52.07 +0.06 (0.12%)
After hours: 5:18PM EDT
|Bid||51.97 x 1500|
|Ask||52.10 x 500|
|Day's Range||51.57 - 52.66|
|52 Week Range||38.18 - 57.86|
|PE Ratio (TTM)||N/A|
|Earnings Date||Apr 23, 2018|
|Forward Dividend & Yield||0.72 (1.42%)|
|1y Target Est||62.69|
Yahoo Finance's Jared Blikre joins Seana Smith from the floor of the New York Stock Exchange to discuss the latest market moves.
The correlation coefficient between Halliburton’s (HAL) stock price and the crude oil price from April 16, 2017, to April 16, 2018, was 0.56, which indicates a healthy positive relationship between Halliburton stock and crude oil prices.
Analysts have curbed their expectations for oilfield services earnings over the past two months largely due to sand shortage issues that may lead to fewer completions by many of these companies.
Short interest in Halliburton (HAL) as a percentage of its float is 2.4% as of April 16, 2018, compared to 2.0% a year ago. Since April 17, 2017, short interest in HAL has increased 25%. So, investors have increased negative bets on HAL in the past year. Since April 17, 2017, HAL’s stock price has increased ~4%. HAL’s stock price and short interest as a percentage of float have largely been inversely related since April 2016.
As of the week ending April 13, 2018, the US rig count was 1,008, up 8.5% compared to the week ending December 29, 2017. Growth in the US rig count could boost Halliburton’s (HAL) revenues and earnings growth in 1Q18. The US rig count increased 41% in 4Q17 compared to the US rig count in 4Q16. Revenue by geography
Global oil prices have gained nearly 15% since March as investors count the cost of continue OPEC production cuts and the threat of supply disruption from Iran linked to nuclear treaty sanctions.
Schlumberger likely won't see increased spending from exploration and production companies despite the recent increase in oil prices when the oilfield service provider announces results early Friday.
From 4Q16 to 4Q17, Halliburton’s (HAL) completion and production (or C&P) segment revenue increased ~68%. The C&P segment registered an 8% revenue rise in 4Q17 over 3Q17. Higher completion tool sales in the Gulf of Mexico, higher software sales in Latin America, and increased stimulation activity in the Eastern Hemisphere helped the C&P segment’s growth. Halliburton makes up 11.0% of the iShares US Oil Equipment & Services ETF (IEZ). IEZ fell 12% in the past year, while HAL increased 4% during this period. ...
Despite an improvement in the international upstream market scenario, Halliburton (HAL) may continue to face challenges in the international market. IEZ tracks an index composed of US equities in the oil equipment and services sector. Read more on Halliburton in Market Realist’s Could Moderation in US Markets Affect Halliburton in 1Q18?
In 1Q18, analysts expect Halliburton (HAL) to post adjusted earnings per share (or EPS) of $0.41. This means Wall Street analysts expect HAL’s adjusted earnings to fall 23% in 1Q18 from the 4Q17 adjusted earnings of $0.53 per share. Despite the management’s expectation of higher prices for its offerings and the positive effects of lower costs from various cost reduction initiatives, a weaker international upstream market could result in a 1Q18 earnings decline. HAL will hold its 1Q18 earnings conference call on April 23, 2018.
Baker Hughes (BHGE), a GE company, released its weekly US crude oil rig count report on April 13, 2018. Baker Hughes reported that US crude oil rigs increased by seven to 815 on April 6–13, 2018. The rigs are at the highest level since March 20, 2015. The rigs also increased by 132 or ~19.3% year-over-year.
From 4Q16 to 4Q17, the companies constituting the Energy Select Sector SPDR ETF (XLE) increased their capex 9%. XLE tracks an index of US energy companies in the S&P 500 Index. Baker Hughes, a GE Company (BHGE), is 1.0% of the Energy Select Sector SPDR ETF (XLE). In the past year, crude oil prices increased ~26%. Higher crude oil prices can lead to higher exploration and production activities by upstream producers, which in turn can boost oilfield services companies like Baker Hughes’s revenues and earnings in 1Q18.
Halliburton’s (HAL) stock price correlation coefficient with crude oil’s price on April 6–13, 2018, was 0.48. Halliburton and crude oil prices had a strong correlation in the past week.
Halliburton’s (HAL) implied volatility was 29.5% on April 13, 2018. On January 22, 2018, the day Halliburton released its 4Q17 earnings, its implied volatility was 23%. Since then, Halliburton’s implied volatility has increased. Halliburton accounts for 3.4% 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 decreased 14% since January 22—compared to a 10% fall in Halliburton’s stock price during the same period. ...
Today we’re going to take a look at the well-established Halliburton Company (NYSE:HAL). The company’s stock saw a double-digit share price rise of over 10% in the past couple ofRead More...
As of the week ending April 6, 2018, the US rig count was 1,003—up 8% compared to the week ending December 29, 2017. Growth in the US rig count could increase Schlumberger’s (SLB) revenues and earnings growth in 1Q18. The US rig count increased 41% in 4Q17 compared to the US rig count in 4Q16.
In 1Q18, analysts expect an adjusted EPS (earnings per share) of $0.37 for Schlumberger (SLB). Wall Street analysts expect Schlumberger’s adjusted earnings to decrease 23% in 1Q18 from the adjusted EPS of $0.48 in 4Q17. Despite strong business from North America, Schlumberger’s management expects that higher operational costs in Russia and the North Sea in Europe, the high costs associated with rig reactivation of idle capacity, and equipment repositioning costs in Schlumberger’s international operations could cause Schlumberger’s 1Q18 earnings to decline. ...
Zacks Industry Outlook Highlights: Norfolk Southern, CSX, Union Pacific, Canadian National Railway and Halliburton