Here's Why Halliburton (HAL) is a Strong Growth Stock
For new and old investors, taking full advantage of the stock market and investing with confidence are common goals.
Many investors also have a go-to methodology that helps guide their buy and sell decisions. One way to find winning stocks based on your preferred way of investing is to use the Zacks Style Scores, which are indicators that rate stocks based on three widely-followed investing types: value, growth, and momentum.
Why This 1 Growth Stock Should Be On Your Watchlist
For growth investors, a company's financial strength, overall health, and future outlook take precedence, so they'll want to zero in on the Growth Style Score. This Score examines things like projected and historical earnings, sales, and cash flow to find stocks that will generate sustainable growth over time.
Halliburton (HAL)
Houston, TX-based Halliburton Company is one of the largest oilfield service providers in the world, offering a variety of equipment, maintenance, and engineering and construction services to the energy, industrial and government sectors. The company operates in over 80 countries. Founded in 1919, Halliburton employs more than 40,000 people and operates under two main segments: Completion and Production, and Drilling and Evaluation.
HAL is a Zacks Rank #3 (Hold) stock, with a Growth Style Score of B and VGM Score of A. Earnings are expected to grow 42.8% year-over-year for the current fiscal year, with sales growth of 13.8%.
One analyst revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $0 to $3.07 per share for 2023. HAL boasts an average earnings surprise of 5.1%.
Halliburton is also cash rich. The company has generated cash flow growth of 2%, and is expected to report cash flow expansion of 55% in 2023.
With solid fundamentals, a good Zacks Rank, and top-tier Growth and VGM Style Scores, HAL should be on investors' short lists.
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Halliburton Company (HAL) : Free Stock Analysis Report
