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What Did the Market Suggest for Halliburton on July 14?

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What Did the Market Suggest for Halliburton on July 14? PART 1 OF 4

Which Way Has Halliburton Moved in 1 Year until July 14?

Halliburton’s stock price compared to the industry

Halliburton (HAL) stock fell 3% in the past year until July 14, 2017. Halliburton has outperformed the VanEck Vectors Oil Services ETF (OIH), which has generated -14% returns in the past year. The Energy Select Sector SPDR ETF (XLE), the broader energy industry ETF, has produced -6% returns in the past year. However, Halliburton underperformed the SPDR S&P 500 ETF (SPY) that has produced 14% one-year returns. The Dow Jones Industrial Average (DJIA-INDEX) improved 17% in the past year. The energy sector makes up 5.9% of the DJIA-INDEX.

Crude oil price

The WTI (West Texas Intermediate) crude oil price has risen 1% in the past year, while the US rig count rose 113% in the past year. Read Will the Crude Oil Futures Rally Be Short-Lived? to learn more.

Which Way Has Halliburton Moved in 1 Year until July 14?

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Projects that could drive Halliburton

  • Halliburton signed a contract with Royal Dutch Shell’s (RDS.A) Shell Iraq Petroleum Development during 1Q17. Under the contract, Halliburton will activate three rigs at the Majnoon oil field in Iraq.
  • Halliburton has technology cooperation to develop deepwater pre-salt and mature fields with Petrobras (PBR).
  • Halliburton’s hybrid coiled tubing service (known as “Spectrum Fusion”) can improve upstream energy companies’ efficiency, return on investment, and safety.

In this series

In this series, we’ll look at investors’ short interest in Halliburton. We’ll also discuss the company’s correlation with crude oil. We’ll start with Halliburton’s implied volatility. We’ll discuss what Halliburton’s implied volatility suggests for its stock price.

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