15 Mar

Halliburton Has Outperformed Industry ETFs

WRITTEN BY Alex Chamberlin

Halliburton’s stock price and ETFs

In the past one year, Halliburton’s (HAL) stock has risen 41% as of March 13, 2017. We discussed HAL’s value drivers in Market Realist’s Halliburton Stock Faces Headwinds amid a Strong Performance and analyzed the factors affecting it.

In the past one year, HAL has outperformed the VanEck Vectors Oil Services ETF (OIH), which has generated ~14% returns. OIH is an ETF tracking an index of 25 oilfield equipment and services (or OFS) companies. The Energy Select Sector SPDR ETF (XLE), the broader energy industry ETF, has produced 12% returns in the past one year. Halliburton has also outperformed the SPDR S&P 500 ETF (SPY), which has produced 17% returns during the same period. The Dow Jones Industrial Average (DJIA-INDEX) rose 23% in the past one year.

Halliburton Has Outperformed Industry ETFs

In the past one year, the West Texas Intermediate (or WTI) crude oil price has recovered 30%. Read the latest updates on crude oil prices in Is US Shale Resurgence a Risk to the Crude Oil Market? The hike in crude oil prices led to a 60% rise in the US rig count in the past one year. Read how top OFS companies like Schlumberger (SLB) and National Oilwell Varco (NOV) have been faring in recent times in Market Realist’s Energy’s Price Recovery Prompts an Oilfield Services Revival.

Series highlights

In this series, we’ll analyze Halliburton’s relative valuation multiples, what market indicators are saying about HAL’s stock, and Wall Street’s recommendations for Halliburton. We’ll start with Halliburton’s historical valuation multiples.

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