52.15 -0.12 (-0.23%)
After hours: 7:23PM EDT
|Bid||0.00 x 1300|
|Ask||0.00 x 3200|
|Day's Range||52.07 - 52.61|
|52 Week Range||38.18 - 57.86|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||0.72 (1.42%)|
|1y Target Est||N/A|
Energy stocks have continued to outperform as oil prices rise. Discover three ETFs that provide exposure to the equipment and services subsector.
Halliburton’s North American operations, which account for close to 60% of the company’s revenues, have been faring well, driven by rising oil prices and strong oilfield services activity. During Q1 2018, revenues from the North American segment grew by 46% year-over-year to $3.8 billion, driven primarily by the U.S. land market. In this note, we take a look at what lies ahead for Halliburton’s most important geographic segment.
Halliburton (HAL) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
In this analysis, my focus will be on developing a perspective on Halliburton Company’s (NYSE:HAL) latest ownership structure, a less discussed, but important factor. The impact of a company’s ownershipRead More...
Traders would have gotten long and prices have quickly reached our target area. The charts are still very positive looking so some new price targets and stop loss orders are needed. In this daily bar chart of HAL, below, we can see that prices are above the rising 50-day and bullish 200-day moving averages.
How Did the Market View Halliburton on May 18? Halliburton’s (HAL) stock price correlation coefficient with crude oil’s price on May 11–18 was -0.09. Halliburton and crude oil prices had a negative correlation in the past week.
Halliburton’s (HAL) implied volatility was 22.8% on May 18. On April 23, the day Halliburton released its first-quarter earnings, its implied volatility was 24.9%. Since then, Halliburton’s implied volatility has decreased. Halliburton accounts for 3.2% of the SPDR S&P Oil & Gas Equipment & Services ETF (XES). XES provides exposure to the energy sector’s oil and gas equipment and services segment. XES has increased 11% since April 23—compared to a 4% rise in Halliburton’s stock price during the same period. ...
Halliburton’s (HAL) one-week stock price was 3.9% higher until May 18. Since May 11, the Energy Select Sector SPDR ETF (XLE) has increased 1.8%. XLE represents the broader energy industry. The VanEck Vectors Oil Services ETF (OIH) saw 4.4% one-week returns. OIH tracks an index of 25 oilfield equipment and services companies. So, Halliburton underperformed OIH and outperformed XLE in the past week. Since May 11, the SPDR S&P 500 ETF (SPY) has underperformed Halliburton. SPY produced -0.6% returns during this period. HAL accounts for 0.21% of SPY. Crude oil’s price and rigs
U.S. equities are drifting lower on Thursday as investors worry about the impact from the accelerating uptrend in U.S. Treasury bond yields. The first-quarter earnings season wrapped up as well, with Wal-Mart (NYSE:WMT) reporting better-than-expected results.
In the week ended May 11, the oil rig count rose by ten to 844—the highest level in more than three years. US crude oil price and oil rig count movement usually follows a pattern. Oil prices tend to lead rig count changes by three to six months. The graph below illustrates the pattern.
Halliburton’s (HAL) stock price correlation coefficient with crude oil’s price from May 4 to May 11 was 0.76. This metric indicates that Halliburton’s stock price and crude oil prices have been strongly correlated in the past week. Halliburton’s correlation with the VanEck Vectors Oil Services ETF (OIH) from May 4 to May 11 was 0.88.
Halliburton’s (HAL) implied volatility was 23.3% on May 11. On April 23, the day Halliburton released its 1Q18 earnings, its implied volatility was 24.9%. Since then, Halliburton’s implied volatility has decreased marginally.
On May 10, 2018, Helix Energy Solutions Group’s (HLX) implied volatility was 42.8%. On April 23, Helix Energy Solutions Group released its 1Q18 financial results. Since then, HLX’s implied volatility has fallen from 53% to this level. Since April 23, HLX’s stock price has increased nearly 29%. HLX makes up 1.8% of the SPDR S&P Oil & Gas Equipment & Services ETF (XES). XES provides exposure to the oil and gas equipment and services segment. XES has increased ~6% since April 23. Helix Energy Solutions Group’s 7-day stock price forecast
Baker Hughes, a GE Company (BHGE), released its US crude oil rig count report on May 11. Baker Hughes reported that US crude oil rigs increased by ten to 844 on May 4–11. US crude oil rigs were near the highest level since March 13, 2015. The rigs also have risen by 132 or ~18.5% from a year ago.
TechnipFMC (FTI) released its 1Q18 financial results on May 9 after the market closed. TechnipFMC’s stock price rose 2.5% to $33.51 from the previous day’s close. Nabors Industries (NBR) released its 1Q18 financial results on May 1. The company’s stock price declined 4.2% on the same day.
In this article, we’ll compare the relative valuation multiples of Baker Hughes (BHGE) and National Oilwell Varco (NOV). For the purpose of this comparison, we’ve also included Schlumberger (SLB) and Halliburton (HAL) in our analysis.
Oil prices could see ongoing upward momentum through the balance of the decade for two primary reasons, Tanners said in the upgrade note. BofA is modeling WTI crude to trade at $69 per barrel in 2019, which represents an increase from the firm's prior $56-per-barrel estimate, Tanners said.
The size of Halliburton Company (NYSE:HAL), a US$45.44B large-cap, often attracts investors seeking a reliable investment in the stock market. Risk-averse investors who are attracted to diversified streams of revenueRead More...
Are Schlumberger and Halliburton Attractive after 1Q18? On May 3, Schlumberger’s (SLB) implied volatility was 21.4%. Since May 3, 2017, Schlumberger’s implied volatility has increased from 18.9% to the current level.
As of May 3, the short interest in Schlumberger (SLB) as a percentage of its float was 1.60%—compared to 1.5% as of May 3, 2017. Since May 3, 2017, the short interest in Schlumberger has increased 10%. So, investors’ negative bets on Schlumberger increased in the past year. Since May 3, 2017, Schlumberger’s stock price has decreased ~4.5%. An increase in the short interest as a percentage of float indicates that more investors expect the stock’s price to fall.
Baker Hughes, a GE Company (BHGE), released its weekly US crude oil rig count report on May 4. Baker Hughes reported that US crude oil rigs increased by nine to 834 on April 27–May 4. US oil rigs were at the highest level since March 13, 2015. The rigs also have risen by 131 or ~18.6% year-over-year.