Traders work beneath a monitor displaying Halliburton Co. signage on the floor of the New York Stock Exchange (NYSE) in New York, U.S., on Monday, May 2, 2016.
CNBC's Jim Cramer says don't turn bearish on Halliburton (HAL) yet — even as the oilfield services name tumbles on a slight revenue miss for its third-quarter earnings report.
Halliburton, which reported quarterly results before Tuesday's opening bell, beat profit expectations but missed on revenue amid weakness in North America.
"Let Halliburton [stock] come down, but this company's going to do just fine if oil stays at these prices," Cramer said on "Squawk on the Street."
He cited Halliburton's track record of conserving capital and sees more demand for the company's services due to oil market dynamics.
Persons:
CNBC's Jim Cramer, Jim Cramer's, Cramer, WTI
Organizations:
Halliburton, New York Stock Exchange, HAL, Texas, CNBC Investing Club, The, Coterra Energy
Locations:
New York, U.S, North America