Halliburton (HAL) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Halliburton (HAL) closed at $27.75 in the latest trading session, marking a +0.33% move from the prior day.
HAL partners with Coterra Energy to introduce the Octiv Auto Frac service, automating hydraulic fracturing for enhanced efficiency and control across operations.
HAL acquires Optime Subsea to integrate its umbilical-less technology and provide it with global market access.
In the most recent trading session, Halliburton (HAL) closed at $29.20, indicating a +0.45% shift from the previous trading day.
HAL's significant exposure to the North American market - where approximately 40% of its revenues are generated - poses a key risk.
In the closing of the recent trading day, Halliburton (HAL) stood at $30.02, denoting a -1.9% change from the preceding trading day.
HAL launches the Intelli suite to enhance well diagnostics, offering innovative solutions for increased production and reduced costs in oil and gas operations.
Namibia's growing oil and gas industry convinced HAL to open new facilities to provide better oil field services.
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 potential in the longer run with limited growth prospects in the near term. HAL's peer SLB stock (NYSE: SLB) is down 14% this year to $44.
HAL generated $841 million of cash flow from operations in the third quarter, leading to a free cash flow of $543 million.
U.S. stocks traded mostly higher midway through trading, with the Nasdaq Composite gaining more than 1% on Thursday.