Halliburton (HAL) Stock May Be Undervalued On A New Deepwater Contract

Halliburton has put in a strong multi year share price performance, and the question now is whether that move still lines up with what its earnings can support. With the oilfield services group back in focus after fresh contract wins, investors are asking if the current US$35.67 price fairly reflects the profit engine behind the business. Over the past 5 years the stock has gained 101.9%, which puts real pressure on the idea that earnings growth needs to do more of the heavy lifting from...