HAL - Halliburton Company
| Previous Close | 23.81 |
| Open | 24.00 |
| Bid | 23.97 x 3200 |
| Ask | 24.05 x 4000 |
| Day's Range | 23.83 - 24.23 |
| 52 Week Range | 16.97 - 32.71 |
| Volume | 14,378,509 |
| Avg. Volume | 11,743,677 |
| Market Cap | 21.032B |
| Beta (5Y Monthly) | 1.55 |
| PE Ratio (TTM) | 17.64 |
| EPS (TTM) | 1.36 |
| Earnings Date | Jan 20, 2020 |
| Forward Dividend & Yield | 0.72 (3.01%) |
| Ex-Dividend Date | Dec 02, 2019 |
| 1y Target Est | 27.23 |
- Zacks
Chevron's Venezuela Operations Get Another 90-Day Waiver
Had there been no waiver extensions, Chevron's (CVX) exit would follow close on the heels of various other U.S.-based players that left Venezuela.
- Oilprice.com
Why Oilfield Service Giants Are Dumping Assets
The three biggest oilfield service providers have all announced asset sales as they adapt to an environment featuring lower demand for their services
- Zacks
Can Solid Overseas Market Aid Halliburton (HAL) Q4 Earnings?
The deceleration in E&P activity is likely to have dented demand for Halliburton's (HAL) services and equipment in the fourth quarter.
- Bloomberg
Decline in ‘Fracklog’ Shows Scale of Pullback by U.S. Shale Drillers
(Bloomberg) -- As the U.S. shale boom unfolded, the number of oil wells that were drilled but never opened for production steadily rose. Now, that figure has plunged by a surprising 10% in the newest sign yet of tough times for drillers.A weighty decline in the so-called fracklog is perhaps the most salient gauge of a developing slowdown in U.S. shale. It shows that explorers are no longer racing to drill wells faster than they can complete them.The drop adds to a growing body of evidence that shale explorers, pushed by investors to prioritize profits over production, are stepping on the brakes. That’s bad news for oilfield services companies that have depended on rising shale growth for their prosperity. When Halliburton Co., owner of the world’s biggest fleet of fracking pumps, reports on its fourth quarter on Jan. 21, analysts expect to see a 29% earnings decline from a year earlier, excluding certain items.“We continue to believe 2020 will be a tale of two markets, with North America being a muddle while the recovery should continue in international and offshore arenas,” James West, an analyst at Evercore ISI, said Jan. 10 in a note to investors titled, “4Q Earnings Season Could Be Ugly.“The number of drilled but uncompleted wells, known as DUCs, have generally increased since the end of 2016, with the rise largely attributable to factors that include lower-than-ideal pricing for oil and gas and limited pipeline capacity. But between May and November, the number fell to 7,574 from a high of 8,429, according to the most recent data from the U.S. Energy Information Administration.That’s the steepest decline over the last three years. The key now for the biggest service providers may be how quickly they can pivot toward opportunities outside of shale.Consider the case of Baker Hughes Co., which spun off its onshore fracking business three years ago. While Halliburton is expected to report a fourth-quarter decline, Baker Hughes is forecast to report adjusted earnings on Jan. 22 that are up 19% to 31 cents a share, according to analysts.When Schlumberger Ltd., which already has a major focus outside the U.S., reports Friday, it’s expected to best last year’s fourth-quarter adjusted earnings by about a penny to 37 cents a share. The world’s biggest oilfield service company has said its North American land business, which includes pressure pumping, is now under strategic review and analysts say the company could announce an update to the unit on its earnings call.“2019 was a brutal year for completions activity,” analysts at Tudor Pickering Holt & Co. wrote in a note earlier this month. “And the pressure pumpers sit in a deep hole that’ll likely take a while to dig out of absent a stout demand surprise.”To contact the reporter on this story: David Wethe in Houston at dwethe@bloomberg.netTo contact the editors responsible for this story: Simon Casey at scasey4@bloomberg.net, Reg GaleFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
- Oilprice.com
The Cannabis Industry’s Dirty Energy Secret
The business of growing cannabis is anything but green, in fact, the growing of pot is so power-intensive that its ecological footprint is quickly becoming an environmental nightmare
- Zacks
Analysts Estimate Halliburton (HAL) to Report a Decline in Earnings: What to Look Out for
Halliburton (HAL) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
- Barrons.com
2 Oil-Services Stocks to Own and 8 to Avoid, According to an Analyst
Bernstein analyst Nicholas Green argues that investors should indeed put money to work in the oil-services sector. He said some companies offer enormous opportunities to savvy investors.
- Zacks
The Zacks Analyst Blog Highlights: Apache, Occidental Petroleum, Chevron, Halliburton Company and National Oilwell Varco
The Zacks Analyst Blog Highlights: Apache, Occidental Petroleum, Chevron, Halliburton Company and National Oilwell Varco
- Zacks
US Oil Drillers Spend Conservatively: Rig Count Slides Again
Domestic drillers may continue to remove rigs since explorers have a conservative capital budget in place and have decided to curb spending on the drilling of new wells.
- Zacks
Job Losses Galore Across the Energy Sector: What Lies Next?
In a bid to rebound from the cautious spending by oil and gas as well as exploration and production companies due to soft oil prices, Apache (APA) plans to slash global headcount by 500.
- Zacks
Should Invesco Russell 1000 Equal Weight ETF (EQAL) Be on Your Investing Radar?
Style Box ETF report for EQAL
- Oilprice.com
Six Of The Hottest Oil Stocks For 2020
Though a number of oil companies took major profit hits in 2019, the innovators of the bunch still have upside potential
- Investing.com
Stocks - S&P Falls as U.S.-Iran Tensions Still Unsettle Risk Appetite
Investing.com – U.S. stocks closed lower Tuesday, led by a fall in energy stocks amid ongoing U.S.-Iran tensions.
- Barrons.com
The Middle Eastern Tension Isn’t Spooking Wall Street. Here’s What Analysts Are Saying.
U.S. stocks rebounded from their worst levels as investors took a more measured view of the fallout from the U.S. killing of an Iranian general.
- Barrons.com
Iran Worries Are Causing Oil Prices to Rise Again. The Gains May Not Last.
The U.S. killing of Iranian military commander Qassem Soleimani is affecting prices, but other factors will come into play this year.
- GuruFocus.com
Tweedy Browne Loosens Hold of MRC Global
Firm reduces its position in pipe and valve supplier Continue reading...
- Zacks
Oil Drillers Keep Removing Rigs From Permian & Cana Woodford
Domestic drillers may continue to remove rigs since explorers have a conservative capital budget in place and have decided to curb spending on drilling new wells.
- MarketWatch
Energy stocks surge, as crude oil prices spike on Middle East tensions
Shares of energy company's were broadly higher in premarket trading Friday, as crude oil prices soared in reaction to the U.S. airstrike that killed an Iraqi militia's deputy commander. The SPDR Energy Select Sector ETF climbed 1.4% in premarket trading, with 26 of 28 equity components trading higher. Among the ETF's more active components, shares of Noble Energy Inc. rose 0.8%, Exxon Mobil Corp. gained 1.4%, Occidental Petroleum Corp. hiked up 3.0%, Schlumberger Ltd. advanced 1.8%, Halliburton Co. rose 1.9%, Marathon Oil Corp. rallied 3.4% and Chevron Corp. tacked on 1.2%. Although not an ETF components, Chesapeake Energy Corp.'s stock shot up 5.8% in active trading. The rally bucked the reaction in the broader stock market, as S&P 500 futures sank 1.2%. Meanwhile, crude oil futures shot up 3.9%, and the intraday high of $64.09 was the highest price seen since April 30.
- Oilprice.com
Is This The Next Great Oil Frontier?
Africa’s top oil producing regions may be joined by a new country with an oil friendly regime
- Zacks
Drillers Remove Oil Rigs in Permian and Cana Woodford Basins
Domestic drillers may continue to remove rigs since explorers have a conservative capital budget in place and have decided to curb spending on drilling new wells.
- Zacks
Why Offshore Drilling Stocks Can Make a Comeback in 2020
It appears that the offshore drilling industry is finally set to rebound from one of the worst slumps that it has ever been through.
- Insider Monkey
Hedge Fund Favorites vs. Halliburton Company (HAL) In 2019
Many investors, including Paul Tudor Jones or Stan Druckenmiller, have been saying before last year's Q4 market crash that the stock market is overvalued due to a low interest rate environment that leads to companies swapping their equity for debt and focusing mostly on short-term performance such as beating the quarterly earnings estimates. In the […]
- Bloomberg
Sanders, Warren Campaigns Spend the Most On Amazon While Trashing It
(Bloomberg) -- During the Democratic presidential debate in Los Angeles last week, Senator Elizabeth Warren once again made her position on Amazon.com Inc. clear. “You know what unites my three brothers?” she asked, noting that one is a Democrat, the other two Republicans. “Amazon. They are furious that Amazon reported $10 billion in profits and paid zero in taxes.”Warren may have the most developed plan to curtail Amazon -- it involves breaking up the company -- but she is far from alone in targeting the Seattle leviathan for political and policy purposes. Her fellow Democrat, Senator Bernie Sanders, has hammered Amazon on the campaign trail. And, of course, President Donald Trump has launched what is perceived in some quarters as a political vendetta against the company and Chief Executive Officer Jeff Bezos.So it may surprise voters to learn that the eight leading Democratic candidates and Trump have spent almost $600,000 on Amazon in the first nine months of 2019, mostly for office supplies, according to federal campaign records reviewed by Bloomberg. (Michael Bloomberg, founder and majority owner of Bloomberg LP, the parent company of Bloomberg News, hasn’t filed campaign expenses yet because he didn’t enter the race until November.)As the following table shows, the stridency of the anti-Amazon rhetoric tends to correlate with the size of the outlay on its website.To contact the reporter on this story: Spencer Soper in Seattle at ssoper@bloomberg.netTo contact the editors responsible for this story: Robin Ajello at rajello@bloomberg.net, Molly SchuetzFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
- Zacks
Drillers Add Oil Rigs in Permian & Eagle Ford Shale Play
Since February 2018, drillers in the United States have added the highest number of rigs in a week.
