Halliburton Rally: Cost Cuts, Buybacks Fuel Upside
Halliburton (HAL) saw volatile trading mid-February as targeted cost reductions, a sizeable share-repurchase program and improving international revenue offset North American weakness. Recent moves—including $400M of annualized savings, a 30% capex cut plan and repurchases of 42 million shares—are tightening supply and supporting EPS, while leadership changes and analyst target adjustments provide additional near-term catalysts.
