What To Expect From Halliburton’s Stock?

What To Expect From Halliburton’s Stock?

Share to Linkedin HOUSTON, TEXAS - DECEMBER 07: People listen to a presentation on the Halliburton compan during the ... [+] 23rd World Petroleum Congress conference on December 07, 2021 in Houston, Texas. The 23rd World Petroleum Congress returned to the United States for the first time in over 30 years. Houston, recognized as the energy capital of the world, housed the conference where government leaders, ministers of energy , C-suite executives and expert speakers from all around the world gathered to discuss advancements and issues facing the oil and gas industry. (Photo by Brandon Bell/Getty Images) Halliburton has a strong position to benefit from high crude oil prices. The growing tight supplies due to geopolitical uncertainty and the soaring demand from the reopening of China's economy could likely bode well for energy prices by the end of 2023. The activity outlook abroad remains robust, especially in the Middle East, offshore, and North American markets. Our forecast indicates that HAL's valuation is $41 per share, which is about 10% higher than the current market price. Look at our interactive dashboard analysis on HAL Earnings Preview: What To Expect in Fiscal Q2? for more details. (1) Revenues expected to be slightly