil prices soared to $147/bbl. The global recession of 2008-2009 has slashed more than 60% off of Halliburton all-time high.

Halliburton Last Month

Oil stocks rallied sharply in April, mirroring the strong rebound in crude prices. Equity prices have coupled with crude since mid-March. Halliburton closed at $15.47 on March 31st and $20.22 on April 30th, a 30.7% surge. Meanwhile, the front-month crude contract has doubled from its 2009 low near $30/bbl.

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