Company Performance - Halliburton's stock closed at $31, reflecting a -1.96% change from the previous day, underperforming compared to the S&P 500's loss of 0.6% [1] - Over the past month, Halliburton shares have decreased by 7.81%, contrasting with the Oils-Energy sector's loss of 0.38% and the S&P 500's gain of 3.15% [1] - The upcoming earnings per share (EPS) is projected at $0.76, indicating a 3.8% decline year-over-year, while revenue is expected to reach $5.84 billion, a 0.69% increase compared to the same quarter last year [1] Analyst Estimates - For the annual period, earnings are anticipated at $3.14 per share and revenue at $23.46 billion, reflecting increases of +0.32% and +1.92% respectively from the previous year [2] - Changes in analyst estimates are crucial as they often indicate short-term business trends, with positive revisions suggesting analyst optimism regarding Halliburton's profitability [2] Valuation Metrics - Halliburton currently has a Forward P/E ratio of 10.08, which is lower than the industry's average Forward P/E of 17.93, indicating a valuation discount [3] - The company has a PEG ratio of 1.08, compared to the Oil and Gas - Field Services industry's average PEG ratio of 1.02 [3] Industry Context - The Oil and Gas - Field Services industry is ranked 188 in the Zacks Industry Rank, placing it in the bottom 26% of over 250 industries [4] - The top 50% rated industries tend to outperform the bottom half by a factor of 2 to 1, highlighting the competitive landscape within the sector [4]

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 ...

Core Viewpoint - Halliburton has secured a significant multi-year contract with Petrobras to provide integrated well intervention and plug and abandonment services in Brazil, starting in Q2 2025, enhancing its strategic position in the offshore market [1][3]. Detailed Service Offerings - The contract includes a comprehensive range of services such as fluids, completion equipment, wireline, slickline, flowback services, and coiled tubing, aimed at ensuring operational efficiency through HAL's project management [2]. Strategic Importance and Benefits - The partnership is expected to optimize production and asset value for Petrobras, with Halliburton's capabilities in engineering tailored solutions to extend well lifespan and access challenging reserves [3]. - This contract solidifies Halliburton's market presence in Brazil, reaffirming its leadership in specialized oilfield services [3]. Outlook and Industry Impact - The contract positions Halliburton favorably in the evolving offshore sector in Brazil, allowing it to capitalize on future opportunities amid increasing efficiency and cost-effectiveness demands [4]. - Halliburton is committed to environmental standards and operational best practices, aiming to minimize environmental impact while maximizing efficiency through sustainable solutions [4]. Conclusion - The contract with Petrobras marks a pivotal milestone for Halliburton's strategic expansion in Brazil, showcasing its operational excellence and commitment to delivering value-added solutions in the oil and gas industry [5].

Shares of Halliburton Company (HAL) have dropped by more than 15% over the past three months to close at $31.85 on Monday, near 52-week lows of $30.31. Underperforming the sector and the S&P 500, the drop can be attributed to weaker North American activity and a lower margin outlook.3-Month Price Performance Image Source: Zacks Investment ResearchOn the surface, the current share price seems an excellent opportunity to build a position in a renowned company — after all you would much rather buy closer to th ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _______to_______ Commission File Number 001-03492 HALLIBURTON COMPANY (Exact name of registrant as specified in its charter) Delaware 75-2677995 (State or other jurisdict ...

Group 1: Market Overview - Former President Trump's improving odds for a second term are influencing investor behavior, with the "Trump trade" being priced into various sectors [1] - Current market volatility has increased due to President Biden's retreat and Vice President Harris' expected nomination, with Trump having a 57% chance of winning, slightly down from 58% [1] Group 2: Halliburton (HAL) - Halliburton is identified as a significant investment opportunity, particularly with a potential Trump victory that could enhance well production and energy demand [3] - The company has a strong financial profile, with a 17.7% operating margin and quarterly earnings growth of 16.2% year-on-year, alongside a free cash flow of $1.89 billion [3] - Analysts project an average price target of $44.55 per share, indicating HAL stock is currently trading about 23% below its fair value [3] Group 3: Steel Dynamics (STLD) - Steel Dynamics is another undervalued stock that could benefit from a potential Trump administration, particularly due to proposed tariffs on imports that would increase demand for domestic steel [5] - The company trades at approximately 7.5 times its estimated EBITDA, which is lower than recent industry transactions, and has a P/E ratio of 10.40 times compared to the industry average of 15.22 times [5] - Recent quarterly results showed revenues of $4.63 billion, exceeding forecasts by 4.3%, and an EPS of $2.72, beating estimates by 2% [5][6] Group 4: Marathon Digital (MARA) - Marathon Digital may benefit from Trump's favorable stance on Bitcoin, which could lead to regulatory changes impacting the company [7] - The recent Supreme Court ruling abolishing the Chevron deference may influence how the SEC classifies assets, potentially opening new avenues for MARA [7] - Despite a projected loss of $0.14 per share for the current quarter, the company's outlook remains strong with an expected EPS of $0.98 per share and a quarterly earnings growth of 184.1% year-on-year [8]

Long-term stocks are, by definition, stocks that investors plan to hold for a year or longer. Owning these stocks allows investors to ignore the daily ups and downs of the market. These are known as sleep-at-night stocks, and they never go out of style.  That strategy was put to the test in the last 18 months. The number of stocks posting significant gains was limited to a select few, mostly in the technology sector. That meant some investors may have been having some restless nights. But heading into the s ...

Core Insights - Energy stocks experienced volatility in 2022 due to rising demand post-COVID and supply shocks from the Ukrainian war, but have since declined in 2023 as energy prices remained flat [1] - The beginning of 2024 saw a boost in energy stocks due to heightened oil prices, yet heating oil and natural gas prices have been declining, with current prices below 2022 peaks [1] - Certain energy stocks are predicted to perform poorly, suggesting that divesting from them by 2025 may be prudent for investors [1] Company Summaries Halliburton (HAL) - Halliburton reported a 1% increase in revenue to $5.83 billion but an 8% decline in North American revenue, causing investor concerns [2] - The stock closed 5.6% lower at $34.40 per share, with a year-to-date decline of 4.76% and a 12-month loss of 6.88% [2] - HAL has underperformed compared to the S&P 500 Energy Index, which rose by around 9% in the same period, indicating potential trouble ahead [3] Tenaris (TS) - Tenaris experienced an 8.4% year-to-date decline in stock price and reported a 17% year-over-year revenue decline to $3.4 billion [4] - Earnings fell by 34% to $1.27, signaling a warning for investors [4] - Analysts expect further declines in earnings, suggesting that TS stock should be divested by 2025 [5] Occidental Petroleum (OXY) - Occidental Petroleum reported a 17.3% year-over-year decline in quarterly revenue to $5.98 billion and a 29.69% drop in net income to $888 million [6] - Adjusted earnings per share fell by 42.2% year over year to 63 cents, indicating poor financial performance [6] - The company's investment in unproven carbon capture technology raises concerns about future performance, suggesting OXY stock should also be divested by 2025 [7]

Halliburton (HAL) and SLB (SLB) are two of the biggest names in the oilfield service space, and both came up with their second-quarter 2024 results on Friday, Jul 19. Let’s do a comparative analysis of the Zacks Rank #4 (Sell) companies’ reported numbers. You can see the complete list of today’s Zacks #1 Rank stocks here.Earnings & RevenuesHalliburton reported second-quarter 2024 adjusted net income per share of 80 cents, in line with the Zacks Consensus Estimate and above the year-ago quarter profit of 77 ...