Core Viewpoint - Oil prices have dropped by 5%, leading to significant pre-market declines in the stock prices of major U.S. energy companies [1] Group 1: Company Stock Performance - Occidental Petroleum (OXY.US) shares fell by 3.1% [1] - ConocoPhillips (COP.US) shares decreased by 2.6% [1] - Halliburton (HAL.US) stock dropped by 4.1% [1] - Schlumberger (SLB.US) shares declined by 2.9% [1] - ExxonMobil (XOM.US) saw a decrease of 1.5% in its stock price [1] - Chevron (CVX.US) shares fell by 1.7% [1]

Group 1 - Halliburton Company (NYSE:HAL) shares have increased by 28.8% over the past year and by 13% year-to-date [2] - Stifel raised Halliburton's share price target to $35 from $32 while maintaining a Buy rating, highlighting its leadership in establishing new wells for production [2] - Susquehanna also raised Halliburton's share price target to $36 from $29, indicating potential benefits from solid drilling activity in the US [2] Group 2 - Jim Cramer emphasized the value of Halliburton's infrastructure business, describing it as a "refiner's dream come true" [3] - While Halliburton shows investment potential, there is a belief that some AI stocks may offer higher returns with limited downside risk [3]

Core Viewpoint - The New York State Common Retirement Fund has increased its investment in Halliburton Company by 12.8% in the third quarter, indicating growing institutional interest in the oilfield services company [2]. Institutional Investment - The New York State Common Retirement Fund now holds 1,645,526 shares of Halliburton, valued at $40,480,000, after acquiring an additional 186,105 shares [2]. - Vanguard Group Inc. raised its stake in Halliburton by 1.6%, owning 105,363,599 shares valued at $2,147,310,000 after purchasing 1,617,696 shares [3]. - Charles Schwab Investment Management Inc. increased its holdings by 1.2%, now owning 30,287,989 shares worth $617,269,000 after buying 346,218 shares [3]. - Geode Capital Management LLC lifted its stake by 0.4%, owning 22,342,963 shares valued at $453,461,000 after acquiring 92,549 shares [3]. - Invesco Ltd. boosted its holdings by 10.1%, now owning 11,903,833 shares worth $242,600,000 after purchasing 1,089,928 shares [3]. - Pacer Advisors Inc. increased its stake by 23.1%, owning 10,154,605 shares valued at $249,803,000 after buying 1,906,724 shares [3]. - Institutional investors and hedge funds collectively own 85.23% of Halliburton's stock [3]. Analyst Ratings - TD Cowen raised its price target for Halliburton from $39.00 to $40.00, maintaining a "buy" rating [4]. - Citigroup increased its target price from $33.00 to $38.00, also giving a "buy" rating [4]. - Susquehanna raised its price target from $36.00 to $40.00, assigning a "positive" rating [4]. - Zacks Research upgraded Halliburton from a "strong sell" to a "hold" rating [4]. - Redburn Partners set a price objective of $35.00 [4]. - The consensus rating for Halliburton is "Moderate Buy" with an average price target of $34.76 [4]. Financial Performance - Halliburton reported earnings per share (EPS) of $0.69 for the last quarter, exceeding the consensus estimate of $0.55 by $0.14 [6]. - The company generated revenue of $5.66 billion, surpassing analyst estimates of $5.39 billion, with a year-over-year revenue increase of 0.8% [6]. - Halliburton's return on equity was 19.77%, and its net margin was 5.78% [6]. Stock Performance - Halliburton shares opened at $33.52, with a market capitalization of $28.21 billion [5]. - The company has a current ratio of 2.04, a quick ratio of 1.51, and a debt-to-equity ratio of 0.68 [5]. - The stock has a 1-year low of $18.72 and a high of $35.55, with a price-to-earnings ratio of 22.20 and a PEG ratio of 1.99 [5]. Dividend Information - Halliburton announced a quarterly dividend of $0.17 per share, representing an annualized dividend of $0.68 and a yield of 2.0% [7]. - The dividend payout ratio is currently 45.03% [7].

Market Overview - The Solid Control Drilling Waste Management Market was valued at USD 1.50 billion in 2025 and is projected to reach USD 3.23 billion by 2035, growing at a CAGR of 8.06% from 2026 to 2035 [1][5]. Market Drivers - The increase in global oil and gas drilling activities is driving the demand for effective solid control and waste management systems due to the significant amount of drilling waste produced [1]. - Companies are focusing on implementing advanced separation technology and treatment solutions to manage contaminated drilling fluids and materials safely [1]. - Environmental protection regulations are encouraging operators to adopt eco-friendly disposal methods, further boosting market demand [1]. Key Market Segmentation By Waste Type - Contaminated Oil Based Muds held a dominant market share of approximately 58% in 2025, attributed to the large volume of hazardous muds generated from oil and gas drilling operations [6]. - The Waste Lubricants segment is expected to grow at the fastest CAGR from 2026 to 2035 due to increasing drilling operations and stricter environmental regulations [6]. By Application - The Onshore segment dominated the market with around 61% share in 2025, driven by the high number of land-based drilling projects [7]. - The Offshore segment is anticipated to grow at the fastest CAGR from 2026 to 2035, fueled by increasing deepwater and offshore oil and gas exploration activities [7]. By End-Use - The Oil & Gas sector accounted for approximately 69% of the market share in 2025, due to extensive use of drilling fluids and high-volume waste generation [8]. - The Geothermal Energy segment is projected to grow at the fastest CAGR from 2026 to 2035, driven by a rising focus on renewable energy and increasing geothermal drilling projects [8]. By Service Type - Solid Control services represented about 41% of the market in 2025, as they are essential for separating solids from drilling fluids [9]. - The Waste Treatment & Disposal segment is expected to experience the fastest growth from 2026 to 2035, driven by increasing environmental regulations and sustainability initiatives [9]. Regional Insights - North America led the market with a revenue share of approximately 38% in 2025, due to extensive oil and gas drilling activities in the U.S. and Canada [11]. - The Asia Pacific region is expected to grow at the fastest CAGR of about 9.39% from 2026 to 2035, driven by rising oil and gas exploration activities and growing investments in drilling infrastructure [11]. Competitive Landscape - Key players in the market include Schlumberger, Halliburton, Baker Hughes, Weatherford International, and others [4]. - Recent developments include TWMA securing a $15 million drilling waste management contract for BP's Mediterranean project and Schlumberger partnering with Cactus Drilling to optimize drilling operations [15].

Core Viewpoint - Momentum investing focuses on following a stock's recent price trends, aiming to buy high and sell higher, with the expectation that established trends will continue [1] Company Overview: Halliburton (HAL) - Halliburton currently holds a Momentum Style Score of A, indicating strong momentum characteristics [2] - The company has a Zacks Rank of 2 (Buy), suggesting it is positioned for potential outperformance in the market [3] Price Performance - Over the past week, Halliburton's shares increased by 4.24%, slightly outperforming the Zacks Oil and Gas - Field Services industry, which rose by 4.23% [5] - In a longer timeframe, HAL's shares have appreciated by 21.35% over the past month, compared to the industry's 19.06% [5] - Over the last quarter, shares have risen by 25.68%, and over the past year, they have gained 25.36%, significantly outperforming the S&P 500, which increased by 2.61% and 15.23% respectively [6] Trading Volume - Halliburton's average 20-day trading volume is 14,658,035 shares, which serves as a bullish indicator when combined with rising stock prices [7] Earnings Outlook - In the last two months, 7 earnings estimates for Halliburton have been revised upwards, while only 2 have been revised downwards, leading to an increase in the consensus estimate from $2.18 to $2.26 [9] - For the next fiscal year, 5 estimates have moved higher with no downward revisions, indicating positive sentiment regarding future earnings [9] Conclusion - Given the strong momentum indicators and positive earnings outlook, Halliburton is positioned as a solid momentum pick with a Momentum Score of A and a Zacks Rank of 2 (Buy) [11]

Core Viewpoint - Investors are evaluating Halliburton (HAL) and Core Laboratories (CLB) for potential undervalued stock opportunities in the Oil and Gas - Field Services sector [1] Group 1: Company Rankings - Halliburton has a Zacks Rank of 2 (Buy), while Core Laboratories has a Zacks Rank of 3 (Hold), indicating a stronger earnings outlook for HAL [3] Group 2: Valuation Metrics - HAL has a forward P/E ratio of 15.14, significantly lower than CLB's forward P/E of 24.61, suggesting HAL may be undervalued [5] - The PEG ratio for HAL is 2.04, compared to CLB's PEG ratio of 16.86, indicating HAL's expected earnings growth is more favorable [5] - HAL's P/B ratio is 2.74, while CLB's P/B ratio is 3.24, further supporting HAL's valuation advantage [6] Group 3: Value Grades - Based on various valuation metrics, HAL holds a Value grade of B, whereas CLB has a Value grade of C, making HAL the more attractive option for value investors [6]

Core Insights - Halliburton and A*STAR have launched the Next-Generation Energy Accelerators Joint Lab (NEX Lab) in Singapore to enhance the energy industry's future through innovative well-completion technologies [2][3] - The NEX Lab represents a S$35 million investment aimed at accelerating the transition from research to practical applications in energy technology [4][9] - The collaboration is expected to strengthen Singapore's position as a global leader in advanced manufacturing and energy technology [3][8] Investment and Innovation - The NEX Lab serves as a research, engineering, and testing center designed to streamline the development of cutting-edge solutions for the energy sector [4][5] - By integrating design, prototyping, and validation activities, the NEX Lab fosters multidisciplinary innovation to address current and future challenges in the energy industry [5][6] - The lab aims to deliver advanced solutions that meet the evolving needs of the energy sector, particularly in low-carbon applications [6][11] Workforce Development - The NEX Lab will act as a training ground for the next generation of engineering talent, fostering a culture of innovation and developing high-value technical roles [10][15] - The initiative aims to cultivate a skilled workforce capable of addressing complex challenges in the energy sector, ensuring local engineers and scientists are well-equipped for future demands [16][18] Sustainability and Supply Chain Resilience - The NEX Lab focuses on developing low-carbon energy technologies that reduce carbon emissions while maintaining operational efficiency [11][12] - It aims to strengthen local suppliers' capabilities, ensuring Singapore remains a key player in the global energy supply chain [13][14] - By qualifying local suppliers, the lab enhances the resilience of Singapore's energy infrastructure and creates new business opportunities [14][18]

Financial Performance - Halliburton reported a net profit of $589 million in Q4 2025, exceeding consensus expectations due to strict cost control and high-margin international projects[1] - Operating cash flow reached $1.2 billion, with free cash flow totaling $875 million for the quarter[1] - Total free cash flow for 2025 amounted to $1.9 billion, with 85% allocated to a $1 billion share buyback, up from $525 million in 2024[1] Business Segments - Drilling and Evaluation segment revenue was $2.389 billion, surpassing consensus estimates of $2.361 billion, with a profit margin of 15% compared to the expected 14.2%[2] - Completion and Production segment revenue reached $3.268 billion, exceeding expectations of $3.074 billion, with a profit margin of 17% against a forecast of 16.3%[2] Risks - Potential risks include declining oil and gas capital expenditures, reduced demand for oil services, cost overruns, and falling oil prices[3]

Core Viewpoint - American oil service companies, particularly SLB and Halliburton, are poised to rapidly expand their operations in Venezuela if conditions such as necessary permits and compliance requirements are met [2]. Group 1: Company Activities - SLB has recently met with White House officials to discuss potential investment opportunities in Venezuela, making it the only international oil service company currently operating in the country [2]. - Halliburton has expressed intentions to re-enter the Venezuelan market once commercial and legal conditions are clarified and payment certainty is established [2]. - SLB's peak annual revenue in Venezuela exceeded $1 billion over a decade ago, with a workforce of over 3,000 employees at that time [2]. Group 2: Market Context - Chevron is currently the only major U.S. oil company producing crude oil in Venezuela under its licensing framework [2]. - Analysts believe that if Venezuela's energy sector reopens to foreign investment, SLB and Halliburton are likely to be the primary beneficiaries among oil service companies [2].

Core Insights - Halliburton Company is preparing to restart operations in Venezuela, pending U.S. government approval and payment safeguards, with CEO Jeff Miller expressing optimism about the opportunities in Venezuela's oil sector [1][8] - The company has retained local infrastructure, allowing for a rapid reactivation of operations, which could help offset declining demand in the U.S. shale market [2][8] - Venezuela's oilfields are attractive due to their untapped reserves, and Halliburton's strategy includes expanding in other Latin American countries like Brazil, Argentina, Ecuador, and Guyana [3][10] Group 1: Strategic Importance of Venezuela - Venezuela's significant oil reserves have long attracted global oil companies, and Halliburton aims to re-establish its presence to tap into these resources [2][5] - The re-engagement with Venezuela aligns with Halliburton's recovery strategy amid challenges in the U.S. shale sector, as the company seeks new contracts and projects in Latin America [4][12] - Halliburton's focus on Latin America is crucial for its international growth, with Venezuela being a key component due to its vast oil reserves [10][12] Group 2: Challenges and Considerations - Halliburton faces challenges due to U.S. sanctions that hinder foreign investment, requiring careful negotiation for necessary approvals to return to Venezuela [6][7] - Financial transaction risks are a concern, necessitating the implementation of payment safeguards to protect against non-payment or delayed payments in Venezuela's turbulent economy [7][9] - The political and regulatory environment will be critical for Halliburton's successful re-entry into Venezuela's oil sector, as the company must navigate these complexities [5][13]