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Must-know: A quick overview of Halliburton

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Company overview

Halliburton (HAL) is a Texas-based energy, oil, and gas equipment and service provider. It provides services related to exploration, development, and production of oil and natural gas to companies around the world. Halliburton has two major divisions:

  1. Completion and Production
  2. Drilling and Evaluation

Geographically, Halliburton’s operations are organized in four primary locations:

  1. North America
  2. Latin America
  3. Europe/Africa/CIS
  4. Middle East/Asia

Share Price

Halliburton is up following earnings release

On the day of its latest earnings, Halliburton’s (HAL) stock price went up 0.6% from the previous day, to $52.92. In the past year, the company’s stock price has gone up by ~4%.

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Other companies in this industry that have recently reported 3Q14 earnings are Schlumberger Limited (SLB) and Baker Hughes, Inc. (BHI). Schlumberger’s stock went up by 2% following the release of its latest results, while Baker Hughes’ stock price went down by 3%. Read our article “A quick overview of oil and gas field services biz Schlumberger” for further discussion on Schlumberger’s performance in 3Q14.

Since the last week of July, HAL’s stock has slumped, going down ~29% from its recent peak of ~$74 on July 23. The recent crude oil price fall has triggered a sell-off not only in HAL but also in other companies engaged in the oil and gas servicing industry, like Schlumberger (SLB) and Baker Hughes (BHI). All these are components of the market vectors oil services (OIH) exchange-traded funds (or ETFs) and energy select sector SPDR fund (XLE).

Did Halliburton’s latest earnings match analysts’ estimates? What is the market’s expectation of its earnings for the next quarter? Read the following section to find out.

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