Halliburton’s stock has been bouncing around lately, and I can’t tell if it’s setting up for a nice rebound or just fooling us with a classic value trap.
On paper, the P/E looks decent and the dividend isn’t bad, but earnings forecasts keep getting trimmed and the oilfield services market feels shaky. Some analysts are still calling it a buy, others say the downside isn’t priced in yet.
What do you all think — is HAL actually cheap here, or is it “cheap for a reason”? Anyone buying the dip or waiting for another leg down?