New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
September 4, 2013
09:16 EDTHALHalliburton price target raised to $63 from $58 at Sterne Agee
Sterne Agee increased its price target on Halliburton following the company's recently completed Dutch auction. The firm thinks the auction highlights management's willingness to return cash to shareholders aggressively, and illustrates its confidence in its financial position. Sterne Agee thinks the company's outlook is strong and keeps a Buy rating on the shares.
News For HAL From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
April 21, 2015
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 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.
09:18 EDTHALHalliburton says Q1 challenging quarter, with downturn being historically high
Subscribe for More Information
08:43 EDTHALHalliburton downgraded at CLSA
Subscribe for More Information
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.
April 17, 2015
13:28 EDTHALHalliburton technical comments ahead of results
Since hitting lows in December of last year, the stock has been in a recovery uptrend. If the news is bullish, resistance levels to watch as potential upside objectives would be at $48.91 and then at $50.64. If the news is more bearish than traders appear to expect, support levels to watch as potential downside objectives would be at $43.47 which is the 50-day moving average, $41.59, and $40.59.
13:08 EDTHALHalliburton April weekly volatility elevated into Q1 and outlook
Halliburton April weekly call option implied volatility is at 4-, May is at 28, June is at 27, July and October is at 26; compared to 26-week average of 32 according to Track Data, suggesting large near term price movement into the expected release of Q1 results on April 20.
08:29 EDTHALU.S. may be at, or near, peak oil output, WSJ says
New data and forecasts suggest lower crude prices are finally prompting U.S. energy companies to cut back their crude output, according to The Wall Street Journal, citing reports from OPEC, the DOE and North Dakota. Publicly traded oil majors include BP (BP), Chevron (CVX), ConocoPhillips (COP), Exxon Mobil (XOM), Royal Dutch Shell (RDS.A) and Total (TOT). Publicly traded drillers and oil services companies include Baker Hughes (BHI), Diamond Offshore (DO), Halliburton (HAL), Nabors Industries (NBR), Noble Corp. (NE), Rowan Companies (RDC), Schlumberger (SLB), Transocean (RIG) and Weatherford (WFT). Reference Link
06:33 EDTHALSources: Halliburton hires BofA, Deutsche Bank to sell assets, Reuters reports
According to sources, Reuters reports that Bank of America (BAC) and Deutsche Bank (DB) have been hired by Halliburton (HAL) to sell two assets that could be valued at up to $5B. Bank of America will work to sell some of Halliburton's Sperry Drilling business, including logging-while-drigging, directional drilling and measuring-while-drilling, while Deutsche Bank is mandated to sell Halliburton's drill bits businesses. Halliburton is seeking to divest some assets to ease regulators' antitrust concerns in its $35B merger deal with Baker Hughes (BHI). Reference Link
April 15, 2015
08:58 EDTHALOil services stocks should be bought on dips, says BMO Capital
Subscribe for More Information
06:16 EDTHALOil layoffs reach 100,000 and still going, WSJ reports
Subscribe for More Information
April 14, 2015
09:20 EDTHALMorgan Stanley calls a bottom in Oil Services sector
Subscribe for More Information
April 7, 2015
16:19 EDTHALHalliburton to separately market certain businesses for sale
Halliburton (HAL) announced it will separately market for sale the company’s Fixed Cutter and Roller Cone Drill Bits, Directional Drilling and Logging-While-Drilling, or LWD,/Measurement-While-Drilling, or MWD, businesses. The final sale of these businesses will not be completed until the company has reached acceptable terms and conditions negotiated by Halliburton, the approval of Halliburton’s board and final approvals of the Baker Hughes (BHI) acquisition by competition authorities. Halliburton will operate as one company, including the businesses held for sale, until the sale of the identified businesses is complete. Halliburton expects to complete the sale of the businesses in the same timeframe as the closing of the pending Baker Hughes acquisition late in the second half of 2015.

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