Shares of oilfield service major Halliburton Company (HAL) slipped to a 52-week low of $27.53 per share last week. Year to date, HAL has lost nearly 23% of its value compared with the sector’s decline of 0.3% and the Zacks Oil and Gas Field Services industry’s fall of 12.5%. Meanwhile, the S&P 500 Index has risen 17.8% over the same timeframe.YTD ComparisonImage Source: Zacks Investment Research Halliburton Falls Victim to Data BreachApart from its North American woes, which have been the major factor in pu ...

Earlier this month, Halliburton Company HAL said that a cyberattack had disrupted its critical business applications.A lower overall revenue diversification puts the company at a disadvantage against the backdrop of a tepid commodity macro, according to RBC Capital Markets.Analyst Keith Mackey downgraded the rating for Halliburton from Outperform to Sector Perform, while slashing the price target from $44 to $37.The Halliburton Thesis: While the company's revenue growth outpaced large cap OFS peers from 202 ...

Halliburton NYSE: HAL is an energy sector giant renowned for its oilfield services. The company has experienced recent headwinds that have deflated Halliburton’s stock price to a 52-week low. This decline has sparked debate among investors and Halliburton’s analyst community. Some believe this decline presents an attractive opportunity to acquire a fundamentally sound company at a discounted price. In contrast, others worry that it may signal further deterioration in the company's performance.Get Halliburto ...

Brett_Hondow/iStock Editorial via Getty Images Halliburton (NYSE:HAL) is a top oil and gas services firm that supports the operations of energy companies across the globe. The company has been around for over 100 years and has a market cap of just over $25 billion. Its status as a large-cap stable player in the oil and gas services makes it a top holding in the S&P Oil and Gas Services ETF (XES) and a 50-year-long member of the S&P 500 index. However, being in the energy industry makes HAL a relatively ...

Key TakeawaysHalliburton said it has and will continue to incur costs related to a cyberattack in August.The oilfield services provider explained the hacker gained access to certain of its systems that has caused disruptions for its operations and corporate functions.Halliburton warned while the hack hasn't caused significant financial or operational impacts, it remains subject to certain risks from the incident. Shares of Halliburton (HAL) declined Tuesday after the biggest oilfield services provider warn ...

Energy giant Halliburton has confirmed its systems were hacked and that intruders “accessed and exfiltrated information” following a cyberattack last week.In a brief filing with government regulators on Tuesday, Halliburton said it was “evaluating the nature and scope of the [stolen] information,” and what data breach notifications it is required to make. Halliburton last week said it took some of its systems offline following the detection of the cyberattack. The company now says it is “working to identif ...

The latest trading session saw Halliburton (HAL) ending at $31, denoting a -1.96% adjustment from its last day's close. This change lagged the S&P 500's daily loss of 0.6%. Meanwhile, the Dow experienced a drop of 0.39%, and the technology-dominated Nasdaq saw a decrease of 1.12%.Prior to today's trading, shares of the provider of drilling services to oil and gas operators had lost 7.81% over the past month. This has lagged the Oils-Energy sector's loss of 0.38% and the S&P 500's gain of 3.15% in that time. ...

Oil drilling and fracking giant Halliburton said it has shut down some of its internal systems following a cyberattack earlier this week. In a brief statement filed with government regulators on Thursday, Halliburton said it became aware of unauthorized access to its systems on Wednesday and responded by “proactively taking certain systems offline.” The company said it is “working to identify any effects of the incident.” Halliburton, which has close to 48,000 employees in dozens of countries per company f ...

Halliburton Company (HAL) , a U.S.-based oilfield services company, was recently hit by a cyberattack that seemingly affected business operations at its north Houston campus. The company stated that it was aware of an issue affecting certain systems, and was diligently working to determine the cause and impact of the problem. Halliburton also mentioned working with leading external agents to resolve the issues.The attack also caused some issues in its global connectivity network. The company urged its staff ...

Halliburton (HAL) , a leading global oilfield services company, has secured a substantial contract with Petrobras (PBR) , Brazil's state-owned oil and gas company, to provide comprehensive services for integrated well interventions and plug and abandonment operations in Brazil. This multi-year agreement, set to begin in the second quarter of 2025, strengthens Halliburton's strategic position in the offshore market in Brazil.Detailed Service OfferingsAccording to the contract, the Houston, TX-based oil and g ...