Halliburton Co
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Halliburton Beats Q3 Earnings Estimates, Shares Fall on Revenue Miss
Why Is Halliburton a Buy Before Its Q3 Earnings?
Halliburton Stock Rose 6 Percent 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.
Schlumberger Is Up 31% in 2019: Can It Maintain Momentum?
Schlumberger (SLB) has risen 31% so far in 2019.
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.
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.
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.
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.
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.
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.
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.
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: 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.
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.
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).
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.
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.”
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.
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.
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.
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.
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%.
Schlumberger and Halliburton’s Revenue Trends
In the first half of 2018, Halliburton’s (HAL) revenues grew 29% YoY—compared to Schlumberger’s (SLB) 12% revenue growth during the same period.
SLB, HAL, BHGE, and FTI: Understanding Key Business Areas
Schlumberger operates through four segments—Reservoir Characterization, Drilling, Production, and Cameron.
Why Oil Rigs Might Help Oil Prices Rebound
In the week ended September 7, the oil rig count fell by two to 860, nine less than its 3.5-year high.
Why Halliburton Expects Flat Earnings in Q3 2018
HAL’s Drilling and Evaluation segment’s operating income rose 2.0% sequentially in the second quarter.
Halliburton Has Underperformed Its Peers in 2018—What’s Ahead?
Halliburton (HAL) stock has fallen ~18% in 2018, underperforming its sector peers. HAL stock fell significantly after its Q2 earnings.
Halliburton: What Does the Institutional Activity Indicate?
Capital Research Global Investors and State Street Global Advisors sold net 2.6 million and 0.3 million Halliburton shares from their holdings.
Halliburton Reacts to Changing Crude Oil Prices: Update
Halliburton’s (HAL) stock price correlation with crude oil on July 20–27 was 0.22—a moderately positive correlation.
Analyzing Halliburton’s Stock Price Forecast This Week
Halliburton stock will likely close between $43.14 and $40.46 by August 3—based on its implied volatility.
How TechnipFMC Stock Reacted to Second-Quarter Results
On July 25, 2018, FTI’s stock price was down 10.9% compared to May 9 when its first-quarter financial results were released.
TechnipFMC’s Q2 2018 Earnings Missed the Estimates
TechnipFMC (FTI) released its second-quarter financial results on July 25 after the market closed. The company recorded operating revenues of $2.96 billion.
How Halliburton’s Segments Performed in the Second Quarter
The C&P segment accounted for 68% of HAL’s Q2 revenues.
Analyzing Schlumberger’s Segments in Q2 2018
SLB’s Drilling group’s operating margin deflated to 13.0% in Q2 2018 from 14.0% in Q2 2017.
Why Halliburton’s Q2 2018 Earnings Narrowly Missed Estimates
Halliburton (HAL) released its Q2 2018 financial results today. The company recorded total revenues of ~$6.15 billion in Q2 2018, up 24% from its ~$4.96 billion in Q2 2017.
How Is Weatherford Reacting to Crude Oil’s Change?
The correlation between Weatherford International’s (WFT) stock price and crude oil’s price from April 17 to July 16 was 0.03.
A Look at Weatherford International’s Stock Price Forecast
On July 17, Weatherford International’s (WFT) implied volatility was ~65.2%.
ION Geophysical Reacts to Crude Oil
ION Geophysical’s (IO) correlation with crude oil on April 19–July 19 was 0.30. The correlation represents a positive relationship.
Halliburton’s Stock Price Forecast This Week
Halliburton stock will likely close between $47.12 and $43.58 by July 20 based on its implied volatility. Halliburton’s stock price was $45.35 as of July 13.
What Were TETRA Technologies’ One-Year Returns?
TETRA Technologies’ (TTI) one-year returns were 71% until July 12. Since July 13, 2017, the Energy Select Sector SPDR ETF (XLE) has increased 16.7%.
Halliburton’s Stock Price Forecast ahead of Its Q2 2018 Earnings
From April 23 to July 6, Halliburton’s implied volatility has increased from 25.0% to 28.0%.
What Are Halliburton’s Estimates for Q2 2018 and Beyond?
Halliburton’s (HAL) management expects its upstream activities in North America to remain strong, supported by robust hydraulic fracturing activity.
What Analysts Expect for Halliburton’s Q2 2018 Earnings
Analysts expect Halliburton (HAL) to report adjusted EPS of $0.58 in Q2 2018, a 41% improvement from its Q1 2018 adjusted EPS of $0.41.
How Nabors Industries Reacted to Crude Oil’s Moves Last Week
In the week ending July 6, Nabors Industries’ (NBR) correlation with crude oil was 0.26.
Are Hedge Funds Buying COG, XEC, WMB, CXO, and HAL?
In Q1 2018, hedge funds increased their aggregate holdings in Cimarex Energy, Williams Companies, and Concho Resources by 12.66%, 22.73%, and 71.02%, respectively.
Concho Resources: The Fourth-Lowest Energy Performer in XLE
In the first half of 2018, CXO fell from its 2017 close of $150.22 to $138.35—a moderate decrease of ~8.0%.
What Analysts Expect from Schlumberger’s Q2 2018 Earnings
In the second quarter of 2018, analysts expect Schlumberger (SLB) to report $0.43 adjusted EPS, a 13% sequential increase.
What’s Halliburton’s Stock Price Forecast This Week?
Halliburton stock will likely close between $46.91 and $43.21 by July 6 based on its implied volatility. The stock price was $45.06 as of June 29.
Oil States International: Third-Highest ‘Sell’ Recommendations
Approximately 6% of the Wall Street analysts tracking Oil States International recommended a “sell” or some equivalent as of June 25.
National Oilwell Varco Has the Most ‘Sell’ Ratings
Approximately 10% of the analysts tracking National Oilwell Varco have recommended a “sell” or some equivalent as of June 25.
Gauging Short Interest in Weatherford International
As of June 22, short interest in Weatherford International (WFT) as a percentage of its float was 14.1%, compared to 15.2% as of June 22, 2017.
How Is Oceaneering International Reacting to Crude Oil’s Price?
OII’s correlation with crude oil’s price from March 21 to June 21 represented a positive relationship between OII and crude oil.
Top Five Oilfield Equipment and Services Companies
According to Wall Street analysts’ ratings, Halliburton (HAL) has the highest “buy” or some equivalent rating in the OFS industry.
API Reports a Decline in US Crude Inventories
The API reported that US crude oil inventories fell by 3 MMbbls (million barrels) on June 8–15.
Halliburton’s Stock Price Forecast This Week
Halliburton’s (HAL) implied volatility was 24.4% as of June 15. Since April 23, the day Halliburton released its first-quarter earnings, its implied volatility has fallen marginally.
Carbo Ceramics’ Revenue Growth among the Industry’s Highest
Carbo Ceramics (CRR) comes in third in the ranking of our top five revenue growth companies in the OFS industry.
Does Halliburton Have a Brighter Outlook for Q2 2018?
From June 8, 2017, to June 7, 2018, Halliburton (HAL) stock has risen 11%. The price of WTI crude oil has risen 45% in the same period.
What’s Halliburton’s Stock Price Forecast This Week?
Halliburton’s (HAL) implied volatility was 23.9% on June 8.
Halliburton Management: Its Views for 2018
Jeff Miller, Halliburton’s (HAL) CEO, considers North America one of HAL’s key growth engines in 2018.
Why Halliburton Stock Is Showing Some Strength
On June 5, Haliburton (HAL) was trading at $47.87, which was 4% higher than a year ago. In this series, we’ll see what’s driving it.
Wall Street’s Targets for SLB, HAL, KEG, NBR, and CLB
In this article, we’ll look at Wall Street’s targets for the OFS stocks that had the highest net debt-to-equity ratios in the first quarter.
A Look at the Short Interests of SLB, HAL, KEG, NBR, and CLB
Short interest in Schlumberger (SLB) as a percentage of its float was 1.5% on June 1, 2018, compared to 1.8% on June 1, 2017.
Comparing the Returns of 5 OFS Companies by Net Debt-to-Equity
From June 1, 2017, to June 1, 2018, Key Energy Services (KEG) produced an -11% return.
What’s Up with Halliburton’s Net Debt-to-Equity Ratio?
On March 31, 2018, Halliburton’s (HAL) net debt was $8.57 billion, 3% lower than its net debt of $8.88 billion on March 31, 2017.
The 5 Oilfield Companies with the Highest Net Debt-to-Equity
In this series, we’ll analyze the five oilfield equipment and services companies with the highest net debt-to-equity ratios in Q1 2018.
Halliburton Reacts to Crude Oil’s Price Change
Halliburton’s (HAL) stock price correlation coefficient with crude oil’s price on May 25–June 1 was 0.99—a strong correlation.
Forecasting NOW’s Stock Price over the Next 7 Days
Between May 2, when NOW (DNOW) released its first-quarter results, and May 23, its implied volatility fell from 43.7% to 39.1% and its stock price rose ~5.4%.