18.76 0.00 (0.00%)
After hours: 7:54PM EDT
|Bid||18.61 x 4000|
|Ask||18.76 x 1300|
|Day's Range||18.05 - 18.83|
|52 Week Range||16.97 - 40.45|
|Beta (3Y Monthly)||1.75|
|PE Ratio (TTM)||12.37|
|Earnings Date||Oct 21, 2019|
|Forward Dividend & Yield||0.72 (3.80%)|
|1y Target Est||28.27|
Midland, Texas-based ProPetro said last week it would cut the number of hydraulic fracturing fleets operated this quarter by as much as 28%, far surpassing analysts' expectations. Halliburton Co said last week it was cutting about 650 jobs in Colorado, Wyoming, New Mexico and North Dakota as oilfield activity slowed. Most of the affected Halliburton employees were offered a chance to relocate to areas with stronger anticipated activity.
Borderlands is a weekly rundown of developments in the world of United States-Mexico cross-border trucking and trade. Energy services provider Halliburton Company (NYSE: HAL) is laying off 650 oil and gas industry workers in Colorado, New Mexico, North Dakota and Wyoming.
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.
Low crude oil and natural gas prices continue to slow down drilling for regional companies, and now trade tensions weigh on most of them too. A quarterly survey conducted by the Federal Reserve Bank of Kansas City and published Friday found that regional oil and gas producers mostly see drilling activity flat or declining in coming months. The Fed’s survey, conducted among companies in Colorado, Oklahoma, Kansas and Nebraska, asked a special question in the third quarter edition: how trade tensions, or tariffs, affected their business and expectations for the future.
A partial trade agreement and ongoing tensions in the Middle East may fuel oil stocks this week. Gain exposure to the sector using these three ETFs.
Senator Bernie Sanders, a day before the next debate among the Democratic U.S. presidential candidates, released a plan on Monday underscoring his left-leaning economic views aimed at curbing corporate tax avoidance, tightening antitrust enforcement and empowering workers. Sanders, one of the top three contenders for his party's nomination, said in a statement his plan would raise up to $3 trillion over 10 years by upping the corporate tax rate to 35 percent, eliminating most corporate tax breaks and loopholes, and taking steps to eliminate use of offshore tax havens. The 78-year-old senator from Vermont, set to take part in Tuesday's debate in Ohio after a heart attack this month, has sought to differentiate himself from another top contender for the party's nomination, Senator Elizabeth Warren, who has issued her own set of economic proposals.
Oil prices rose on Friday on the back of some positive noises coming out of the trade war negotiations and reports that an Iranian oil tanker had been attacked
Oilfield service provider Halliburton (HAL) declares another round of job cut as oil and gas customers scale back spending on services and equipment.
Houston-based Halliburton Co. (NYSE: HAL) is cutting its Rocky Mountains workforce. The oil field services company is seeing reduced activity in its Rockies customers, so 650 people in Colorado, Wyoming, New Mexico and North Dakota were affected. The move comes a few months after Halliburton restructured its organization in North America to remove several layers of management.
Despite popular belief, fracking is not that new but has been around since the American Civil War, but how did this misconception come about?
(Bloomberg) -- Halliburton Co. is reducing its workforce in the Rockies as the biggest oilfield service contractor to announce job cuts grapples with a protracted spending slump in the shale patch.The cuts affect 650 workers across Colorado, Wyoming, New Mexico and North Dakota, Emily Mir, a spokeswoman, said Wednesday in a prepared statement. Most were offered the option to relocate to other areas where greater oilfield work is expected, she said.The moves come three months after the Houston-based oilfield contractor announced it was trimming 8% of its North American headcount and parking unused frack gear.Oilfield servicers have been among the worst-hit companies amid a slowdown in the once red-hot U.S. shale patch. Their exploration customers are dialing back spending as low crude prices dent profits and investors urge financial discipline. Bankruptcies in the industry are surging and on track to eclipse last year’s casualties, according to law firm Haynes and Boone LLP.The number of U.S. crews that frack wells, the final step before oil production, has dropped 17% this year, according to Primary Vision Inc. Halliburton is set to report financial results from the third quarter on Oct. 21.Halliburton fell 0.5% to $18.16 at 1:48 p.m. in New York.(Updates with number of frack crews in fifth paragraph.)To contact the reporter on this story: David Wethe in Houston at email@example.comTo contact the editors responsible for this story: Simon Casey at firstname.lastname@example.org, Christine Buurma, Joe CarrollFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Halliburton and its rivals that provide drilling equipment and services have suffered this year due to reduced spending by oil and gas producers amid weak prices. Spending by U.S. independent producers is projected to fall 11% this year, according to analysts at Cowen and Co.
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Domestic drillers may continue to lower rigs in the oil patches as they have a conservative capital budget for 2019 and the crude pricing scenario is weak.
Halliburton Company (HAL) today announced PTTEP, a national petroleum exploration and production company in Thailand, selected Halliburton Landmark’s Digital Well Program application to automate drilling, completions and engineering processes across the well lifecycle. Digital Well Program™, an application within DecisionSpace® 365, transforms how wells are constructed and delivered by combining a digitalized planning and design process with engineering models on a single and open platform.