Please Note: Blog posts are not selected, edited or screened by Seeking Alpha editors.

HAL: Dividend And ~52% Upside

|Includes: Halliburton Company (HAL)

I'm looking to add some dividend stocks to my portfolio and am considering HAL. From an ethical standpoint, I'm a little opposed to HAL, but it does have a $49.89 average target price based on 34 ratings according to MarketWatch... or 52% upside potential. Also, a recent SA article chose HAL as its top dividend pick, noting its strong quarterly revenue growth rate (36%) and its strong free cash flow among other factors. Is it time to consider initiating a pre-earnings position in Halliburton? (Q1 earnings will be reported on April 18, 2012.)

Any thoughts? What else should I be considering?

Disclosure: I have no positions in any stocks mentioned, but may initiate a long position in HAL over the next 72 hours.