Halliburton CompanyHAL

Morningstar Rating

Stock Research and Analysis

by Stephen Ellis

Halliburton's extensive oil field experience makes it a fierce competitor in the oil services industry. The company's managerial talent and international expertise is considerable, as it routinely wins high-profile contracts in key regions such as the Read more

Bulls Say

The company has a younger-than-average workforce, which is an advantage because a large portion of its competitors' aging workforces will be retiring during the next decade.

India and China both offer Halliburton profitable opportunities. The markets have matured enough for Halliburton to offer services like directional drilling rather than just pressure-pumping equipment.

Innovative products such as Halliburton's steam-assisted gravity drainage system, which improved recovery rates in heavy-oil applications from 20%-40% to 60%-70% on average, are expected to drive results. Read more

Bears Say

Halliburton has significant exposure to the North American market and a volatile pressure-pumping business.

A sustained decline in natural gas and oil prices could put a severe damper on demand for Halliburton's services.

Expansion into international territories, such as Russia and China, carries political risk. Read more

Strategy

The company prides itself on being on the cutting edge, as its products have won several awards for technical achievement and innovation in the oil patch every year. It is focusing its long-term efforts Read more

Management

Halliburton's corporate governance has improved. Several of the directors who have served on the board since the 1980s and early 1990s have retired, which strengthened the board's independence. The directors may have become less impartial given the Read more

Profile

Halliburton provides a variety of oil field services from pressure pumping to drilling in North America and more than 80 countries. About 39% of its revenue comes from the Read more

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