In today’s Daily Alert, Stealth Stocks Editor Dennis Slothower recommends picking up this leading energy services company while it’s undervalued.
“Halliburton Company (HAL, $37) is a leading provider of services and products to the energy industry related to the exploration, development and production of oil and natural gas. ... In 2011, 55% of Halliburton’s consolidated revenue was from the United States.
“Why we like it: HAL has a strong balance sheet; shareholder equity/total assets are at 0.58, meaning that every $1 of assets is backed by 58 cents of equity. Return on equity over the past 12 months is more than 20%. HAL’s stock price is also attractively priced, currently in the mid-$30 price range. At these levels the market is offering us a company that is almost 100 years old, with a leadership position in the U.S., for a below-market-average P/E. Buy Below $37/share.”
- Dennis Slothower, Stealth Stocks, January 2013