|Bid||23.44 x 1800|
|Ask||23.45 x 1400|
|Day's range||23.22 - 24.05|
|52-week range||20.98 - 42.89|
|Beta (3Y monthly)||1.62|
|PE ratio (TTM)||15.54|
|Earnings date||21 Oct 2019 - 25 Oct 2019|
|Forward dividend & yield||0.72 (3.03%)|
|1y target est||33.83|
While the North America business environment remains challenging, both Schlumberger (SLB) and Halliburton (HAL) expect international drilling activity to continue with the broad-based recovery.
Global stock markets rose Tuesday on optimism over the potential re-opening of U.S.-China trade talks and despite heightened Middle East tensions. U.S. Treasury Secretary Steven Mnuchin suggested last week that trade envoys might meet in person following two rounds of phone conversations, though he gave no timeline. In midday trading, London's FTSE 100 rose 0.6% to 7,562 after Boris Johnson was named as the new prime minister, a move that could increase the risks of a disorderly Brexit.
Strong activity in international markets helped the Houston-based oilfield services provider gift investors an estimate-beating quarter.
The Houston-based oilfield company is the largest provider of hydraulic fracturing services in North America, a segment of the business that has been hard-hit by overcapacity, making it difficult to raise prices. Halliburton Chief Executive Officer Jeff Miller said that market remains oversupplied and the company idled equipment during the quarter and will continue to do so. It has also taken steps to cut costs by reorganizing its North American business.
Halliburton (HAL) reported its second-quarter earnings on Monday before the markets opened. The company's earnings rose sequentially.
Giant market players like Facebook (FB), Alphabet (GOOGL), Boeing (BA), Amazon (AMZN) and Tesla (TSLA) will be among those reporting this week.
HOUSTON-- -- Reported net income of $0.09 per diluted share Adjusted net income of $0.35 per diluted share, excluding impairments and other charges Halliburton Company announced today net income of $75 million, or $0.09 per diluted share, for the second quarter of 2019. This compares to net income for the first quarter of 2019 of $152 million, or $0.17 per diluted share. Adjusted net income for the ...
Technology stocks led the advance for the broader US market as investors kept an eye on the strained geopolitics of the Gulf. The S&P 500 finished 0.3 per cent higher on Monday, with an afternoon rally at one point putting up as much as 0.5 per cent. That also saw the Dow Jones Industrial Average turn positive and close fractionally higher, but it was tech names that led the way, with the Nasdaq Composite rising 0.7 per cent.
Investing.com - U.S. futures were higher on Monday as Wall Street looked set to recover from last week’s decline, with earnings season still in focus.
Halliburton’s quarterly results added further proof to the divergence in the global oil industry as the oilfield services group was fuelled by overseas growth while its North American business lagged behind. “We continue to build on the growth momentum internationally and successfully manage the market dynamics in North America,” said chief executive Jeff Miller.
Transition to a more disciplined capital spending approach within the exploration and production space is expected to weigh on Halliburton's (HAL) Q2 results.