HAL - Halliburton Company

NYSE - NYSE Delayed Price. Currency in USD
23.10
-0.48 (-2.04%)
At close: 4:01PM EST
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Previous Close23.58
Open23.50
Bid23.06 x 3200
Ask23.07 x 4000
Day's Range22.83 - 23.50
52 Week Range16.97 - 32.71
Volume11,493,341
Avg. Volume11,642,583
Market Cap20.277B
Beta (5Y Monthly)1.55
PE Ratio (TTM)17.01
EPS (TTM)1.36
Earnings DateApr 19, 2020 - Apr 23, 2020
Forward Dividend & Yield0.72 (3.01%)
Ex-Dividend DateDec 03, 2019
1y Target Est27.48
  • Oilprice.com

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  • Thomson Reuters StreetEvents

    Edited Transcript of HAL earnings conference call or presentation 21-Jan-20 2:00pm GMT

    Q4 2019 Halliburton Co Earnings Call

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    6 Companies With Expanding Earnings

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  • Oil's Contractors Are Contracting, and That's Good
    Bloomberg

    Oil's Contractors Are Contracting, and That's Good

    (Bloomberg Opinion) -- Kinder Morgan Inc. just issued the thrilling news that it plans to grow profits by 0% this year. That counts as a win in energy in 2020.The pipelines giant was something of a bellwether in late 2015 when it slashed its dividend and soon after did the same to its growth plans. This process reached a logical conclusion of sorts in the full year results presented Wednesday evening. After the usual bullish remarks about natural gas, management outlined a plan to keep spending tight so it could bump the divided up on flat Ebitda. Having chipped away at its debts over the past four years or so, several asset sales allowed leverage to dip a bit further. And even as the project backlog drifted lower, any scurrilous talk of M&A on the earnings call was quashed swiftly.This is your U.S. energy playbook for the foreseeable future, folks.Kinder isn't a bellwether this time; the shrinkage doctrine is cropping up all over. We've just been treated to a set of results from the big oilfield services companies best described as managed retreat. Like Kinder Morgan's gas commentary, Schlumberger Ltd. made its customarily upbeat remarks about the outlook for international drilling activity on its own earnings call last week. Yet the action items are largely a set of retrenchments: job cuts, technology franchising (read: asset-light) and exiting or potentially exiting commoditized businesses such as artificial lift, fracking equipment and drilling tools. Similarly, Halliburton Co. touted growth prospects overseas, while carrying out “initial personnel reductions and real estate rationalization” as its core U.S. land business continues to suffer. Both companies are back to trading at discounts last seen when the oil crash was only just getting underway.The contractors are taking their lead from their clients. Both ConocoPhillips and Chevron Corp. closed out 2019 with declarations of restraint; one via a strategy presentation and the other with a big write-down. Similarly, the shortest run of year-over-year job gains in the U.S. upstream business since 2002 effectively ended in November (see this). It’s tough for even this habitually upbeat industry to talk a big game when (a) natural gas prices are comatose in the middle of JANUARY and (b) despite a year’s worth of Middle East drama having been crammed into just a few weeks, oil futures are lower now than they were after that last supposed game-changer in Saudi Arabia back in September:Evident caution on the part of oil and gas enablers such as pipeline operators and rig contractors is a clear sign the mantra of reducing capital intensity is taking over. After a decade like the one just gone, with many billions wasted in pursuit of sheer market share, that is no bad thing. Plus, with efforts to address climate change — itself essentially a war on waste — this decade brings added pressure to run an extraordinarily tight ship.Old habits die hard, and not everyone gets it. But with E&P earnings season about to kick off, it is worth noting that Kinder Morgan, with guidance roughly as exciting as cocktail hour at a pipelines conference, leads the energy sector on Thursday morning.To contact the author of this story: Liam Denning at ldenning1@bloomberg.netTo contact the editor responsible for this story: Mark Gongloff at mgongloff1@bloomberg.netThis column does not necessarily reflect the opinion of Bloomberg LP and its owners.Liam Denning is a Bloomberg Opinion columnist covering energy, mining and commodities. He previously was editor of the Wall Street Journal's Heard on the Street column and wrote for the Financial Times' Lex column. He was also an investment banker.For more articles like this, please visit us at bloomberg.com/opinionSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Houston's oil field service companies close out tough 2019
    American City Business Journals

    Houston's oil field service companies close out tough 2019

    The three largest oil field equipment and services companies based in Houston all reported trouble in their North American arms.

  • Things You Should Know from Halliburton's (HAL) Q4 Earnings
    Zacks

    Things You Should Know from Halliburton's (HAL) Q4 Earnings

    Well aware of the tough operating environment, Halliburton (HAL) aims to protect its cash flows in 2020.

  • What Do Q4 Earnings Say About Oil Service ETFs?
    Zacks

    What Do Q4 Earnings Say About Oil Service ETFs?

    Schlumberger and Halliburton have surpassed earnings estimates in Q4 and put these ETFs in focus.

  • GuruFocus.com

    Global Markets Turn Red Tuesday

    Halliburton falls on fourth-quarter results Continue reading...

  • Halliburton (HAL) Q4 Earnings Top on International Activity
    Zacks

    Halliburton (HAL) Q4 Earnings Top on International Activity

    Halliburton's (HAL) Drilling and Evaluation unit profit jumps from $185 million in the fourth quarter of 2018 to $224 million in the corresponding quarter of 2019.

  • US STOCKS-S&P 500 loses ground amid China virus outbreak, growth fears
    Reuters

    US STOCKS-S&P 500 loses ground amid China virus outbreak, growth fears

    The benchmark S&P 500 slipped on Tuesday as worries about the fallout from a deadly virus outbreak in China and a gloomy growth outlook from the IMF prompted investors to lock in recent gains. With the virus spreading just ahead of the Chinese New Year holidays, the S&P 1500 airlines index fell 2.4%. Hotel and casino operators Las Vegas Sands Corp and Wynn Resorts Ltd, both of which have large operations in China, dropped about 5%.

  • U.S. Shale Has Already Peaked for Drillers Like Halliburton
    Bloomberg

    U.S. Shale Has Already Peaked for Drillers Like Halliburton

    (Bloomberg) -- U.S. shale oil fracking has already peaked and is in a period of sustained contraction, according to two major providers of services to the industry.That view from Halliburton Co. and Schlumberger Ltd. signals an eventual deceleration in U.S. oil production, which is currently at record highs. Slower output growth would have global ramifications, given additional American barrels are forecast to account for most of the increase in worldwide supply this year.Halliburton Chief Executive Officer Jeff Miller said Tuesday that customer spending in North America will keep falling this year. That echoes Schlumberger, which said Friday it’s continuing to shrink its business in the region to match lower demand.The oil services industry has cut thousands of jobs in the U.S. and scrapped unwanted fracking equipment in recent months as shale companies slash spending in a bid to generate free cash flow amid a stagnant oil market and slumping natural gas prices. The deep retrenchment indicates a lack of conviction that demand will ever recover to previous highs.Halliburton said Tuesday it’s slashing its own spending by 20% from last year to $1.2 billion to keep up with a changing market.“2019 solidified the pivot from growth to capital discipline in North America,” Miller told analysts and investors Tuesday on a conference call. “As unconventionals enter maturation phase, Halliburton is committed to the North American market.”Houston-based Halliburton said North American revenue slumped 21% in the final three months of last year compared with the third quarter. It took $2.2 billion of impairment charges for the most recent period, related to severance costs and writedowns on pressure-pumping and drilling equipment.Halliburton cut 22% of its frack fleet last year, Miller said. Schlumberger, the largest oil and gas services company, has already reduced its pressure-pumping fleet in half, and said Friday it has no intention of bringing that equipment back into service. It took $12.7 billion in pretax charges for the third quarter and is restructuring its North American land business.Even if oil prices improve, publicly traded oil and gas exploration and production companies aren’t likely to materially change their capital-spending plans, Praveen Narra, an analyst at Raymond James, wrote Tuesday in a note. “We predict an underspend of 11%, meaning the E&P industry is cash flow positive after capex for the first time since 2005.”The gloomy picture at home contrasts with improving demand internationally as larger oil companies make a slow recovery from depressed crude prices several years earlier. However, Halliburton, the No. 3 oil services provider, has historically generated more of its sales in the U.S. and Canada than Schlumberger or Baker Hughes Co., the other big player.“In 2020, we expect our international growth to continue” and international margins to improve, Miller said in a statement.Halliburton reported a $1.65 billion net loss for the fourth quarter, compared with net income of $664 million a year earlier. Excluding the impairment charges, earnings per share exceeded analysts’ estimates by 3 cents.Shares of the company rose 1.9% to $24.41 at 11:05 a.m. in New York.To contact the reporter on this story: David Wethe in Houston at dwethe@bloomberg.netTo contact the editors responsible for this story: Simon Casey at scasey4@bloomberg.net, Pratish Narayanan, Steven FrankFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Halliburton Posts 4th-Quarter Beat on Higher International Demand
    GuruFocus.com

    Halliburton Posts 4th-Quarter Beat on Higher International Demand

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  • US STOCKS-Wall St rally pauses amid China virus outbreak, growth fears
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    US STOCKS-Wall St rally pauses amid China virus outbreak, growth fears

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  • Halliburton (HAL) Q4 Earnings and Revenue Beat Estimates
    Zacks

    Halliburton (HAL) Q4 Earnings and Revenue Beat Estimates

    Halliburton (HAL), the world's No.2 oilfield services provider, reported fourth quarter adjusted income per share of 32 cents.

  • Barrons.com

    Halliburton Lost $1.7 Billion. Here’s Why the Stock Is Up.

    Halliburton posted a $1.7 billion loss, after taking a $2.2 billion write-down, largely because of a slowdown in drilling in North America. Halliburton has been laying off staff and scrapping drilling equipment over the past year. Part of its impairment charge was for severance costs.

  • Dow Jones Today, Stocks Struggle After China Virus Rattles Markets; Intel, Tesla, Logitech Rise
    Investor's Business Daily

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  • Reuters

    US STOCKS-Futures lower as China virus outbreak, growth worries sour mood

    U.S. stock index futures followed Asian and European markets lower on Tuesday as worries about the fallout from a deadly virus outbreak in China and a gloomy growth outlook from the IMF looked set to stall a record rally on Wall Street. With the virus spreading just ahead of Chinese New Year holidays, travel stocks including Delta Air Lines Inc, United Airlines Holdings Inc and American Airlines Group Inc fell about 2% in premarket trading. Hotel and casino operators Las Vegas Sands Corp and Wynn Resorts Ltd, both of which have large operations in China, dropped more than 5%.

  • Benzinga

    Benzinga Pro's Top 5 Stocks To Watch For Tues., Jan. 21, 2020: HAL, LB, NVAX, CAT, TCOM

    Benzinga Pro's Stocks To Watch For Tuesday Halliburton (HAL)  - Reported better-than-expected Q4 earnings and sales. The stock was up 1% ahead of the open. L Brands (LB)  - Shares traded up more than 2% ...

  • Halliburton Beat Earnings Estimates and the Stock Is Higher - Where's the Further Upside?
    TheStreet.com

    Halliburton Beat Earnings Estimates and the Stock Is Higher - Where's the Further Upside?

    Halliburton shares are higher thanks to the formation of a golden cross on the oil-services giant's daily chart last week. The upside is to this week's risky level at $26.33.

  • Halliburton takes $2.2 billion charge on shale slump
    Reuters

    Halliburton takes $2.2 billion charge on shale slump

    The charge for asset impairments was centered on hydraulic fracturing and legacy drilling equipment units, and employee severance costs, the company said. Halliburton dismissed 8% of its North American staff at mid-year, and later cut staff across several western U.S. states. Fracking applies high pressure to release trapped oil and gas in shale wells.

  • MarketWatch

    Halliburton swings to $1.7 billion loss, but stock surges as adjusted profit beats expectations

    Shares of Halliburton Co. surged 2.3% in premarket trading Tuesday, after the oil services company reported a fourth-quarter adjusted profit and revenue that fell from a year ago, but beat expectations. The company swung to a net loss of $1.65 billion, or $1.88 a share, from a profit of $664 million, or 76 cents a share, in the year-ago period. Excluding non-recurring items, such as a $2.2 billion impairment charge to adjust its cost structure to market conditions, adjusted earnings per share came to 32 cents, above the FactSet consensus of 29 cents. Revenue fell 6% to $5.19 billion, beating the FactSet consensus of $5.13 billion. Completion and production revenue decreased 13% to $3.06 billion, just shy of the FactSet consensus of $3.07 billion, while drilling and evaluation revenue rose 4% to $2.13 billion, to beat expectations of $2.08 billion. North America revenue fell 21% from the sequential third quarter to $2.3 billion, due primarily to reduced activity and pricing of land, primarily associated with pressure pumping and well construction. The stock has climbed 22.2% over the past three months through Friday, while the VanEck Vectors Oil Services ETF has rallied 10.1% and the S&P 500 has advanced 10.7%.

  • Business Wire

    Halliburton Announces Fourth Quarter 2019 Results

    Halliburton Company (NYSE:HAL) announced today a net loss of $1.7 billion, or $1.88 per diluted share, for the fourth quarter of 2019. This compares to net income for the third quarter of 2019 of $295 million, or $0.34 per diluted share. Adjusted net income for the fourth quarter of 2019, excluding impairments and other charges, was $285 million, or $0.32 per diluted share. Halliburton's total revenue in the fourth quarter of 2019 was $5.2 billion, a 6% decrease from revenue of $5.6 billion in the third quarter of 2019. Reported operating loss was $1.7 billion during the fourth quarter of 2019, compared to operating income of $536 million in the third quarter of 2019. Adjusted operating income for the fourth quarter of 2019, excluding impairments and other charges, was $546 million, a 2% increase sequentially.