Halliburton (HAL) reachead $24.19 at the closing of the latest trading day, reflecting a +0.17% change compared to its last close.
HAL and Sekal jointly deliver a fully automated on-bottom drilling system to Equior, optimizing well placement with real-time automation.
In the closing of the recent trading day, Halliburton (HAL) stood at $25.92, denoting a -1.18% change from the preceding trading day.
HAL's EcoStar eTRSV is all set to transform the oilfield industry by eliminating hydraulic actuations and enhancing well safety and efficiency.
While the top- and bottom-line numbers for Halliburton (HAL) give a sense of how the business performed in the quarter ended December 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
HAL's heavy North American exposure, margin compression and slowing international growth paint a challenging picture for the company in 2025.
HAL secures its largest drilling contract from Petrobras for several offshore fields in Brazil, expanding its drilling services footprint.
North America is expected to be softer in 2025.
While oil and gas prices remain fairly stable, upstream activity levels appear to have peaked, particularly in North America. Weak demand growth and solid supply growth likely mean that this situation will persist, unless economic conditions soften. As a result, Halliburton's revenue and margins are likely to remain under pressure, making the company's seemingly low P/E ratio somewhat irrelevant.
Halliburton (NYSE: HAL) released its fourth-quarter earnings report on January 22nd, posting a mixed set of results, and is down 5.6% since then (as of Jan 23.) at nearly $28 per share.
HAL generated $1.5 billion of cash flow from operations in the fourth quarter, leading to a free cash flow of $1.1 billion.
Halliburton Company HAL shares are trading lower on Wednesday.