|Bid||22.95 x 800|
|Ask||22.99 x 1800|
|Day's Range||22.88 - 23.84|
|52 Week Range||22.87 - 50.87|
|Beta (3Y Monthly)||1.34|
|PE Ratio (TTM)||11.42|
|Earnings Date||Jul 22, 2019|
|Forward Dividend & Yield||0.72 (2.54%)|
|1y Target Est||38.59|
3M Co. (MMM), Mizuho Financial Group Inc. (MFG), Sasol Ltd. (SSL), and Halliburton Co. (HAL) have declined to their three-year lows. The prices of 3M Co. (MMM) shares have declined to $166.09 on May 24, which is only 1.3% above the 3-year low of $163.85. 3M Co. is an American international conglomerate corporation with operations in the fields of industry, worker safety, health care, and consumer goods.
U.S. stock futures are trading higher this morning in a rebound attempt to pare yesterday's large losses.Heading into the open, futures on the Dow Jones Industrial Average are up 0.47%, and S&P 500 futures are higher by 0.48%. Nasdaq-100 futures have added 0.38%.In the options pits, yesterday's plunge sent put activity soaring while overall volume amped to above-average levels. Specifically, about 19.6 million calls and 22.5 million puts changed hands on the session.InvestorPlace - Stock Market News, Stock Advice & Trading TipsOver at the CBOE, the fear fest led the single-session equity put/call volume ratio to its second-highest close of the year at 0.80. At the same time, the 10-day moving average climbed to a new high for 2019 at 0.73.Options traders zeroed in on oil-related stocks Thursday. National Oilwell Varco (NYSE:NOV) and Halliburton (NYSE:HAL) both plunged to new 52-week lows amid heavy volume. American Airlines (NYSE:AAL) also saw unusual options activity as it tests a critical support zone.Let's take a closer look: National Oilwell Varco (NOV)Yesterday's crude oil crash sent oil stocks sliding. National Oilwell Varco dropped 4.41% on the highest single-session volume in two years. 13.2 million shares changed hands while the stock fell to its lowest levels since 2008. * 10 Names That Are Screaming Stocks to Buy The downside acceleration worsens what was already a strong bearish trend. NOV stock now sits well below the falling 200-day, 50-day and 20-day moving averages. We don't have any major support until $16, which is $6 or 27% away. You bottom fish at your peril here.On the options trading front, puts only slightly outpaced calls on the day. Total activity swelled to eye-popping levels at 6,110% of the average daily volume, with 121,952 contracts traded. Puts accounted for 51% of the sum.Implied volatility rocketed higher on the day to 42%, placing it at the 73rd percentile of its one-year range. Premium sellers will be happy to note this is the highest level of 2019. The expected daily move is now 59 cents or 2.7%. Halliburton (HAL)NOV wasn't the only oil stock traders swarmed. Halliburton also saw a groundswell in activity on a day that sent the oil services giant to a new nine-year low. The 5% thrashing saw 24 million shares change handsHAL stock's price chart largely mirrors that of NOV. Every major moving average is falling, leaving ample overhead resistance to reject future rally attempts. Distribution days also litter the landscape showing strong institutional selling pressure. Until a definitive bottoming pattern emerges, bulls should stay away.On the options trading front, calls proved more popular than puts by a hair. Activity climbed to 630% of the average daily volume, with 169,729 total contracts traded. Calls claimed 51% of the tally.Implied volatility jumped to 44% or the 61st percentile of its one-year range. Premiums are now baking in daily moves of 65 cents or 2.8%. American Airlines (AAL)The selling intensity reached a fever pitch yesterday for American Airlines. Two-days of distribution reveal institutions are slamming the sell button. The downside pressure has driven AAL stock to test critical support at the $29 zone. If the floor fails, watch out below!Like its predecessors, AAL's price trend is cruising lower beneath falling moving averages across time frames. Rallies remain suspect, and the path of least resistance is undoubtedly lower. That said, the stock is oversold and testing major support, so a short-term rebound isn't out of the question.The session saw unusual options activity with calls leading the way. Total activity jumped to almost four times or 372% of the average daily volume. In total, 117,445 contracts traded with 57% of the tally coming from calls.Implied volatility ticked higher to 39% or the 26th percentile of its one-year range. Premiums are pricing in daily moves of 72 cents or 2.4%.As of this writing, Tyler Craig didn't hold a position in any of the aforementioned securities. Check out his recently released Bear Market Survival Guide to learn how to defend your portfolio against market volatility. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 5 Safe Stocks to Buy This Summer * The 5 Best Telecom Stocks to Buy Now * 6 Innovative Stocks With Big Long-Term Growth Potential Compare Brokers The post Friday's Vital Data: National Oilwell Varco, Halliburton and American Airlines appeared first on InvestorPlace.
Halliburton Company (HAL) will host a conference call on Monday, July 22, 2019, to discuss its second quarter 2019 financial results. The Company will issue a press release regarding the second quarter 2019 earnings prior to the conference call. The press release will be posted on the Halliburton website at www.halliburton.com.
General Electric (NYSE:GE) stock, once among the most boring names in the Dow Jones Industrial Average, is now facing constant danger.Source: Shutterstock It met earnings guidance for the first quarter but its asset sale to Danaher (NYSE:DHR) may be in trouble. Fears over its pension liability may be overblown but it has a grim future.CEO Larry Culp is "the man for the job" but GE Power may take three years to recover.InvestorPlace - Stock Market News, Stock Advice & Trading TipsGeneral Electric is a great name, and Culp did a fine job at his previous post running Danaher. But this turnaround may be a bridge too far, and do you really want your money tied up in it? Forget the Name General ElectricThere is romance attached to the name General Electric, and over 130 years of history. In analyzing the company, you need to forget the history, or you'll get lost.Let's call this company Culp Industries. * 6 Stocks to Buy for This Decade's Massive Megatrend Culp Industries is a conglomerate with a market cap of $84 billion. It has $107.5 billion in "borrowings," $36.8 billion of insurance liabilities and annuity benefits (from a failed effort in long-term-care insurance), and $32.9 billion in "non-current compensation and benefits" (mainly pensions). This leaves $35.2 billion for "shareholder equity" on the books, up from $31 billion a year ago.Culp Industries consists of several businesses, some of which are doing well and some of which are doing poorly. The Aviation, Healthcare and lending businesses are doing well. The oil and gas business made a little money. The problems are in the power and renewable energy units, which make turbines and related equipment.Culp can't sell the problem children because their value is negative. Closing them would take out $7 billion in revenue and do nothing to reduce those liabilities. The Danaher deal trims the size of the healthcare unit but brings in about $21 billion. Apply that $20 billion to the balance sheet and it takes just one-fifth of the debt. Questions for GE StockIt's the power unit that's taking the whole company down. Respected JPMorgan Chase analyst Stephen Tusa says Culp "appears to be stopping short of telling the whole story" about the unit, which is losing market share. Cash flow for the unit is now seen as "significantly negative." There are more negative data points. General Electric continues to lay off workers, quietly moving jobs to India. The healthcare unit's activities in Brazil could draw fines under the Foreign Corrupt Practices Act.Culp is doing everything he can, short of changing his company's name to Culp Industries, to make investors forget about the old General Electric. He's turning over the board and has dumped plans to build a glorious new headquarters in Boston. Instead, the company will rent space.I can't imagine anyone doing a better job with the hand he has been dealt than Larry Culp. He has moved decisively to reduce cash flow drain, focused on operations that are making money, and created a new attitude for GE stock.If the oil and gas unit, Baker Hughes (NYSE:BHGE), has a winner in its "electric fracking" equipment, more good news could be on the way. BHGE stock is doing better than rivals Schlumberger (NYSE:SLB) and Halliburton (NYSE:HAL), but its value is still down by more than one-third in the last year. The Bottom LineI wouldn't buy Culp Industries here. There are green shoots, the CEO is doing what he can, but an economic downturn could sink the company's big plans at any time -- even at $10 per share.Dana Blankenhorn is a financial and technology journalist. He is the author of a new environmental story, Bridget O'Flynn and the Bear , available now at the Amazon Kindle store. Write him at firstname.lastname@example.org or follow him on Twitter at @danablankenhorn. As of this writing he owned shares in JPM. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 6 Stocks to Buy for This Decade's Massive Megatrend * The 7 Best Stocks to Buy From the IPO ETF * 7 Athletic Apparel Stocks With Marathon Pace Compare Brokers The post General Electric Stock Is Full of Peril appeared first on InvestorPlace.
Halliburton (HAL) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
Halliburton Co NYSE:HALView full report here! Summary * Perception of the company's creditworthiness is neutral * ETFs holding this stock have seen outflows over the last one-month * Bearish sentiment is low * Economic output in this company's sector is contracting Bearish sentimentShort interest | PositiveShort interest is extremely low for HAL with fewer than 1% of shares on loan. This could indicate that investors who seek to profit from falling equity prices are not currently targeting HAL. Money flowETF/Index ownership | NegativeETF activity is negative. Over the last one-month, outflows of investor capital in ETFs holding HAL totaled $12.63 billion. Additionally, the rate of outflows appears to be accelerating. Economic sentimentPMI by IHS MarkitThere is no PMI sector data available for this security. Credit worthinessCredit default swap | NeutralThe current level displays a neutral indicator. Although HAL credit default swap spreads are rising, indicating the market's more negative perception of the company's credit worthiness, they are still comfortably within the range of the last three years.Please send all inquiries related to the report to email@example.com.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
Top Oilfield Services Stocks: Changes in Institutional Ownership(Continued from Prior Part)Top transactionsTogether, the top ten institutional investors in Halliburton (HAL) added 4.5 million shares to their positions in the first quarter. However,
Oil drilling rig count in the United States not only declines for two weeks in a row, but also touches the lowest mark since March 2018.
Houston-based Halliburton Co. (NYSE: HAL) shareholders voiced approval of the company’s executive compensation and passed a measure changing compensation structure at the company going forward at an annual meeting this week. The shareholder approvals are a shift from last year’s annual meeting, in which shareholders voted against the executive compensation measure for the first time in Halliburton’s history. After the 2018 vote failed to pass, Halliburton said in a press release that the company was disappointed by the result and that it would continue to engage with shareholders on executive compensation issues.
One of the best investments we can make is in our own knowledge and skill set. With that in mind, this article will...
The applications of digital technology present clear value to Halliburton’s customers, but the company is also directing that technological advancement inward.
Halliburton Company (HAL) announced today that at its annual meeting of shareholders held in Houston, Texas, on May 15, 2019, the shareholders elected all ten nominees to the Company’s board of directors and ratified the selection of KPMG LLP as principal independent public accountants for 2019. The shareholders also approved, on an advisory basis, the compensation of Halliburton's named executive officers and the proposed amendment and restatement of Halliburton’s Stock and Incentive Plan. Shareholders elected board members Abdulaziz F. Al Khayyal, William E. Albrecht, M. Katherine Banks, Alan M. Bennett, Milton Carroll, Nance K. Dicciani, Murry S. Gerber, Patricia Hemingway Hall, Robert A. Malone, and Jeffrey A. Miller.
Why Oil's Losing Momentum(Continued from Prior Part)Oil rig countLast week, the oil rig count fell by two to 805—the lowest level since March 30. The rig count tends to follow US crude oil prices with a three-to-six-month lag.Sign up for Bagels
Newmont Goldcorp Corp. (NEM), Walgreens Boots Alliance Inc. (WBA), UBS Group AG (UBS), and Halliburton Co. (HAL) have declined to their respective three-year lows.
Mustafa Sanalla, chairman of Libya’s internationally recognized National Oil Corporation (NOC), held meetings with U.S. companies at the Offshore Technology Conference (OTC) in Houston this week, to discuss US$60 billion worth of procurement contracts
Is May Ideal for Oil Bulls?(Continued from Prior Part)Oil rig countLast week, the oil rig count rose by two to 807— near the lowest level since March 30, 2018. The rig count tends to follow US crude oil prices with a three to six-month lag.
Crude Oil in April: Best Month since Late 2016(Continued from Prior Part)Oil rig countLast week, the oil rig count fell by 20 to 805—the lowest level since March 30, 2018. The rig count tends to follow US crude oil prices with a three to six-month
Benzinga has examined prospects for many investor favorite stocks over the past week. Bullish calls a top automaker, a telecom leader and a tech giant. And bearish calls included FAANG stocks and an old-school ...
Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Halliburton Company and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers. This publication does not announce a credit rating action and is not an indication of whether or not a credit rating action is likely in the near future.
U.S. shale oil stocks seem hot again. Oil prices are rising. Production, particularly in the Permian basin, is rising as a result. With energy stocks across the board having a rough 2018, investors have found many stocks to buy in the sector in 2019.The gains may not be over, either. The bidding war for Anadarko Petroleum (NYSE:APC) between Occidental Petroleum (NYSE:OXY) and Chevron (NYSE:CVX) shows that oil majors see value in U.S. shale, especially in the Permian. And it seems to signal a likelihood of more M&A in the region -- and more upside for U.S. shale stocks. * 7 Cloud Stocks to Buy Now There are risks here. It was only a few months that WTI crude prices were in the $40s and shale oil stocks looked left for dead. The economy likely needs to cooperate, and shale stocks already have made some gains. That said, valuations remain reasonable, and there's room for sentiment toward shale to improve further. If it does, these 7 oil stocks should be stocks to buy.InvestorPlace - Stock Market News, Stock Advice & Trading Tips Pioneer Resources (PXD)Source: Shutterstock Pioneer Resources (NYSE:PXD) has rallied on the Anadarko news and with good reason. The thesis is simple: the acquisition of Anadarko is the first of many, as Bloomberg detailed. Exxon Mobil (NYSE:XOM) and Royal Dutch Shell (NYSE:RDS.A,RDS.B) may be interested in making a big splash in the Permian Basin in particular. If they are, Pioneer would be a natural fit.Pioneer has the same Permian focus as Anadarko. Per the company's respective 10-K filings, proved total reserves are nearly identical. If an acquirer were to pay the same price per barrel for PXD as Oxy is offering for APC, PXD would be valued at about $200, some 17% upside.The rally in PXD shares of late perhaps limits the upside in a takeover. But there's still some room for Pioneer shares to keep gaining -- particularly if crude prices continue to rise. Concho Resources (CXO)Source: Shutterstock The other speculated M&A target is Concho Resources (NYSE:CXO). Like Pioneer, Concho has a heavy presence in the Permian, with reserves in both the Delaware and Midland Basins. And Concho actually has greater proved reserves than Anadarko or Pioneer -- yet it trades at a similar valuation, including the companies' respective borrowings.As such, CXO might be a more interesting play on M&A at the moment. It hasn't bounced quite as much as PXD since the Anadarko deal was announced. In fact, CXO stock still trades almost 25% off October highs. Valuation on an earnings basis looks reasonable as well. * 7 Reasons the Stock Market's Record Closing Isn't the End of the Rally It does seem like Concho hasn't received quite as much attention as other similarly-sized shale plays -- which might make it a more attractive target for the majors, or portend more upside if the group continues to rally. Cimarex Energy (XEC)Source: Shutterstock The case for Cimarex Energy (NYSE:XEC) is that XEC stock really hasn't benefited all that much from shale optimism so far this year -- yet it probably should have. The $7 billion market cap company has only seen its stock rise 15% this year -- about half the gains of PXD.That's despite the fact that Cimarex posted a blowout Q4, handily beating analyst estimates. In addition, Cimarex made a seemingly well-timed deal back in November, acquiring Permian-play Resolute Energy, adding to its reserves in the sought-after play at a price that probably wouldn't be available at the moment.Given its size, Cimarex might not be as attractive for the majors, in part because it's simply not quite large enough to move the needle for a company the size of Exxon or Shell. Its more gas-heavy reserves also limit its benefits from higher crude oil prices.But Cimarex still could be a consolation prize for Occidental, or a way for other larger Permian players to bulk up. With valuation cheap at barely 8x earnings estimates, an earnings boost from Resolute on the way, and solid execution of late, XEC stock should catch up to other shale oil stocks in the coming months. Callon Petroleum (CPE)Source: Shutterstock Callon Petroleum (NYSE:CPE) represents an intriguing small-cap play on Permian growth. CPE stock looks cheap, at less than 7x forward earnings. A recent sale of non-core assets brought in $260 million in cash, allowing the company to pay off preferred stock -- and to end the 10% interest payments.Yet investors have mostly shrugged. CPE shares are down over 35% from early October highs. The stock has rallied in recent weeks, but the valuation clearly shows there's more room for upside ahead. * 5 Hot Dividend Stocks to Buy as the Weather Heats Up Even with the asset sale, debt still is an issue: CPE remains a high-risk, high-reward play. But that's not a bad thing if Permian growth continues. If oil keeps rising, and Permian plays keep getting hotter, Callon's debt will act as leverage for the share price -- and could make CPE one of the biggest gainers in shale stocks. Diamondback Energy (FANG)Source: Shutterstock Diamondback Energy (NASDAQ:FANG) is another Permian player that could be an acquisition target. Dana Blankenhorn detailed the case for FANG stock back in February at $105. A few dollars higher, the argument actually looks better. Crude oil prices are higher. That's good news for Diamondback's operations, particularly as it integrates recent acquisitions of Energen and Ajax Resources for a combined $10 billion-plus.Valuation looks attractive, at 12x forward earnings, and cost savings from the acquisitions should provide earnings benefits in 2020 and beyond. FANG has rallied about 10% in recent sessions, but still sits at a sharp discount to 2018 levels. The combination of higher oil prices, better margins, and M&A potential makes FANG one of the more intriguing mid-sized producers in the Permian. Halliburton (HAL)Source: Jason Sussberg via FlickrOil services stock Halliburton (NYSE:HAL) has struggled amid a worldwide oil crunch. The stock touched an eight-year low in December. Even a 13% gain so far this year largely came in the first few sessions. Higher crude prices of late have done little so far for HAL stock.There's an argument to just leave HAL stock alone -- particularly for investors betting on higher crude prices. It's potentially easier to simply buy producers who have direct leverage to oil prices. And shale weakness has been a problem not just for Halliburton, but for a rival like Schlumberger (NYSE:SLB), who called out shale weakness as pressuring its first quarter results. * 7 Dividend Stocks That Could Double Over the Next Five Years Even with those risks in mind, however, there's an intriguing case for HAL stock here. The stock is cheap, at 14x forward earnings. For its part, Halliburton management called a bottom in shale on its Q1 conference call this week. And Halliburton has greater exposure proportionally to shale than SLB or even Baker Hughes, a GE company (NYSE:BHGE). With shale strength -- and M&A hopes -- being priced into some of the producers in the region, servicer HAL may be next in line for a rally. Hi-Crush Partners LP (HCLP)Source: MaxpixelSo-called 'frac sand' providers like Hi-Crush Partners LP (NYSE:HCLP) were among the biggest victims of the shale bust a few years back. HCLP stock trades modestly above $4 at the moment; it cleared $60 back in 2014. And that performance isn't even the worst in the category. Emerge Energy Services LP (NYSE:EMES) was valued above $4 billion that year; it appears headed for a restructuring, with shareholders getting zero.Shale frackers have pivoted to cheaper sands, as even Halliburton detailed on its Q1 call. That's led to lower revenue and profits -- and in the case of HCLP, raised concerns about the company's debt load.Even if fracking continues to grow, those shifts may continue, and HCLP could continue to struggle. This a hugely high-risk play. But the potential rewards are enormous as well. HCLP traded at similar levels back in 2016 -- by the beginning of 2017 the stock was near $20. If Hi-Crush can again reverse current declines, it could see a repeat of those gains.In the meantime, there's another potential catalyst, as Hi-Crush looks to convert from a limited partnership to a C-corporation, making individual share ownership easier. The dividend yield will come down after that conversion -- the currently reported 21%+ yield is not sustainable -- but a simpler HCLP may be a more attractive HCLP.Investors shouldn't put capital into HCLP that they can't afford to lose. The travails of EMES show how cyclical the sector can be, and how quickly share prices can turn south. But the performance of HCLP off the 2016 bottom shows the rewards are potentially huge as well.As of this writing, Vince Martin has no positions in any securities mentioned. More From InvestorPlace * 5 Hot Dividend Stocks to Buy as the Weather Heats Up * 7 Dividend Stocks That Could Double Over the Next Five Years * 10 Stocks to Sell Before They Give Back 2019 Gains * 7 Cloud Stocks to Buy Now Compare Brokers The post 7 U.S. Shale Oil Stocks to Buy as Prices Rise appeared first on InvestorPlace.
Halliburton is one of the largest oilfield services companies in the world, with hundreds of subsidiary businesses and affiliates. Read about their other holdings here.