While I do believe that the worst is over, we will get a better view of the company's overall direction when Halliburton reports its third-quarter earnings results Monday. We will also get confirmation as to whether these recent price targets are justified. The Street will be looking for earnings-per-share of 82 cents on revenue of $7.5 billion, which would represent revenue growth of 5.5%. More importantly, after posting 14% growth in international markets in the July quarter, I want to see how well Halliburton is able to maintain that level of improvement. With roughly half of the company's business originating from North America, accounting for two-thirds of its profits), the importance of better global diversification can't be overstated. Management understands the importance of establishing a larger footprint overseas. But so does Schlumberger and Baker Hughes. Having said all that, it's still tough to bet against Halliburton's strong position in things like production enhancements and offshore tools. I'm not going to jump into this stock today, but I can see the appeal, especially since management recently announced a $3.3 billion stock buyback. Outside of all of that, the stock seems fairly valued. At the time of publication, the author held no position in any of the stocks mentioned. Follow @saintssenseThis article was written by an independent contributor, separate from TheStreet's regular news coverage.