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Halliburton (HAL) Suffers a Larger Drop Than the General Market: Key Insights
Zacks Investment Research· 2024-03-22 22:50
The latest trading session saw Halliburton (HAL) ending at $38.39, denoting a -0.18% adjustment from its last day's close. This move lagged the S&P 500's daily loss of 0.14%. Meanwhile, the Dow lost 0.77%, and the Nasdaq, a tech-heavy index, added 0.17%.The provider of drilling services to oil and gas operators's shares have seen an increase of 8.95% over the last month, surpassing the Oils-Energy sector's gain of 4.9% and the S&P 500's gain of 5.34%.The investment community will be closely monitoring the p ...
Keep a Tab On These 3 Broker-Recommended Energy Stocks
Zacks Investment Research· 2024-03-22 16:41
The Energy sector is notorious for its inherent unpredictability, marked by sudden positive surges and downturns. While significant price swings have always characterized investments in oil and natural gas, the degree of uncertainty has markedly risen in recent years, especially following the COVID-19 pandemic.For novice investors, energy market volatility makes investing a precarious and panicky activity. However, stocks like Halliburton (HAL) , Valero Energy (VLO) and Targa Resources (TRGP) are definitely ...
Halliburton (HAL) Stock Falls Amid Market Uptick: What Investors Need to Know
Zacks Investment Research· 2024-03-18 22:56
Halliburton (HAL) ended the recent trading session at $37.71, demonstrating a -0.05% swing from the preceding day's closing price. The stock's performance was behind the S&P 500's daily gain of 0.63%. Elsewhere, the Dow gained 0.2%, while the tech-heavy Nasdaq added 0.82%.The provider of drilling services to oil and gas operators's stock has climbed by 6.85% in the past month, exceeding the Oils-Energy sector's gain of 4.4% and the S&P 500's gain of 1.76%.The upcoming earnings release of Halliburton will be ...
Is It Worth Investing in Halliburton (HAL) Based on Wall Street's Bullish Views?
Zacks Investment Research· 2024-03-14 14:30
Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?Before we discuss the reliability of brokerage recommendations and how to use them to your advantage, let's see what these Wall Street heavyweights think about Halliburton (HAL) .Halliburton currently has an average brokerage recommen ...
Halliburton Company (HAL) Is a Trending Stock: Facts to Know Before Betting on It
Zacks Investment Research· 2024-03-14 14:06
Halliburton (HAL) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term.Shares of this provider of drilling services to oil and gas operators have returned +6.8% over the past month versus the Zacks S&P 500 composite's +4.4% change. The Zacks Oil and Gas - Field Services industry, to which Halliburton belongs, has gained 10.5% over this period. Now the key question is: Where could the stock ...
Halliburton (HAL) Rises Yet Lags Behind Market: Some Facts Worth Knowing
Zacks Investment Research· 2024-03-12 22:51
Halliburton (HAL) closed at $36.75 in the latest trading session, marking a +0.25% move from the prior day. The stock trailed the S&P 500, which registered a daily gain of 1.12%. Meanwhile, the Dow gained 0.61%, and the Nasdaq, a tech-heavy index, added 1.54%.The the stock of provider of drilling services to oil and gas operators has risen by 6.17% in the past month, leading the Oils-Energy sector's gain of 4.79% and the S&P 500's gain of 2.06%.The investment community will be closely monitoring the perform ...
Halliburton First Quarter 2024 Earnings Conference Call
Businesswire· 2024-03-12 21:15
HOUSTON--(BUSINESS WIRE)--Halliburton Company (NYSE: HAL) will host a conference call on Tuesday, April 23, 2024, to discuss its first quarter 2024 financial results. The call will begin at 8:00 a.m. CT (9:00 a.m. ET). The Company will issue a press release regarding the first quarter 2024 earnings prior to the conference call. The press release will be posted on the Halliburton website at www.halliburton.com. Please visit the Halliburton website to listen to the call via live webcast. A recorded version ...
Europe's Secret Weapon In Its Energy War With Russia
Prnewswire· 2024-03-12 13:30
 FN Media Group Presents Oilprice.com Market Commentary LONDON, March 12, 2024 /PRNewswire/ -- If Germany fails to make up for its winding down of Russian natural gas imports, high-priced LNG imports, delayed nuclear power phaseout, and even restarting of dormant coal plants will be the outcome.   That consensus led Berlin, in early February, to earmark $16 billion for the construction of four major natural gas plants to meet electricity demand, in addition to expansion of renewable energies.   Companies me ...
Halliburton (HAL) Flat As Market Sinks: What You Should Know
Zacks Investment Research· 2024-03-05 23:51
Halliburton (HAL) closed the latest trading day at $35.18, indicating no change from the previous session's end. This move was narrower than the S&P 500's daily loss of 1.02%. On the other hand, the Dow registered a loss of 1.04%, and the technology-centric Nasdaq decreased by 1.65%.Heading into today, shares of the provider of drilling services to oil and gas operators had gained 1.88% over the past month, lagging the Oils-Energy sector's gain of 3.07% and the S&P 500's gain of 3.64% in that time.The inves ...
Europe's $800 Billion Energy Crisis Sparks Investment Frenzy
Prnewswire· 2024-03-04 13:00
Core Insights - The energy crisis in Europe, exacerbated by the Russia-Ukraine conflict, has led to significant financial losses and a renewed focus on energy security, creating investment opportunities in the energy sector [1][2] - Natural gas is being recognized as a crucial component in the transition to renewable energy, with countries like Germany investing heavily in natural gas infrastructure [2] - Companies like TotalEnergies and MCF Energy are well-positioned to capitalize on the evolving energy landscape in Europe, focusing on natural gas production and renewable energy investments [4][6] Energy Crisis and Market Dynamics - The energy crisis in Europe has cost hundreds of billions of dollars due to sanctions on Russia, and ongoing conflicts in the Middle East could further threaten energy supplies [1] - Germany has allocated $16 billion for the construction of natural gas power plants, while Austria has made its largest natural gas discovery in 40 years, increasing domestic production by 50% [2] - European hub prices are influencing global LNG spot prices, indicating Europe's significant role in shaping global gas markets [2] Company Highlights - **TotalEnergies (TOT)**: - Secured long-term LNG contracts for 27 years with QatarEnergy, enhancing its role in France's energy security [4] - Reported a record net profit of $21.4 billion for 2023, driven by LNG and electricity divisions [4] - Plans to double its gross renewable generation capacity by 2025 while continuing to invest in oil and gas projects [5] - **MCF Energy (MCF.V; MCFNF.QX)**: - Focused on domestic natural gas production in Germany and Austria, with plans for significant exploration and drilling activities [6][8] - Recently acquired German Genexco, positioning itself to tap into key natural gas prospects [8] - The company is optimistic about its drilling projects, which could provide a domestic solution to Germany's energy security issues [9] Other Notable Companies - **Halliburton Company (NYSE:HAL)**: Provides a range of services to the oil and gas industry, supporting exploration and production activities in Europe [9] - **Schlumberger Limited (NYSE:SLB)**: Offers innovative technologies for the oil and gas sector, playing a key role in the energy transition [10] - **Enbridge Inc. (NYSE:ENB)**: Expanding into Europe with investments in renewable energy and energy transportation infrastructure [10] - **Golar LNG Limited (NASDAQ:GLNG)**: A leader in the LNG industry, focusing on innovative solutions that align with Europe's energy transition goals [11] - **Transocean Ltd (NYSE:RIG)**: Specializes in offshore drilling, enhancing its technological capabilities to meet the demands of the energy sector [12]