Halliburton Still Has 30% Upside Potential Over The Next Two Years

Dec. 28, 2021 1:52 PM ETHalliburton Company (HAL)7 Comments
Aristofanis Papadatos profile picture
Aristofanis Papadatos
8.19K Followers

Summary

  • The stock of HAL has incurred a correction lately, primarily due to the propagation of the omicron variant.
  • As a result, the stock has become attractive. It is currently trading at only 10.4 times its expected earnings in 2023.
  • HAL has entered a multi-year growth cycle.

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Almost three months ago, I stated that Halliburton (NYSE:HAL) had 30% upside potential within the next two years thanks to its promising growth prospects and its cheap valuation. After my article, the stock rallied 20% but it has

This article was written by

Aristofanis Papadatos profile picture
8.19K Followers
I am a chemical engineer with a MS in Food Technology and Economics. I am also the author of 2 mathematics books ("Arithmetic calculations without a calculator" and "Word Problems") and perform almost all the calculations in my mind, without a calculator, making it easier to make immediate investing decisions among many alternatives. I invest applying fundamental and technical analysis and mainly use options as a tool for both investing and trading. I have nearly achieved my goal of early retirement, at the age of 45. In my spare time, I follow Warren Buffett's principle: "Some men read playboy. I read financial statements".

Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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