Halliburton (HAL) ended the recent trading session at $27.75, demonstrating a +0.33% swing from the preceding day's closing price. The stock outpaced the S&P 500's daily loss of 1.11%. Elsewhere, the Dow lost 0.42%, while the tech-heavy Nasdaq lost 1.89%.Shares of the provider of drilling services to oil and gas operators witnessed a loss of 4.88% over the previous month, beating the performance of the Oils-Energy sector with its loss of 11.62% and underperforming the S&P 500's loss of 1.7%.Analysts and inv ...

Halliburton (HAL) , a leading Houston-based oil and gas equipment and services company, has joined forces with Coterra Energy Inc. (CTRA) , a prominent Houston, TX-based oil and gas exploration and production company, to introduce a transformative solution for the energy sector. The Octiv Auto Frac service, integrated into the innovative ZEUS platform, is poised to redefine hydraulic fracturing in North America. This next-generation technology automates the stage delivery process with the simple push of a b ...

Halliburton Company (HAL) recently announced an accord with Optime Subsea, a Norwegian pioneer in offshore technology and subsea solutions. Upon acquisition, Optime Subsea's revolutionary umbilical-less technology will integrate with Halliburton’s Testing and Subsea division, which will help both companies gain global market access and further technological development.Benefits of Optime Subsea’s Acquisition by HALOptime Subsea, the company that dates back to 2015, has shown exceptional growth from being a ...

The most recent trading session ended with Halliburton (HAL) standing at $29.20, reflecting a +0.45% shift from the previouse trading day's closing. The stock trailed the S&P 500, which registered a daily gain of 0.82%. Elsewhere, the Dow saw a downswing of 0.22%, while the tech-heavy Nasdaq appreciated by 1.77%.Shares of the provider of drilling services to oil and gas operators have depreciated by 3.71% over the course of the past month, underperforming the Oils-Energy sector's loss of 2.1% and the S&P 50 ...

Core Viewpoint - Halliburton Company (HAL) is facing significant challenges, with a notable decline in stock performance and disappointing quarterly results, suggesting caution for potential investors [1][4][13] Financial Performance - Halliburton reported adjusted net income per share of 73 cents for Q3, missing the Zacks Consensus Estimate of 75 cents and down from 79 cents in the previous year [4] - Revenues decreased by 1.8% year over year to $5.7 billion, falling short of projections of $5.8 billion [4] - North American revenues dropped 8.5% year over year to $2.4 billion, significantly impacting overall performance [5] Market Exposure - Approximately 40% of Halliburton's revenues come from North America, making it more vulnerable to regional downturns compared to peers like SLB and Baker Hughes, which have 20% and 25% exposure, respectively [6] - The North American market is expected to face seasonal budget exhaustion, potentially affecting full-year revenues and margins [7] International Operations - The international segment showed modest growth of 4% year over year, but faced challenges such as decreased drilling activity in the North Sea and project delays in the Middle East [8] Cybersecurity Issues - A cybersecurity breach in Q3 disrupted billing and collection processes, impacting free cash flow and earnings per share by an estimated 2 cents [9][10] - The incident led to a temporary suspension of the share repurchase program, limiting shareholder returns [10] Earnings Estimates - Earnings estimates for Halliburton have been revised downward, with 2024 EPS projections dropping by 4% to $3.00 and 2025 estimates falling by over 8% [11] Valuation Perspective - Halliburton is trading at a forward price-to-earnings (P/E) ratio of 9.33, which is above its 3-year low of 8.10, raising concerns about the justification of this premium given the company's challenges [11] Conclusion - Given the weak Q3 results, ongoing challenges in North America, international headwinds, and cybersecurity issues, Halliburton stock is considered a risky investment at this time [13]

Halliburton Company (HAL) , a leading oil and gas equipment and services provider, based in Houston, TX, has launched the Intelli suite of diagnostic well intervention wireline logging services. This suite is designed to empower operators with enhanced well insights, ultimately leading to increased production, extended asset life and a reduction in the overall cost of operations.By combining advanced technologies with Halliburton's expertise, the Intelli suite provides a comprehensive solution for customers ...

One of the largest oil field service providers, Halliburton Company (HAL) , recently announced the launch of multiple facilities across Namibia, marking a significant step toward providing advanced energy solutions and boosting the nation’s economy in the oil and gas sector.An Insight Into HAL’s New FacilitiesHAL’s new Namibian facilities, having a combined footprint of about 20,000 m², will be located in different areas like Windhoek, Walvis Bay, Swakopmund and Lüderitz. The Windhoek facility will provide ...

GARHAM, BAVARIA, GERMANY - 2024/07/24: In this photo illustration, Halliburton Company logo seen ... [+] displayed on a tablet. (Photo Illustration by Igor Golovniov/SOPA Images/LightRocket via Getty Images) SOPA Images/LightRocket via Getty Images After a 15% decline since the beginning of the year, at the current price of around $30 per share, we believe Halliburton stock (NYSE: HAL), an energy company organized into the exploration, development, and production of oil and natural gas - has upside potentia ...

Halliburton Company (HAL) reported third-quarter 2024 adjusted net income per share of 73 cents, missing the Zacks Consensus Estimate of 75 cents and below the year-ago quarter profit of 79 cents (adjusted). The weak numbers reflect subdued performance in the North American region and the effects of the August cyberattack incident. Find the latest EPS estimates and surprises on Zacks Earnings Calendar. Meanwhile, revenues of $5.7 billion were 1.8% lower year over year and missed the Zacks Consensus Estimate ...

Investment Rating - The report indicates a negative market reaction to Halliburton's third-quarter performance, with an adjusted net income of $641 million, which fell short of market expectations of $666 million [1][2]. Core Insights - Halliburton's revenue for the third quarter was $5.697 billion, slightly below market expectations, and represented a 2% decline both quarter-over-quarter and year-over-year [2][4]. - The company's drilling and evaluation segment generated $2.398 billion in revenue, which was below expectations, while the completion and production segment reported $3.299 billion, also falling short of market forecasts [2][4]. - The report highlights a decrease in capital expenditures to $339 million, down 2% from the previous quarter and down 17% year-over-year [2][4]. Summary by Relevant Sections Revenue Performance - Adjusted net income for the third quarter was $641 million, down 10% from the previous quarter and year [2][4]. - Total revenue was $5.697 billion, a decrease of 2% from the previous quarter and year [2][4]. Segment Analysis - Drilling and Evaluation: Revenue was $2.398 billion, with a profit margin of 17%, which met market expectations but was impacted by reduced drilling services in Europe and fluid services in North America [2][4]. - Completion and Production: Revenue was $3.299 billion, down 3% quarter-over-quarter, with a profit margin of 20%, attributed to decreased pressure pumping services in the U.S. and lower sales of completion tools in North America and Europe/Africa [2][4]. Capital Expenditures - Capital expenditures for the third quarter were reported at $339 million, reflecting a 2% decrease from the previous quarter and a 17% decrease year-over-year [2][4].