Halliburton Co
Related Articles
Halliburton Stock Rose 6% Due to Earnings Surprise
Halliburton stock has risen as much as 5.50% in the pre-market session today as of 8:39 AM ET. The stock rose due to the company’s earnings surprise.
HAL or SLB: Which Are Institutional Investors Buying?
The top ten institutional investors in Halliburton added 32.4 million HAL shares in the third quarter, indicating their bullish sentiment in the stock.
SLB or HAL: Which Oilfield Stock Do Analysts Prefer?
Both Schlumberger and Halliburton are underperforming the S&P 500, but Wall Street analysts remain bullish on oilfield stocks.
Schlumberger Stock Rises on Strong Q3 Earnings
Schlumberger (SLB) announced its third-quarter results today. The company’s revenue rose 3% sequentially to $8.5 billion in the quarter.
The US Energy Sector: An Overview
To understand the US energy sector, it’s essential first to understand the country’s energy needs. The US uses various energy sources to meet its energy needs.
Do US Energy Stocks Look Promising?
Crude oil production continues to rise, and oil prices remain at $50. Despite that, US energy stocks aren’t getting investors’ interest.
Can the US-China Trade War Spiral into a Crude Oil War?
Although the US doesn’t export much crude oil to China, the additional supply of cheap Iranian oil could pressure both Brent and WTI crude prices.
Why Halliburton’s Q2 Earnings Rose Sequentially
Halliburton (HAL) reported its second-quarter earnings on Monday before the markets opened. The company’s earnings rose sequentially.
How US Production Is Affecting WTI Crude Oil Prices
Between February 11, 2016, and July 15, 2019, WTI crude oil prices rose 127.3%. The United States Oil Fund LP (USO) gained 53.9% in the period.
US Oil Production Might Kill Any Upside in Oil
In the next quarter, the US crude oil production might rise—an important factor that might kill any upside in oil prices. For the week ending June 7, US crude oil’s weekly production was near its record high of 12.3 MMbpd.
Why Did Oilfield Services Stocks Fall in May?
Halliburton (HAL) fell ~25%, while Schlumberger (SLB) and National Oilwell Varco (NOV) fell 19% and 20%, respectively, in May.
Halliburton’s Latest Changes in Institutional Ownership
Together, the top ten institutional investors in Halliburton (HAL) added 4.5 million shares to their positions in the first quarter.
Oil Rig Updates: Impact on Oil Production and Oilfield Stocks
Last week, the oil rig count fell by two to 805—the lowest level since March 30. The rig count tends to follow US crude oil prices with a three-to-six-month lag.
US Oil Production: Analyzing Key Drivers
Last week, the oil rig count rose by two to 807. The rig count tends to follow US crude oil prices with a three to six-month lag.
Where’s US Crude Oil Production Heading?
Last week, the oil rig count fell by 20 to 805—the lowest level since March 30, 2018.
What Could Impact US Oil Production?
Last week, the oil rig count fell by eight to 825—just nine more rigs than the lowest level since April 13, 2018.
Schlumberger Is Up 31% in 2019: Can It Maintain Momentum?
Schlumberger (SLB) has risen 31% so far in 2019.
Schlumberger Expects Higher Exploration and Production Investment
Schlumberger (SLB) reported its first-quarter results today.
Rising Oil Rigs Might Not Impact Oil
Last week, the oil rig count rose by two to 833—just 17 more rigs than the lowest level since April 13, 2018.
Schlumberger: Analysts’ Recommendations before Its Earnings
Among the 37 analysts tracking Schlumberger, six recommended a “strong buy,” 16 recommended a “buy,” and 15 recommended a “hold.”
Rising DUC Inventory and Oilfield Services’ Demand
The capacity constraints are expected to persist over the next few quarters, which might impact Schlumberger’s (SLB) first-quarter results.
Did the Rig Count Impact Schlumberger’s Q1 Results?
The total US rig count fell from 1,083 in the week ending December 28 to 1,006 in the week ending March 29. The rigs fell by 77 in the first quarter.
Schlumberger’s Q1 Earnings Are Expected to Fall 21%
Schlumberger (SLB) is scheduled to report its first-quarter earnings on April 18. Analysts’ consensus EPS estimate is $0.3 per share.
Rise in Oil Rigs Might Not Impact Oil Prices
Last week, the oil rig count rose by 15 to 831 from the lowest level since April 13, 2018.
Will US Oil Production Continue to Slow Down?
Last week, the oil rig count fell by eight to 816—the lowest level since April 13, 2018.
Oil Rigs Impact US Oil Production
Last week, the oil rig count fell by nine to 824. The rig count tends to follow US crude oil prices with a three to six-month lag.
Baker Hughes: Analysts’ Bullish Updates
Among the 37 analysts covering Schlumberger, six recommended a “strong buy,” 16 recommended a “buy,” and 15 recommended a “hold.”
Why Is Halliburton’s Valuation Attractive?
Halliburton (HAL) is trading at a forward EV-to-EBITDA multiple of ~8.1x, which is lower than its five-year average multiple of 10.2x.
SLB, HAL, BHGE, and NOV: Comparing the Leverage
Baker Hughes (BHGE), Schlumberger (SLB), and National Oilwell Varco (NOV) have debt-to-equity ratios of 0.2x, 0.4x, and 0.2x, respectively.
Halliburton and Schlumberger: Lower Capital Spending in 2019
Baker Hughes expects to spend up to 5% of its 2019 revenues on capital projects in 2019.
National Oilwell Varco Had Strong Earnings Growth
Increased global drilling activity and focused cost reduction efforts contributed to National Oilwell Varco’s earnings growth in 2018.
SLB, HAL, BHGE, and NOV: Analyzing the Revenue Trends
Halliburton (HAL) and National Oilwell Varco (NOV) recorded 16% revenue growth in 2018—compared to 2017.
SLB, HAL, BHGE, and NOV: Oilfield Services Stocks Have Risen
After falling significantly in 2018, the top oilfield services stocks have witnessed some gains in 2019.
Will the Fall in US Oil Production Accelerate?
Last week, the oil rig count fell by one to 833. With the fall in the oil rig count, the fall in US crude oil production might accelerate.
US Crude Oil’s Production Growth Rate Is Reversing
Last week, the oil rig count fell by ten to 843. The rig count tends to follow US crude oil prices with a three to six-month lag.
National Oilwell Varco: How the Target Prices Have Changed
Analysts’ mean target price for National Oilwell Varco (NOV) has fallen from $36.4 in February 2018 to $31.4 now.
Halliburton Is Trading at Half of the Mean Target Price
In February 2018, analysts’ mean target price for Halliburton was $63.6. Currently, the stock is trading at $31.8.
Schlumberger: Analysts’ Mean Target Price
In February 2018, analysts’ mean target price for Schlumberger (SLB) was $82.6. Currently, the stock is trading at ~$44.3.
U.S. Silica Holdings: Recent Institutional Investor Activity
Combined, nine of the top ten investors added 2.4 million U.S. Silica Holdings shares to their positions in the fourth quarter.
Halliburton: Institutional Investors’ Positions in Q4
The Vanguard Group and BlackRock Institutional Trust Company bought 1.6 million and 0.6 million Halliburton shares in the fourth quarter.
Schlumberger: Top Institutional Investors Increased Their Holdings
The Vanguard Group bought 1.2 million Schlumberger shares in the fourth quarter. State Street Global Advisors bought 3.7 million shares.
US Crude Oil Production Could Be Vital for Oil Prices
Last week, the oil rig count rose by seven to 854. The rig count tends to follow US crude oil prices with a three to six-month lag.
US Oil Production Might Bring Upside Potential for Oil
On February 4, the WTI Cushing-Midland spread was at 40 cents. Last week, the spread was in the negative zone.
Helmerich & Payne’s Q1 Results and 2019 Outlook
Helmerich & Payne reported its first-quarter results on January 29. The company reported an EPS of $0.17 for the quarter ending December 31.
The US Crude Oil Production Growth Rate: Must-Knows
Last week, the oil rig count rose by 10 to 862. The rig count tends to follow US crude oil prices with a three-to-six-month lag.
Halliburton: Target Price Revisions after Its Q4 Results
Jefferies raised its target price for Halliburton to $36 from $34. Wells Fargo raised its target price for Halliburton from $33 to $37.
Halliburton Expects Its First-Quarter Revenues to Fall
Halliburton expects a single-digit sequential fall in the Completion and Production segment’s first-quarter revenues.
Analyzing Halliburton’s Q4 Earnings
Halliburton reported its fourth-quarter results on January 22. The company’s EPS fell to $0.41 from $0.53 per share in the fourth quarter of 2017.
US Oil Production Growth Might Slow Faster than Expected
The oil rig count could keep rising until at least March. By the second quarter, US crude oil production growth might slow down.
Schlumberger’s Fourth-Quarter Earnings Fell 22%
Schlumberger (SLB) reported its fourth-quarter 2018 earnings today.
Schlumberger: Analysts Cut the Target Price
On January 10, Jefferies cut its target price for Schlumberger from $54 to $47. Morgan Stanley cut its target price for the stock from $50 to $45.
What Might Impact Schlumberger’s Q4 Results?
Schlumberger expects the frac activity in North America to remain soft in the fourth quarter.
Schlumberger: What to Expect from Its Q4 Earnings
Schlumberger (SLB) is scheduled to report its fourth-quarter results on January 18. Analysts expect its EPS to fall ~25% to $0.36.
US Crude Oil Production: Has the Slowdown Started?
Last week, the oil rig count fell by four to 873. The rig count tends to follow US crude oil prices with a three to six-month lag.
US Oil Production Growth Might Be Slower in 2019
Last week, the oil rig count fell by eight to 877. The rig count tends to follow US crude oil prices with a three to six-month lag.
US Crude Oil Production Growth Might Be Slower
Last week, the oil rig count rose by two to 885. The rig count tends to follow US crude oil prices with a three to six-month lag.
Is the Oil Rig Count Signaling Trouble for Oil Prices?
Last week, the oil rig count rose by ten to 883. The rig count tends to follow US crude oil prices with a three to six-month lag.
US Crude Oil Production Growth Is Slowing Down
Last week, the oil rig count fell by four to 873. The rig count tends to follow US crude oil prices with a three to six-month lag.
Are US Oil Drillers Braking on Oil Production Growth?
Last week, the oil rig count fell sharply by ten to 877. The rig count tends to follow US crude oil prices with a three- to six-month lag.
Oil Bulls Need to Track the Oil Rig Count
Last week, the oil rig count fell by one to 887—the second-highest level since March 6, 2015. The rig count tends to follow US crude oil prices.
Gauging Institutional Investors’ Sentiment in Helmerich & Payne
In this part of our series, let’s take a look at the institutional activity in Helmerich & Payne (HP).
Why Institutional Investors Seem Bullish on Halliburton
The Vanguard Group, State Street Global Advisors, and Wellington Management Company are the top three investors in Halliburton (HAL).
Are Institutional Investors Bearish on Schlumberger?
The Vanguard Group, State Street Global Advisors, and BlackRock Institutional Trust Company are the top three investors in Schlumberger (SLB).
Why Oil Bulls Should Be Cautious with Oil Rig Counts
Last week, the oil rig count fell by three to 885—still close to its highest level since March 6, 2015.
Oil Rig Fear Might Be Looming over Oil Prices
Last week, the oil rig count rose by two to 888, the highest level since March 6, 2015.
Helmerick & Payne: Analysts See 22% Upside Potential
The mean target price for Helmerich & Payne is $70.7, which implies an upside potential of ~22% from its current price.
National Oilwell Varco Might Continue to Outperform Its Peers
So far, National Oilwell Varco (NOV) has outperformed its peers in 2018. The stock has fallen ~11% year-to-date.
Schlumberger: Do Analysts Expect the Stock to Rise?
For Schlumberger, seven analysts rated it as a “strong buy,” 15 rated it as a “buy,” 13 rated it as a “hold,” and one rated it as a “sell.”
Baker Hughes: Analysts’ Recommendations
Currently, 71% of the analysts surveyed by Reuters rated Baker Hughes as a “buy,” 25% rated it as a “hold,” and 4% rated it as a “sell.”
TechnipFMC: Most Analysts Gave a ‘Buy’ Rating
Among the analysts surveyed by Reuters covering TechnipFMC, 72% rated it as a “buy,” 16% rated it as a “hold,” and 12% rated it as a “sell.”
Halliburton: Analysts’ Favorite Oilfield Services Stock
Halliburton has fallen 35% year-to-date. Softness in Halliburton’s North America market has impacted the company’s recent performance.
Will SLB, HAL, BHGE, and FTI Rise 50%?
Baker Hughes (BHGE) and National Oilwell Varco (NOV) have fallen 26% and 11%, respectively, YTD.
Oil Rig Count Reaches a New Multiyear High
In the week ending on November 2, US crude oil production was at 11.6 MMbpd (million barrels per day)—its new record level.
Higher Oil Rig Count: More Trouble for Oil Prices?
On October 3, US crude oil active futures settled at $76.41 per barrel—the highest closing level since November 21, 2014.
Rising Oil Rig Count Might Be a Problem for Oil
Last week, the oil rig count rose by 2 to 875, which is the highest it’s been in about 3.5 years.
NOV Missed Q3 EPS Estimates: Stock Fell 5.4% in After-Hours Trade
National Oilwell Varco’s EPS of $0.00 missed analysts’ estimates of $0.12 for the third quarter.
TechnipFMC’s Third-Quarter Earnings Rose on Cost Savings
TechnipFMC (FTI) reported its third-quarter earnings on October 24 after the markets closed.
U.S. Silica Holdings Fell 12% on Earnings Miss, Growth Concerns
U.S. Silica Holdings (SLCA) reported its third-quarter earnings on October 23. The stock fell 12.2% on the day of the release.
Halliburton’s Price Target Revisions after Its Q3 Earnings
After Halliburton’s (HAL) third-quarter earnings release, Credit Suisse cut its target price on the stock from $51 to $46.
What Affected Halliburton’s Q3 2018 Performance?
Halliburton’s (HAL) Completion and Production segment’s operating income fell 8% sequentially in the third quarter.
Halliburton Beats Q3 Estimates but Falls on Lower Q4 Guidance
Halliburton (HAL) reported its third-quarter earnings results on October 22. The company reported EPS of $0.50.
Oil Rig Count Hits 3.5-Year High: How Will It Impact Oil Prices?
Last week, the oil rig count rose by four to 873, which is the highest it’s been in over 3.5 years.
International Operations Drive Schlumberger’s Q3 Growth
Schlumberger (SLB) reported its third-quarter results on October 19 before the markets opened.
Halliburton’s Mean Target Price Has Fallen
Halliburton (HAL) has seen quite a few target price revisions in October. On October 10, Barclays cut its target price for Halliburton from $60 to $52.
Will Halliburton’s Q3 Results Strengthen Its Stock?
So far, Halliburton (HAL) has fallen ~20% in 2018. The company has underperformed its peers during this period.
Analyzing Halliburton’s Expected Segmental Performance
Halliburton (HAL) operates through two segments—Completion and Production and Drilling and Evaluation.
Halliburton’s Q3 Revenues Are Expected to Remain Flat
Halliburton’s (HAL) third-quarter revenues are expected to be $6.1 billion—flat compared to its revenues in the second quarter.
Halliburton’s Q3 Earnings Are Expected to Fall Sequentially
Halliburton is scheduled to release its third-quarter earnings on October 22. Analysts expect Halliburton’s EPS to be 49.1 cents in the third quarter.
Oil Rig Count Returned to a Multiyear High
On October 3, US crude oil active futures settled at $76.4 per barrel—the highest closing level since November 21, 2014.
Why Oil Bulls Need to Worry about US Oil Rig Count
Last week, the oil rig count fell by two to 861, eight below its 3.5-year high.
Falling Oil Rigs Might Push Oil to More New Highs
Last week, the oil rig count fell by three to 863—six below its 3.5-year high. The US oil rig count tends to follow US crude oil prices with a three to six-month lag.
Helmerich & Payne’s Revenue and Earnings Growth
Helmerich & Payne’s revenues grew 30% YoY in the quarter ending on June 30. For the nine months ending on June 30, the revenues grew 41% YoY.
What US Crude Oil Output Suggests
Last week, the oil rig count fell by one to 866, just three below its three-and-a-half-year high.
Will a Rising Oil Rig Count Upset the Oil Bulls?
In the week that ended on September 14, the oil rig count rose by seven to 867, just two fewer than its three-and-a-half-year high.
SLB, HAL, BHGE, and FTI: Four Oilfield Services Giants
Schlumberger (SLB), Halliburton (HAL), Baker Hughes (BHGE), and TechnipFMC (FTI) have an upside potential of 27%, 36%, 14%, and 23%, respectively.
Why Halliburton’s Valuation Looks Attractive
Halliburton (HAL) is trading at a forward EV-to-EBITDA multiple of ~8.6x—lower than Schlumberger and Baker Hughes’s forward EV-to-EBITDA multiples.
What to Expect from Oilfield Services Stocks
So far in 2018, oilfield services stocks have fallen broadly. The VanEck Vectors Oil Services ETF (OIH) has fallen ~9% YTD (year-to-date).
Short Interest: Halliburton Fell, TechnipFMC Increased
The number of Halliburton (HAL) shares shorted fell from ~16.7 million on August 15 to ~14.4 million on August 31—a fall of ~13.4%.
SLB, HAL, BHGE, and FTI: Comparing the Leverage
Curently, Halliburton’s (HAL) DE (debt-to-equity) ratio is 1.2x—the highest among the four companies that we’re comparing.
Halliburton and Baker Hughes Expect Higher 2018 Capex
Halliburton’s (HAL) expected capital expenditure for 2018 is $2.0 billion, which is ~50% higher than its capital expenditure in 2017.