Valued at a market cap of $22.4 billion, Halliburton Company (HAL) is one of the largest oilfield service providers in the world, offering a variety of equipment, maintenance, engineering, and construction services to the energy, industrial, and government sectors. The Houston, Texas-based company operates under two main segments: Completion and Production and Drilling and Evaluation.
Shares of this energy company have massively underperformed the broader market over the past 52 weeks. HAL has declined 26.8% over this time frame, while the broader S&P 500 Index ($SPX) has rallied 22.8%. Moreover, on a YTD basis, the stock is down 6.3%, compared to SPX’s 3.4% rise.
