Shares of Halliburton continued rapid growth and during the year increased by more than 40%. The company is engaged in providing services in the energy sector and significantly increases revenue due to increased oil and gas production in the U.S. and in the world. Another reason that contributed to the growth of quotations has become the stocks buybacks that reduced the free-float of shares of the company by 8%.
Considering the revision of energy strategy in the United States, which is associated with shale gas revolution in the region, allowing for the first time in 40 years to launch energy export from the United States. Deterioration of relations between Russia and the West in connection with the annexation of the Crimea has led to plans for the construction of export and receiving terminals of liquefied natural gas in the U.S. and Europe, a large part of orders for building of which will get the American corporation.
Given the strong financial performance of the company, which revenue to has increased in Q1 to $ 7.3 billion, we recommend buying the stock with a potential of growth by around 20% by the year end.