|Bid||0.00 x 2200|
|Ask||19.35 x 800|
|Day's Range||18.60 - 19.11|
|52 Week Range||16.97 - 40.45|
|Beta (3Y Monthly)||1.75|
|PE Ratio (TTM)||12.49|
|Earnings Date||Oct 21, 2019|
|Forward Dividend & Yield||0.72 (3.91%)|
|1y Target Est||28.27|
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.
It is not uncommon to see companies perform well in the years after insiders buy shares. The flip side of that is that...
The Zacks Analyst Blog Highlights: GE company, Halliburton Company, Schlumberger, Diamond Offshore Drilling and Transocean
The Zacks Analyst Blog Highlights: Halliburton, Noble, Transocean, Diamond Offshore Drilling and Valaris
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.
During the Lightning Round of Mad Money Wednesday night one caller who wanted to pick the brains of Jim Cramer asked about Halliburton Co. : "I'm not buying any oil or oil service stocks," said Cramer. Jim is an accomplished fundamental analyst and understands secular trends but Halliburton is back near the crisis lows of 2008 so as a card-carrying technical analyst I prefer to go with the charts and not the known fundamentals.
We all want to buy stocks that "will go up" -- and the more they go up, the better. At the same time, things don't always work out as planned, or at least not right away.That's why, when looking for stocks that Wall Street has supreme confidence in, we need to add a bit of secret sauce to our stock screening, and protect our investment by ensuring that even if a stock does not go up, we still get paid.How do we do that in practice? By screening for stocks highly recommended by professional analysts ("strong buy"), expected to deliver powerful profits (with "target prices" 20% or more above today's price) -- and also paying an above-market dividend yield.Fortunately, the Stock Screener at TipRanks permits you to do all three of these things at once. Here are three such strong buy-rated suggestions we recently came across.General Motors: 30.53% Upside, 4.1% Dividend YieldGeneral Motors (GM – Get Report) stock has been getting a lot of bad press of late, now that the United Auto Workers (UAW) union has called its first strike against the company in more than a decade. And yet, in a recent note, 4-star Morgan Stanley analyst Adam Jonas supported the stock, arguing that GM is in a better financial condition to survive a strike that it's been in the past."While the situation remains fluid and can weigh on the shares short term, we strongly believe labor/strike disruption presents an excellent buying opportunity for GM shares," Jonas noted.Barclays analyst Brian Johnson added, "While the UAW has plenty in reserves to fund an extended strike (albeit, with workers receiving significantly less than their normal compensation) our base case is that the walk-out is more of a token strike meant to convey a message to General Motors and the industry, vs a more prolonged event."Both Jonas and Johnson reiterated an Overweight rating on GM stock with price targets of $51 and $46, respectively. (To watch the analysts' track records, click here)Even sitting here on the wrong side of the automotive cycle, GM held its sales decline to less than 2% last quarter -- and its profits actually increased 1%!On average, Street analysts predict GM shares could rise as much as 30.53% over the next 12 months, and with a dividend yield of 4.1%, we agree that GM stock looks attractive.Nutrien: 26% Upside, 3.6% Dividend yieldAnother stock facing negative headlines is Nutrien (NTR – Get Report), one the world's biggest players in the production and sale of potash, nitrogen, and phosphate fertilizers.America's long, wet spring made it hard for farmers to get crops in the ground in time to enjoy a full growing season, and as a result, the fields here in the Midwest today are mostly populated with stalks of awfully short-looking corn. That bodes poorly for farmers come harvest-time -- and for their ability to invest heavily in fertilizers and agricultural equipment for next year's crop. On the other hand, they may not have much choice but to fertilize in 2020 if they're to make up for crop shortfalls in 2019.Last month, Bank of America Merrill Lynch analyst Steve Byrne upgraded shares of Nutrien on the belief that agriculture stocks such as Nutrien could make for good defensive plays if the economy turns south. But defense isn't the only way to play Nutrien. In fact, on average, most analysts who look at the stock see a potential target price as much as 26% above where Nutrien stock trades today. With the stock trading for less than 10 times trailing earnings, and paying a rich 3.6% dividend yield, that looks like a smart call. (See NTR's price targets and analyst ratings on TipRanks)Halliburton: 55% Upside, 3.5% Dividend YieldRounding out today's list of stocks beloved on Wall Street, we finally come to a stock that's actually likely to benefit from recent news headlines: Halliburton (HAL – Get Report).You've all probably heard by now about the (alleged) Iranian missile-and-drone attack, which caused a whole lot of (indisputable) damage to Saudi Arabia's oilfields, and that sent oil prices spiraling upwards, right? Well, as an oilfield services company, Halliburton stands to directly benefit from investor enthusiasm for oil.Evercore analyst James West has recently sat down with Jeff Miller, Chairman & CEO and Lance Loeffler, CFO, and left with the impression that the focus of the management team remains committed to improving returns across the company. West noted, "That message has resonated throughout the company and its employees as HAL has quickly adapted to the maturation of US shale development and leverages its stronger competitive position for the emerging international cycle. The strategic focus remains on organically growing share around the wellbore, delivering best in class returns, and improving cash flow levels. HAL is not chasing unprofitable US market share and will stack equipment if returns do not meet its threshold. The size and scale of its US business allows them to drive a sustainable model without sacrificing their leadership position in the market. Internationally, HAL remains well positioned to benefit from improving activity levels, new product launches including its iCruise rollout, and pricing power returning in selective markets."Needless to say, this bodes well for Halliburton stock. TipRanks’ data shows an overwhelmingly bullish camp backing this oilfield services provider. The ‘Strong Buy’ stock has amassed 11 ‘buy’ ratings in the last three months, with just three analysts playing it safe with 'hold' ratings. The 12-month average price target stands tall at $30.04, marking nearly 55% in return potential for the stock. With a 3.5% dividend yield as well, investors in Halliburton stock can rest assured that even if the stock doesn't go up -- they're still going to get paid for owning it. (See HAL's price targets and analyst ratings on TipRanks)