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April 21, 2014
11:53 EDTBHI, HAL, SLB, WFTHalliburton 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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June 26, 2015
13:04 EDTBHIBaker Hughes reports U.S. rig count up 2 to 859
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07:31 EDTSLBOneSubsea awarded contract for supply of subsea trees for Shah Denix Two
OneSubsea, a Cameron (CAM) and Schlumberger (SLB) company, has been awarded a contract totaling more than $60M for the Shah Deniz Two development, operated by BP, offshore Azerbaijan. OneSubsea was awarded the initial contract for subsea trees for Shah Deniz Two in 2013. The scope of the new contract includes the supply of the second of three planned batches of subsea production trees and ancillaries. Deliveries are expected to commence 2016.
June 25, 2015
11:38 EDTHALStocks with call strike movement; HAL YHOO
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07:35 EDTHAL, BHIBaker Hughes volatility low into Haliburtonís expected closing of purchase
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07:08 EDTBHI, HALHalliburton volatility low into expected closing of Baker Hughes acquisition
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June 24, 2015
17:57 EDTBHIWall Street applauds Senate giving go-ahead for 'fast track' trade powers
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07:19 EDTSLB, WFT, HAL, BHIU.K. panel to decide on first fracking in area since 2011, WSJ reports
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June 19, 2015
13:04 EDTBHIBaker Hughes reports U.S. rig count down 2 to 857
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06:02 EDTBHIAker Solutions and Baker Hughes to cooperate on early-phase oil and gas studies
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