HAL-Discount-LINK-feel fine about my purchase on the dip
$28.18 Halliburton Company (HAL) shares are trading at undervalued levels, although it is not as cheap as some of the stock mentioned above. This company operates globally and it offers a wide variety of drilling, casing and other services to the oil and gas industry. As a leader in the oil sector it should trade for more than just eight times earnings. It offers a small dividend now, however it has room to grow the payout significantly in the coming years, based on strong earnings and a low payout ratio. Halliburton has a solid balance sheet with about $2.76 billion in cash. The company reported strong financial results with earnings of 89 cents for the first quarter of 2012. While Halliburton shares are not as undervalued or as likely to double in value as stocks like Warren Resources or Basic Energy Services, it is a high-quality blue-chip stock in the oil sector, and it does have strong upside potential for more patient investors.
Here are some key points for HAL: Current share price: $29.12 The 52-week range is $27.21 to $57.77 Earnings estimates for 2012: $3.51 per share Earnings estimates for 2013: $3.96 per share Annual dividend: 36 cents per share, which yields 1.2%
Thanks for the HAL post. I would love it if the board would revert back to meaningful exchange about the stock. For me, this is the first time I've been a little shuck by the price drop. I'm in at low 40's and have watched the month over month slide.