Think Twice About Buying the 20% YTD Dip in Halliburton Stock

As Halliburton Company (HAL) experiences a significant downturn, now trading just 7% above its 52-week low, investors might be tempted to see this as a buying opportunity. However, a deeper look reveals reasons for caution. The oilfield services giant — down 19.6% in 2024 — has not only underperformed its peers in the Zacks Oil and Gas Field Services industry but has also lagged behind the broader S&P 500 Index year to date.HAL Year-to-Date Stock Performance Image Source: Zacks Investment ResearchHalliburto ...