HAL - Halliburton Company
| Previous Close | 21.95 |
| Open | 21.64 |
| Bid | 21.13 x 800 |
| Ask | 21.27 x 800 |
| Day's Range | 20.89 - 21.67 |
| 52 Week Range | 16.97 - 32.30 |
| Volume | 11,396,468 |
| Avg. Volume | 11,670,459 |
| Market Cap | 18.707B |
| Beta (5Y Monthly) | 1.60 |
| PE Ratio (TTM) | N/A |
| EPS (TTM) | -1.29 |
| Earnings Date | Apr 19, 2020 - Apr 23, 2020 |
| Forward Dividend & Yield | 0.72 (3.23%) |
| Ex-Dividend Date | Mar 02, 2020 |
| 1y Target Est | 27.43 |
- Barrons.com
The Dow Is Down More than 200 Points. This Time There’s More to Blame Than the Coronavirus.
STOCKSTOWATCHTODAY BLOG Service Down. The three major U.S. stock market indexes fell as investors continued to worry about the coronavirus, and the Markit Services purchasing manager index unexpectedly came in below 50, the dividing line between economic expansion and contraction.
- Zacks
Halliburton (HAL) Down 6.9% Since Last Earnings Report: Can It Rebound?
Halliburton (HAL) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
- Business Wire
Halliburton to Issue $1.0 Billion of Senior Notes
Halliburton Company (NYSE: HAL) announced today the pricing of an offering of $1.0 billion aggregate principal amount of 2.92% senior notes due 2030. The offering is expected to close on March 3, 2020, subject to the satisfaction of customary closing conditions.
- GuruFocus.com
Richard Pzena's Firm Buys Westinghouse Air Brake Technologies
Guru's largest buys of 4th quarter Continue reading...
- Business Wire
Halliburton Announces Cash Tender Offers for Senior Notes
Halliburton Company (NYSE: HAL) announced today that it has commenced cash tender offers (each, individually with respect to a series of Notes, a "Tender Offer" with respect to such series, and collectively, the "Tender Offers") to purchase up to $1,500,000,000 aggregate principal amount (the "Maximum Tender Offer Amount") of its senior notes as identified in the table below (collectively, the "Notes").
- Reuters
INSIGHT-Argentina's energy bust spawns 'ghost town' in prized Vaca Muerta
AÑELO, Argentina, Feb 19 (Reuters) - Just weeks into his young administration, Argentina's new president convened a meeting with executives from Chevron Corp, Royal Dutch Shell PLC and other oil companies in a bid to smooth things over with an industry which he had slammed as a candidate months before. In a fence-mending session Jan. 16, Fernandez apologized to energy executives for the mixed signals, according to an industry source with direct knowledge of the meeting.
- Oilprice.com
Can Digital Tech Solve Oil’s Talent Crisis?
Younger generations aren’t hearing the calling to an oil industry that is gearing up for a dramatic talent shortage as mature experts begin to retire
- Business Wire
Halliburton Declares Dividend and Announces Annual Shareholders’ Meeting
Halliburton Company (NYSE: HAL) announced today that its board of directors has declared a 2020 first quarter dividend of eighteen cents ($0.18) a share on the Company’s common stock payable on March 25, 2020, to shareholders of record at the close of business on March 4, 2020.
- GuruFocus.com
Sarah Ketterer Drills Deeper Into Oil Company Ovintiv
Company recently changed its name amid reorganization Continue reading...
- Rigzone.com
Halliburton and Socar AQS to Form JV
Halliburton and Socar AQS have signed a memorandum of understanding to form a new joint venture.
- Reuters
TechnipFMC expects charges of $2.4 bln in fourth quarter
Oilfield services provider TechnipFMC said on Monday that it expects to take asset impairment charges of $2.4 billion in the fourth quarter as producers cut spending due to lower prices for oil and gas. TechnipFMC also said it expects 2019 revenue to be near $13.5 billion, the midpoint of its previously estimated range, and forecast goodwill impairment charge in the subsea segment to account for $1.3 billion of the total charges. Weakening North American shale activity due to lower oil prices has taken a toll on oilfield services provider, with Halliburton Co disclosing a $2.2 billion charge last month, while Schlumberger NV outlined an aggressive cost-cut plan.
- Investopedia
Energy ETFs Rally Amid Possible OPEC Production Cuts
Beaten-down energy stocks have shown signs of a recovery this week. Play for further upside with these three ETFs.
- Reuters
Halliburton restricts travel to Asia Pacific amid virus outbreak
U.S. oilfield services firm Halliburton Co is restricting non-critical business travel to the Asia-Pacific region, a spokeswoman for the company said on Tuesday, joining others taking travel precautions due to the coronavirus outbreak. More than 400 people have died from the virus which originated in China, according to authorities in that country, and the number of infections reported there has climbed to over 20,000. There have been nearly 200 cases across two dozen other countries and China's special administrative regions Hong Kong and Macau.
- TipRanks
These 3 Stocks Can Bounce Back in 2020, Say Analysts
The oft repeated mantra of ‘buy low, sell high’ makes perfect sense, but the execution of said instruction is a lot harder than it suggests. We humans are naturally inclined to latch on to a winning horse, rather than back those languishing behind.However, as anyone with knowledge of the investing game will tell you, going against the grain is often the way to maximize returns. In the ever-changing marketplace, some stocks have fallen on hard times for a variety of reasons like disappointing earnings, removal of a CEO and macro trends, all of which can impact investors’ confidence in a company’s ability to deliver. But often, the cycle will turn, and a recovery will occur, so long as the fundamentals remain strong enough.With these thoughts as a starting point, we used TipRanks’ Stock Screener to find 3 tickers the Street thinks are about to execute a turnaround in 2020 after falling on hard times over the last year. Let’s take a closer look at what we uncovered.Schlumberger Limited (SLB)A big player in oilfield services, Schlumberger has endured a roller coaster 12 months, gaining and losing its share price intermittently. Ultimately, though, over the last year, SLB stock has lost 24%, the bulk of which it recently shed in January.Companies in the oil industry are heavily subjected to the impact of macrotrends. The energy sector was recently affected by the outbreak of the coronavirus in China. The virus has restricted people’s movement, which in turn causes a decrease in the amount of fuel purchased. This, naturally, exerts downward pressure on energy stocks.Schulmberger’s recent earnings report was a mixed affair, too. Despite reporting Q4 revenue that exceeded expectations, the company posted a $10.1 billion loss in 2019. Driven mostly by land market weaknesses, North American revenues fell 10% year-over-year to $10.8 billion. SLB's Q4 revenue dropped quarter-over-quarter by 4%, too.Nevertheless, following a recent meeting with the company’s CEO, RBC’s Kurt Hallead came away impressed. The analyst believes the company has “a compelling case for margin improvement and free cash flow generation.” Acceleration in global energy expenditures, rebound in high-margin offshore drilling activity and a greater-than-expected increase in international exploration, completion and production activity are potential catalysts according to Hallead.Additionally, Hallead highlights SLB’s commitment to the dividend (the company pays a $2 annual dividend with a yield of 5.97% - more than double the average of S&P 500 companies).The analyst concluded, “We continue to see SLB as a through-cycle core holding for large cap energy investors. Given our outlook for an improving international market dynamic, we believe SLB is fundamentally well positioned to outperform during 2020.”Taking all of this into consideration, Hallead reiterated an Outperform on the energy giant. At his $40 price target, a 19% twelve-month gain could be in the cards. (To watch Hallead’s track record, click here)And what about the rest of the Street? It sees SLB drilling for more gains, too. 9 Buys and 2 Holds add up to a Strong Buy consensus rating. The average price target outstrips Hallead’s and comes in at $43.55, implying upside potential of 31% over the coming months. (See Schlumberger stock analysis on TipRanks) Halliburton Company (HAL)Staying in the same (oil) field, we drill deeper into one of the world’s largest oil field service companies, Halliburton. Closely mirroring Schlumberger’s performance, over the last 12 months, HAL’s share price has lost 30%. The downtrend stretches back three years now, a period in which HAL stock has declined by over 60%. According to RBC’s Hallead (who covers HAL, too), 2020 will see a reverse of the trend.Like SLB, Halliburton has been affected by recent macrotrends and similarly, the company’s latest earnings report exhibited a decline in North American revenues. The outlook confirms business in the region won’t get any stronger in 2020, but drilling activity will continue to rise in the international markets and should positively impact Halliburton's earnings.Hallead thinks so, too. The analyst argues that increased activity, pricing power and HAL's ability to compete for high margin services “should lead to international margin expansion in 2020.” The highest growth is expected in the Asia-Pacific region followed by Europe and the Commonwealth of Independent States, Middle East and Latin America. All of these will lead to “similar margin progression as 2019.”The analyst said, “We are increasing our 2020E/21E EPS to $1.29/$1.63 from $1.17/ $1.47. The primary driver is adjustments to C&P (completion and production) revenue and margin progression. We continue to see HAL as a through-cycle core holding for large-cap energy investors given improving international markets and a better than group average return profile.”So, what’s the bottom line? Hallead sided with the bulls, keeping his Outperform rating as is. He also bumped up the price target from $23 to $25, representing potential gains of 16% in the year ahead.The Street agrees. HAL’s Strong Buy consensus rating breaks down into 8 Buys and 2 Holds. Should the average price target of $27.33 be met over the next 12 months, investors stand to take home gains in the shape of 26%. (See Halliburton stock analysis on TipRanks) Occidental Petroleum (OXY)Lastly, we come across another big player in the energy sector. Occidental Petroleum is valued at $36 billion, with its exploration and drilling operations spanning from the US to the Middle East to Colombia. The company also engages in petrochemical manufacturing in the US, Canada, and Chile.The past 12 months also haven’t been kind to OXY. In fact, OXY’s share price over the last year exhibits the worst performance of all three - a downturn in the shape of 40%. The nadir was reached in December, when the share price hit $37.25, the lowest it has been since 2005. The market has been unforgiving to OXY due to the company’s high debt load; investors were unhappy in 2019 following the massive outlay of $57 billion to outbid Chevron for the purchase of Anadarko Petroleum. Don’t be alarmed, though, says Morgan Stanley’s Devin McDermott, as the pullback presents opportunity. Furthermore, investors should take comfort in the company’s handsome dividend.McDermott said, “We believe the dividend, which offers a best-in-class 7% yield, is safe with room for long-term growth under most scenarios. While efforts to reduce leverage have made significant progress in de-risking the business, Occidental still trades at 2 times the free cash flow yield of U.S. integrated and large-cap E&P peers… From here, execution on synergy targets, recently provided guidance through 2022, and planned debt reduction via asset sales will be key to compressing the dividend back toward pre-deal levels of 5%.”To this end, McDermott upgraded Occidental Petroleum from Equal Weight to Overweight. The upgrade comes with a new $59 price target, too. The updated figure implies upside potential of a hefty 49%. (To watch McDermott’s track record, click here)Away from the oil field and out on the Street, the outlook is mixed. 4 Buys and 7 Holds amount to a Moderate Buy consensus rating. With an average price target of $49.78, though, the bulls have the upper hand as the figure implies potential upside of 24%. (See Occidental stock analysis on TipRanks)
- GuruFocus.com
Top Value Stocks Trading Below Revenue
These companies’ 2019 sales are higher than their market caps, providing value opportunities Continue reading...
- Zacks
Energy Stock Earnings Line-up for Jan 31: CVX, XOM & IMO
The latest Earnings Outlook indicates that the energy sector's Q4 results might reflect a 47.1% nosedive from the year-ago reported figure.
- Zacks
Halliburton (HAL) Wins Seven Next-Phase Ichthys Contracts
US oilfield contractor Halliburton (HAL) has been awarded major drilling contracts for Ichthys Phase-2 by INPEX.
- Oilprice.com
OPEC+ Halts Slide In Oil Prices
After several days of losses, oil prices stabilized on Tuesday morning after OPEC and partners announced their intent to extend output cuts till June of this year
- Zacks
Oil & Gas Stock Roundup: Halliburton, Kinder Morgan & Baker Hughes Report Q4 Earnings
Big Oil will be in focus this week with supermajors ExxonMobil (XOM) and Chevron (CVX) reporting fourth-quarter earnings on Friday.
- Business Wire
Halliburton Wins Drilling and Completion Services Contracts for INPEX-Operated Ichthys Project Field Development
Halliburton Company (NYSE: HAL) announced today it has been awarded seven contracts for drilling and completion services for the next phase of field development of the INPEX-operated Ichthys Project in the Browse Basin offshore northern Australia.
- Rigzone.com
Halliburton Wins Offshore Australia Contracts
Halliburton reported that it has won seven drilling and completion services contracts for the next phase of the Ichthys field development.
- GuruFocus.com
Coronavirus Fears Reveal Weakness in the Energy Sector
Underperformance in the sector may continue with growing inventories and poor risk-reward Continue reading...
- MarketWatch
Energy stocks lead S&P 500's sector losers, as oil prices hurt by coronavirus fears
The energy sector is suffering a broad selloff, and is the worst performer of the S&P 500's 11 key sectors, amid increasing worries that the deadly coronavirus would weigh on economic growth and sap demand for crude oil. The SPDR Energy Select Sector ETF dropped 2.5% toward a 13-month low, with all 28 components losing ground. The ETF has now dropped 6.6% in the past week as the coronavirus out of Wuhan made headlines. Halliburton Co.'s stock was the biggest loser Monday, shedding 5.0%. Among the other more-active components, shares of Schlumberger Ltd. slid 4.7%, Exxon Mobil Corp. declined 1.9%, Marathon Oil Corp. lost 2.0% and Kinder Morgan Inc. slipped 0.8%. Meanwhile, crude oil futures shed 2.8%, and were on track to settle at a 3 1/2-month low. The selloff comes as the S&P 500 dropped 1.6%. Separately, Marathon Oil was upgraded by Stifel Nicolaus analyst Derrick Whitfield, who picked Monday to raise his rating to buy, after being at hold for at least the past three years. Whitfield said he's now bullish because of the company's commitment to shareholder returns and improving capital efficiency. The company also offers investors lower than average execution risks.
- Zacks
5 Oil & Gas Stocks Likely to Surpass Q4 Earnings Estimates
The latest Earnings Preview implies a 47.2% slump in the energy sector's fourth-quarter earnings from the year-ago reported number.
- Zacks
US Oil Drillers Add Rigs Despite Conservative Capital Budget
Domestic oil drillers may again remove rigs since explorers have decided to curb spending on the drilling of new wells for the second straight year in 2020.
