You know the background of Lesar and Miller right? Arthur Anderson. The accounting firm for Enron.
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Halliburton is currently a Zacks Rank #5 (Strong Sell) in an industry that ranks in the Bottom 9% of our Zacks Industry Rank.
The reason for the unfavorable rank is the series of earnings estimate revisions coming in to the downside.
Over the last thirty days, nine analysts have cut their estimates for the current year, while ten have done so for next year. That bearish sentiment has dropped the Zacks Consensus Estimate from $1.34 to $1.25 for the current year, and down from $1.84 to $1.45 for next year.
That sort of negative revision history has been haunting the stock for months now. The stock was trading close to $55 as recent as May of last year.
Since then, prices have been spiraling downward. Shares hit a fresh 52-week low of $17.21 on August 27th, 2019. The stock is currently trading at $21.05.
Haha you do know the Enron execs were actually smart right? Crooked but smart. Halliburton doesn’t have that trait in its c suite.