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.
Halliburton Company (NYSE:HAL ) Q3 2024 Results Conference Call November 7, 2024 9:00 AM ET Company Participants David Coleman - Senior Director, IR Jeff Miller - Chairman, President, and CEO Eric Carre - EVP and CFO Conference Call Participants Dave Anderson - Barclays Arun Jayaram - JPMorgan Securities James West - Evercore ISI Roger Read - Wells Fargo Securities Neil Mehta - Goldman Sachs Saurabh Pant - Bank of America Kurt Hallead - Benchmark Operator Good day, and welcome to the Third Quarter 2024 Halliburton Company Earnings Conference Call. At this time, all participants are in a listen-only mode.
As a result of operational challenges, Halliburton missed analyst expectations for the quarter.
Halliburton (HAL) came out with quarterly earnings of $0.73 per share, missing the Zacks Consensus Estimate of $0.75 per share. This compares to earnings of $0.79 per share a year ago.
Halliburton missed analysts' estimates for third-quarter profit on Thursday, as a slowdown in drilling activity in North America weighed on demand for its oilfield services and equipment.