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Stock Market & Financial Investment News

News Breaks
April 21, 2014
11:53 EDTSLB, WFT, BHI, HALHalliburton hits 52-week high after results top expectations
Shares of oilfield services company Halliburton (HAL) hit a new 52-week high after the company's first quarter results topped analysts' consensus estimates. WHAT'S NEW: This morning, Halliburton reported Q1 continuing operating earnings per share of 73c and revenue of $7.3B, topping expectations of 71c and $7.24B, respectively. The company forecast its Q2 EPS to be up approximately 25%, compared to consensus of 91c, and said "further increases" will follow. For Q2, the company expects low double-digit percentage revenue improvement and margins to move solidly into the mid-teens. On its conference call, management said that 2014 will be a transitional year for Latin America. The company said that constitutional changes in Mexico seem to be progressing as planned and it believes foreign investment in the market will be beneficial to the company beginning in 2015. Halliburton also said it is starting to "feel a momentum swing" in North America. OTHERS TO WATCH: Other companies in the oil services space space include Schlumberger (SLB), Baker Hughes (BHI), and Weatherford (WFT). PRICE ACTION: In late morning trading, Halliburton rose $1.93, or about 3.2%, to $62.83 on heavy trading volume. Earlier in the session, the stock hit a fresh 52-week high of $63.88. Weatherford (WFT), which is scheduled to report on its quarter this Friday, April 25, is up 0.7% to $18.34. Meanwhile, Schlumberger (SLB), which reported Thursday morning, is up 1.7% today to $101.56 and Baker Hughes (BHI), which also reported Thursday before the open, is up 1.8% to $69.57.
News For HAL;WFT;SLB;BHI From The Last 14 Days
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May 22, 2015
13:08 EDTBHIBaker Hughes reports U.S. rig count down 3 to 885
Baker Hughes reported the U.S. rig count is down 3 rigs from last week to 885, with oil rigs down 1 to 659, gas rigs down 1 to 222, and miscellaneous rigs down 1 to 4.
May 20, 2015
15:01 EDTHALHalliburton reaches agreement with BP to resolve remaining issues
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May 19, 2015
08:23 EDTHAL, BHISiemens bond plan keeps it in running for Halliburton assets, Bloomberg says
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07:31 EDTWFT, SLB, HALUBS to hold a conference
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May 15, 2015
13:03 EDTBHIBaker Hughes reports U.S. rig count down 6 to 888 rigs
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07:09 EDTHALHayman Capital gives quarterly update on stakes
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05:46 EDTBHIStocks with implied volatility movement; BHP AVP
Stocks with implied volatility movement; Avon Products (AVP) 77, Baker Hughes (BHI) 27 according to iVolatility.
May 11, 2015
09:59 EDTWFTOn The Fly: Analyst Downgrade Summary
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08:21 EDTSLB, HALMitsubishi UFJ to hold a tour
Energy Tour travels throughout Houston and San Antonio, Texas to meet with various energy companies on May 11.
08:14 EDTSLB, BHIMorgan Stanley to hold a conference
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06:16 EDTWFTWeatherford downgraded to Neutral from Buy at Citigroup
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May 8, 2015
13:03 EDTBHIBaker Hughes reports U.S. rig count down 11 to 894 rigs
Baker Hughes reports that the U.S. Rig Count is down 11 rigs from last week to 894, with oil rigs down 11 to 668, gas rigs down 1 to 221, and miscellaneous rigs up 1 to 5. Says the U.S. Rig Count is down 961 rigs from last year at 1855, with oil rigs down 860, gas rigs down 102, and miscellaneous rigs up 1. The U.S. Offshore rig count is 34, unchanged from last week, and down 25 rigs year over year. Says the Canadian Rig Count is down 4 rigs from last week at 75 rigs, with oil rigs down 1 to 16, and gas rigs down 3 to 59. The Canadian Rig Count is down 70 rigs from last year at 145, with oil rigs down 38, and gas rigs down 32.

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