Halliburton Company: Expect Short-Term Pain
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Daniel JonesInvesting Group LeaderFollow5ShareSavePlay(14min)CommentsSummaryHalliburton Company remains a long-term "Buy" despite recent share price underperformance and near-term industry headwinds.HAL faces declining revenues and profits due to lower oil prices and reduced drilling activity, but management is aggressively cutting costs and buying back stock.Strategic moves, including a 20% stake in VoltaGrid and cost reductions of $100 million per quarter, position HAL for future growth as energy demand rises.Shares are attractively valued both in absolute terms and relative to peers, with ongoing capital returns via buybacks and dividends supporting the investment case. Brett_Hondow/iStock Editorial via Getty Images This year has not been particularly pleasant for shareholders of Halliburton Company (HAL). The company, which operates as an energy services player that caters in large part to the oil and gas exploration and production space, has seen its share priceThis article was written byDaniel Jones36.04K FollowersFollowDaniel is an avid and active professional investor. He runs Crude Value Insights, a value-oriented newsletter aimed at analyzing the cash flows and assessing the value of companies in the oil and gas space. His primary focus is on finding businesses that are trading at a significant discount to their intrinsic value by employing a combination of Benjamin Graham's investment philosophy and a contrarian approach to the market and the securities therein. Learn more.Analyst’s 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. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.