Why Halliburton (HAL) is a Top Value Stock for the Long-Term

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 Investors Should Pay Attention to This Value Stock

Finding good stocks at good prices, and discovering which companies are trading under their true value, are what value investors like to focus on. So, the Value Style Score takes into account ratios like P/E, PEG, Price/Sales, and Price/Cash Flow to highlight the most attractive and discounted stocks.

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 boasts a Value Style Score of B and VGM Score of A, and holds a Zacks Rank #3 (Hold) rating. Shares of Halliburton are trading at a forward earnings multiple of 9.6X, as well as a PEG Ratio of 0.4, a Price/Cash Flow ratio of 9.4X, and a Price/Sales ratio of 1.3X.

A company's earnings performance is important for value investors as well. For fiscal 2023, eight analysts revised their earnings estimate higher in the last 60 days for HAL, while the Zacks Consensus Estimate has increased $0.04 to $3.12 per share. HAL also holds an average earnings surprise of 7.7%.

With strong valuation and earnings metrics, a good Zacks Rank, and top-tier Value and VGM Style Scores, investors should strongly think about adding HAL to their portfolios.

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