The big capital service companies valuations are currently attractive. Halliburton (HAL) is currently trading at 8 times 2012 earnings estimates, which is below the historical range of 13 times to 15 times.
ITZ projects revenue growth of 11% in 2012 and 12% in 2013 with EPS estimates of $4.35 and $5.09 for the respective years, with improving international exposure.
HAL currently is undervalued and a strong BUY with a 18 month price objective of $75.
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