Halliburton: Expected to Impress
Halliburton has been one of our favorite picks since the beginning of 2011. It has impressed us along the way, and continues to do so. Currently, HAL is expected to pop, and analysts are eagerly awaiting. James Hartje has listed his top 10 reasons you should invest in HAL.
"10 Reasons Halliburton is Bullish:
1. PEG = 0.59. Halliburton holds a PEG ratio of 0.59, making it a bullish indicator as the lower the company’s PEG ratio, the more cheaply valued it is. Companies with PEG ratios under 1 are undervalued — another reason we believe Halliburton is a strong investment.
2. P/S = 1.83. Halliburton holds a P/S ratio of 1.83, a good valuation and strong indicator. Value investors look for P/S ratios under 2 as they show great opportunity. Another thing to consider is the fact that low P/S Ratios and rising stock prices tend to be a good basis to invest in growth stocks that have suffered a setback, something that definitely suits Halliburton, as it has been unfairly hit with share prices falling as much as 30% over the past few months as many investors correlating the fall in the price of crude oil and Halliburton’s share price too much. Over the course of the past decade, Halliburton’s P/S ratio has been below-average, making it a good indicator of value.
3.ROE = 20.7%. Halliburton’s return on equity averaged out over the past three years is 20.7% (22.49% in 2011), a strong indicator going forward, especially considering the fact that Halliburton plans to grow and further reinvest money within."
Find additional information here: http://turnkeyoil.com/2011/09/08/halliburton-expected-to-impress/