The oilfield contractor Halliburton Company (HAL) is currently trading 2.4% below its 52-week high of $32.13, which it hit on January 27, 2022, after raising its quarterly dividend by 166.7% year-over-year to $0.12 per share. For the fourth quarter, its revenues and adjusted EPS beat analysts' expectations by 19% and 5.9%, respectively.
Also, the company announced that it will partly redeem its $1 billion of senior notes due in 2025 as part of its ongoing commitment to debt reduction. The stock has gained 36.1% over the past month to close yesterday’s trading session at $31.36. However, the rising COVID-19 cases, labor and supply shortages, and rising input costs make its near-term prospects look uncertain.
