Halliburton's Struggles Continue: Why the Stock Remains a Sell

U.S. oilfield service giant Halliburton Company (HAL) has had a rough ride over the past year, tumbling more than 34% and underperforming the Zacks Oil and Gas Field Services industry, which lost 11.4%, and rival SLB (SLB) , which is down 24.5%. The culprit? Halliburton’s heavy reliance on North America, a region facing softening drilling activity and pricing pressure. More than 40% of Halliburton’s revenues come from North America — far more than SLB’s 20% and Baker Hughes’ (BKR) 25% — leaving it more vuln ...