New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
November 28, 2011
12:33 EDTRIG, BP, HALBP, Transocean, Halliburton may be charged with more violations, Bloomberg says
BP (BP), Transocean (RIG), and Halliburton (BP) may receive notices of additional violations of U.S. rules related to the 2010 Gulf oil spill, Michael Bromwich, the director of the Bureau of Safety and Environmental Enforcement, told Bloomberg. Reference Link
News For BP;RIG;HAL From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
1 | 2 | 3 | all recent news | >>
April 21, 2015
09:23 EDTHALHalliburton added to Conviction List, Baker Hughes removed at Iberia
Iberia prefers equity exposure of Halliburton (HAL) versus the merger arbitrage of owning Baker Hughes (BHI). The firm expects the merged company to better compete for integrated project management work and shore up weaker products and services.
09:12 EDTHALHalliburton price target raised to $61 from $52 at Susquehanna
Subscribe for More Information
08:08 EDTHALBaker Hughes 'pleased with the progress' on planned combination with Halliburton
07:51 EDTHALHalliburton should be bought on any weakness, says Oppenheimer
Subscribe for More Information
07:45 EDTHALHalliburton well positioned for industry upturn, says UBS
UBS said the oil services downturn is playing out as expected and that Halliburton (HAL) is well positioned for the eventual upturn. The firm cited the company's ability to maintain margins, synergies from its merger with Baker Hughes (BHI), and the potential for major share repurchases. UBS reiterated its Buy rating and raised its price target to $60 from $50 on Halliburton shares.
07:26 EDTBPBP preparing to defend against opportunistic takeover bids, Bloomberg says
Subscribe for More Information
07:04 EDTHALHalliburton price target raised to $56 from $48 at RBC Capital
Subscribe for More Information
April 20, 2015
10:00 EDTHALOn The Fly: Analyst Downgrade Summary
Subscribe for More Information
09:28 EDTHALHalliburton on track to complete Baker Hughes transaction late in 2H15
Continues to target annual cost synergies of $2B.
09:24 EDTBPBP taking oil cargoes as payment from cash-strapped Iraq, Reuters reports
Subscribe for More Information
09:24 EDTHALHalliburton will 'take hard look" at its operations
The company said it had reduced the company headcount by 9000 in last two quarters. Looking ahead, the company expects further charges to be significantly smaller. Expects Q2 corporate expenses of $75M, which will be the new quarterly run rate in 2015. Sees Q2 tax rate of approximately 26%. Cuts FY15 CapEx to $2.8B from $3.3B. Expects to see budget constraints in Mexico.
09:21 EDTBPAbengoa unit raided as part of EU bioethanol probe, Bloomberg reports
Subscribe for More Information
09:18 EDTHALHalliburton says Q1 challenging quarter, with downturn being historically high
Subscribe for More Information
08:43 EDTHALHalliburton downgraded at CLSA
Subscribe for More Information
08:32 EDTBPBofA/Merrill European strategists hold an analyst/industry conference call
Subscribe for More Information
07:21 EDTHAL, HALHalliburton downgraded to Underperform from Outperform at CLSA
Subscribe for More Information
07:09 EDTHALHalliburton records $823M after-tax charge in Q1 due to energy downturn
Subscribe for More Information
07:06 EDTHALHalliburton says visibility to depth, length of cycle remains uncertain
Subscribe for More Information
07:02 EDTHALHalliburton says international business more resilient than domestic market
“Total company revenue of $7.1B for the first quarter was down 4% year-over-year, significantly outpacing a 19% global rig count decline, and represented industry-leading performance amidst a challenging commodity price environment. Our global customer base has responded by lowering activity levels and seeking price concessions, which has impacted our margins. As evident by the restructuring charges taken during the quarter, we are taking steps to help mitigate the ongoing impact. North America experienced an unprecedented decline in drilling activity during the first quarter, which drove pricing pressure and margin compression across all product lines. First quarter revenue declined 9% and operating income declined 54%, year-over-year, compared to a 21% reduction in the United States land rig count. Activity has dropped approximately 50% from the peak in late November and we expect to continue to see pricing pressure for our services until the rig count stabilizes. Our international business has been more resilient than the domestic market, with the international rig count down 9% from the peak last July. We continue to anticipate headwinds across all of our international regions this year, as operators reduce their budgets. Lower commodity prices are influencing our customers to re-evaluate asset economics and defer new projects,” said CEO Dave Lesar.
07:01 EDTHALHalliburton reports Q1 adjusted EPS 49c, consensus 37c
Reports Q1 revenue $7.05B, consensus $6.99B.
1 | 2 | 3 | all recent news | >>

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use