UPDATE 2-Halliburton revenue drops more than expected as shale demand slows [Reuters]
Halliburton Company (HAL)
Last halliburton company earnings: 4/20 06:45 am
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Source: Reuters
Halliburton revenue drops more than expected as shale demand slows (Reuters) - Halliburton Co ( HAL.N Revenue from North America, which accounts for more than half of the company’s total, fell 21% in the third quarter, primarily due to lower pressure pumping activity and pricing. Halliburton, the largest provider of hydraulic fracking fleets, said completion and production revenue fell 16% in the three months ended Sept. 30. Larger rival Schlumberger said on Friday it had recorded a $1.58 billion goodwill impairment charge related to its pressure pumping business in North America. “These results from Halliburton bring into crystal-clear focus the speed with which North America (NAM) land well construction and completion activity eroded during course of Q3,” Tudor, Pickering, Holt & Co analysts wrote in a note. Oilfield service providers are struggling with reduced spending by oil and gas producers as investors push for higher buybacks and dividends rather than growth in a weak oil pri
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News
- Halliburton (NYSE: HAL) was downgraded by analysts at Griffin Securities from a "buy" rating to a "neutral" rating.MarketBeat
- Halliburton (HAL) Dips More Than Broader Market: What You Should Know [Yahoo! Finance]Yahoo! Finance
- Halliburton (NYSE: HAL) is now covered by analysts at Piper Sandler. They set an "overweight" rating and a $36.00 price target on the stock.MarketBeat
- Halliburton Labs Welcomes Five New Companies to Accelerate the Future of Energy [Yahoo! Finance]Yahoo! Finance
- Halliburton (NYSE: HAL) had its "equal weight" rating re-affirmed by analysts at Barclays PLC. They now have a $33.00 price target on the stock, down previously from $43.00.MarketBeat
HAL
Earnings
- 11/7/24 - Miss
HAL
Sec Filings
- 12/10/24 - Form 4
- 12/10/24 - Form 4
- 12/10/24 - Form 4
- HAL's page on the SEC website