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Is Halliburton Stock a Buy, Sell, or Hold for January 2026?
Yahoo Finance· 2026-01-08 19:07
Group 1: Oil Market Impact - Oil prices surged following the capture and extradition of Venezuelan President Nicolás Maduro, with U.S. President Donald Trump indicating an influx of U.S. oil companies and "billions of dollars" in spending for the Venezuelan oil sector [1] - Venezuela holds approximately 17% of the world's proven crude reserves, but these reserves have been mismanaged, leading to aging infrastructure and low production levels [1] Group 2: Halliburton Company Overview - Halliburton Company, founded in 1919 and headquartered in Houston, Texas, is a leader in energy services, specializing in oilfield services and supporting all stages of the oil and gas lifecycle [4] - The company utilizes advanced tools, including digital systems and real-time data, to enhance operational efficiency, offering services such as fracking, cementing wells, and fluid management [5] Group 3: Stock Performance - Following the news regarding Venezuela, Halliburton's stock (HAL) gained 8% intraday on January 5, reaching a 52-week high of $33.03, but subsequently experienced a decline of approximately 3% from that peak [3][6] - Over the past 52 weeks, HAL stock has increased by 17%, and it has risen by 43% over the past six months, with a recent 12% increase over the last five days [6]