InvestorQ : Is this a good time to invest in Halliburton stocks?
Ria Jain made post

Is this a good time to invest in Halliburton stocks?

Answer
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Roshni Hegde answered.
6 months ago


Halliburton Company provides energy, engineering and construction services. The company also produces products for the energy industry. It is engaged in providing different services and products to customers across countries. The company offers services in the exploration, development, and production of oil and natural gas.

On April 3, 2020, the stock closed at $ 7.61. The stock made a sharp decline in its value to more than 2% after the Coronavirus (COVID-19) reached pandemic status.
One of the major dents on the stock was seen after Moody's Investors Service ("Moody's") submitted their review on Halliburton Company. Moody's has descended the Halliburton Company's ratings to negative from stable.

Thus, the stock witnessed a likewise negative impact on its market value. Also, the company has disclosed its reports with a significant decline in the company's earnings and cash flows.
According to reports by Wall Street analysts in 2019, the stock is recommended to "Hold".

Thus, I would ask Indians investors who are looking to invest must wait for a good time to come back and not sell in panic.