|Bid||22.30 x 1300|
|Ask||22.29 x 3100|
|Day's Range||21.36 - 22.34|
|52 Week Range||16.97 - 32.71|
|Beta (3Y Monthly)||1.51|
|PE Ratio (TTM)||16.44|
|Earnings Date||Jan 21, 2020|
|Forward Dividend & Yield||0.72 (3.36%)|
|1y Target Est||26.57|
Halliburton Co is laying off employees at its Bakersfield plant in California in its latest round of job cuts this year, as the U.S. oilfield services firm struggles with falling profits amid slowing oil and gas activity. The layoffs are expected to impact about 70 employees at the plant, the company said in a filing with California authorities. Halliburton said the move was in addition to job cuts at other plants.
The Zacks Analyst Blog Highlights: Halliburton Company, National Oilwell Varco, Superior Energy Services and RPC
Halliburton Co . (NYSE: HAL ) announced it is cutting 808 jobs with the closure of an office in El Reno, Oklahoma, according to the Houston Chronicle . Houston-based Halliburton informed the Oklahoma Office ...
This commodity downslide compels oilfield service providers to contain costs to a bare minimum while looking for innovative ways to extract more oil and gas.
Update: A statement from Halliburton spokesperson Emily Mir has been added to this story. Houston-based Halliburton Co. (NYSE: HAL) is closing its office in El Reno, Oklahoma, which will affect more than 800 jobs. The majority of employees were offered relocation to Duncan, Oklahoma, about 75 miles south of El Reno, said Emily Mir, a spokesperson for Halliburton.
It seems that the masses and most of the financial media hate hedge funds and what they do, but why is this hatred of hedge funds so prominent? At the end of the day, these asset management firms do not gamble the hard-earned money of the people who are on the edge of poverty. Truth […]
Today we'll take a closer look at Halliburton Company (NYSE:HAL) from a dividend investor's perspective. Owning a...
The three major U.S. stock market indexes dropped as China labelled President Donald Trump’s signing of bills supporting protesters in Hong Kong.
Shares of oil services company Halliburton Company (NYSE: HAL) are trading nearly 20% behind the average Wall Street price target, while financial payments company Paypal Holdings Inc (NASDAQ: PYPL) slightly trails behind at 16%. The oil sector as a whole has "badly underperformed" the broader market, Maley said. Halliburton in particular is showing signs of life on a technical basis, Maley said.
Some analysts and investors see the shale boom ending. One of them is Evercore ISI analyst James West. We spoke to him recently about who the winners and losers would be.
With oil prices flailing, some equity-based ETFs with often intimate correlations to crude are suffering as well. Oil services funds, including the VanEck Vectors Oil Service ETF (OIH) , prove that point. OIH, the largest oil services ETF, is lower by nearly 20% this year.
The energy sector was the only one of the S&P 500's 11 key sectors that gained ground Wednesday, as a jump in crude oil prices helped boost energy company stocks. The SPDR Energy Select Sector ETF hiked up 1.0%, as 25 of 28 components rose. Among the ETF's most active components, shares of Schlumberger Ltd. ran up 3.9%, Halliburton Co. hiked up 2.4%, Williams Companies gained 1.7%, Exxon Mobil Corp. edged up 0.3% and Occidental Petroleum Corp. tacked on 1.0%. Chesapeake Energy's stock isn't in the ETF, but it bounced 1.6% on 74.6 million shares traded, and was the most-active stock on major U.S. exchanges. The rally comes after the stock had plunged 20% over the past two sessions to close Tuesday at a 25-year low of 55.57 cents. Continuous crude oil futures surged 3.0% after data showing domestic crude supplies increased by less than expected.
Deutsche Bank’s Chris Snyder sees a rebound in U.S. shale exploration in the second half of 2020, which should benefit the big oil-services companies
“We don’t want to stack crews today that aren’t earning their cost of capital. That’s not what we’re in business to do.”
Halliburton Company (HAL) will host a conference call on Tuesday, January 21, 2020, to discuss its fourth quarter 2019 financial results. The Company will issue a press release regarding the fourth quarter 2019 earnings prior to the conference call. The press release will be posted on the Halliburton website at www.halliburton.com.
Houston-based Weatherford International PLC (OTC Pink: WFTIQ) has made changes to its leadership with a new top financier — one who has ties to the company’s CEO. CFO Christoph Bausch stepped down from his spot on the executive team effective Nov. 14, though he will stay at the company until the end of the month to help with the transition. Later, in 2017, Bausch had a brief stint as acting CEO until Mark McCollum left Houston-based Halliburton Co. (NYSE: HAL) to take the top Weatherford spot.