Halliburton - Final Thoughts

Ticker Symbol: HAL

Final Thoughts

Still despite the challenges facing Halliburton, investor confidence in the company has remained solid over the past several months and the stock price has recently been climbing. The energy industry as a whole has been seeing a recovery lately and Halliburton has very closely followed the industry trend. Even the announcement of the lawsuit Thursday had little effect on Halliburton's stock price. This could be attributed to the recent modest increase in oil prices coupled with a long-awaited decrease in industry costs. However, even considering Halliburton's recent performance in the stock market, the company's unstable situation makes this asset a hold. Baker Hughes Inc. (BHI), BJ Services Company (BJS) and Schlumberger Limited (SLB) all offer stiff competition for Halliburton within the Oil and Gas Equipment and Services Industry. Halliburton's relatively low gross margin (only barely ahead of BJ Services and far below the industry average) has hurt the company's profits. However, Halliburton also has the highest P/E ratio of the group (nearly double that of the industry) indicating high investor expectations for the company.

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