Company Of The Day: Halliburton
What?
The number of active drilling rigs in the United States rose by 5 units last week to 650, per data from Baker Hughes. This marks an increase of 62% from the same period last year.
So What?
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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 has outperformed considerably in 2022, rising by over 35% year-to-date.
See Our Complete Analysis For Halliburton
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| Returns | Feb 2022 MTD [1] |
2022 YTD [1] |
2017-22 Total [2] |
| HAL Return | 6% | 42% | -40% |
| S&P 500 Return | -3% | -8% | 96% |
| Trefis MS Portfolio Return | -1% | -11% | 251% |
[1] Month-to-date and year-to-date as of 2/28/2022
[2] Cumulative total returns since the end of 2016
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