Company Of The Day: Halliburton
What?
The number of active drilling rigs in the United States rose by 3 units last week to 579, per data from Baker Hughes. The number is also up by about 233 units versus this time last year.
So What?
Relevant Articles
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- Up 7% This Year, Will Halliburton’s Gains Continue Following Q1 Results?
- What To Expect From Halliburton’s Q3 After Stock Up 10% This Year?
- What To Expect From Halliburton’s Stock?
- Can Halliburton Stock Return To Its Pre-Inflation Shock Highs?
The stronger oilfield activity should bode well for Halliburton (NYSE:HAL) which is one of the largest oilfield services players in the U.S. Halliburton stock is up about 15% year-to-date.
See Our Complete Analysis For Halliburton
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| Returns | Dec 2021 MTD [1] |
2021 YTD [1] |
2017-21 Total [2] |
| HAL Return | -4% | 15% | -60% |
| S&P 500 Return | -3% | 21% | 104% |
| Trefis MS Portfolio Return | -1% | 42% | 283% |
[1] Month-to-date and year-to-date as of 12/20/2021
[2] Cumulative total returns since 2017
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