|Bid||19.04 x 2200|
|Ask||19.05 x 800|
|Day's Range||18.60 - 19.11|
|52 Week Range||16.97 - 40.45|
|Beta (3Y Monthly)||1.75|
|PE Ratio (TTM)||12.49|
|Earnings Date||Oct. 21, 2019|
|Forward Dividend & Yield||0.72 (3.91%)|
|1y Target Est||28.27|
Oil prices rose on Friday on the back of some positive noises coming out of the trade war negotiations and reports that an Iranian oil tanker had been attacked
Oilfield service provider Halliburton (HAL) declares another round of job cut as oil and gas customers scale back spending on services and equipment.
Despite popular belief, fracking is not that new but has been around since the American Civil War, but how did this misconception come about?
(Bloomberg) -- Halliburton Co. is reducing its workforce in the Rockies as the biggest oilfield service contractor to announce job cuts grapples with a protracted spending slump in the shale patch.The cuts affect 650 workers across Colorado, Wyoming, New Mexico and North Dakota, Emily Mir, a spokeswoman, said Wednesday in a prepared statement. Most were offered the option to relocate to other areas where greater oilfield work is expected, she said.The moves come three months after the Houston-based oilfield contractor announced it was trimming 8% of its North American headcount and parking unused frack gear.Oilfield servicers have been among the worst-hit companies amid a slowdown in the once red-hot U.S. shale patch. Their exploration customers are dialing back spending as low crude prices dent profits and investors urge financial discipline. Bankruptcies in the industry are surging and on track to eclipse last year’s casualties, according to law firm Haynes and Boone LLP.The number of U.S. crews that frack wells, the final step before oil production, has dropped 17% this year, according to Primary Vision Inc. Halliburton is set to report financial results from the third quarter on Oct. 21.Halliburton fell 0.5% to $18.16 at 1:48 p.m. in New York.(Updates with number of frack crews in fifth paragraph.)To contact the reporter on this story: David Wethe in Houston at firstname.lastname@example.orgTo contact the editors responsible for this story: Simon Casey at email@example.com, Christine Buurma, Joe CarrollFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
It is not uncommon to see companies perform well in the years after insiders buy shares. The flip side of that is that...
The Zacks Analyst Blog Highlights: GE company, Halliburton Company, Schlumberger, Diamond Offshore Drilling and Transocean
The Zacks Analyst Blog Highlights: Halliburton, Noble, Transocean, Diamond Offshore Drilling and Valaris
Domestic drillers may continue to lower rigs in the oil patches as they have a conservative capital budget for 2019 and the crude pricing scenario is weak.
Halliburton Company (HAL) today announced PTTEP, a national petroleum exploration and production company in Thailand, selected Halliburton Landmark’s Digital Well Program application to automate drilling, completions and engineering processes across the well lifecycle. Digital Well Program™, an application within DecisionSpace® 365, transforms how wells are constructed and delivered by combining a digitalized planning and design process with engineering models on a single and open platform.
Today we'll evaluate Halliburton Company (NYSE:HAL) to determine whether it could have potential as an investment...
Investing.com – Stocks held their ground Tuesday in the face of Middle East uncertainty, the spectacular crash of an IPO and what the Federal Reserve will do with interest rates on Wednesday.
Investing.com – Halliburton (NYSE:HAL) was giving back a big chunk of its Monday gains on Tuesday as oil prices moved lower on reports Saudi Arabia will be able to restore most of the production at facilities attacked Saturday by drones fairly quickly.
While the tally of oil rigs in Permian fell for five consecutive weeks, crude drillers in Cana Woodford removed rigs for two successive weeks.
A new tech for powering frac fleets could solve emissions and flaring problems for drillers, and save costs per well, but oilfield services companies aren’t convinced just yet