UPDATE 2-Halliburton revenue drops more than expected as shale demand slows [Reuters]
Halliburton Company (HAL)
Last halliburton company earnings: 4/20 06:45 am
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Source: Reuters
Halliburton revenue drops more than expected as shale demand slows (Reuters) - Halliburton Co ( HAL.N Revenue from North America, which accounts for more than half of the company’s total, fell 21% in the third quarter, primarily due to lower pressure pumping activity and pricing. Halliburton, the largest provider of hydraulic fracking fleets, said completion and production revenue fell 16% in the three months ended Sept. 30. Larger rival Schlumberger said on Friday it had recorded a $1.58 billion goodwill impairment charge related to its pressure pumping business in North America. “These results from Halliburton bring into crystal-clear focus the speed with which North America (NAM) land well construction and completion activity eroded during course of Q3,” Tudor, Pickering, Holt & Co analysts wrote in a note. Oilfield service providers are struggling with reduced spending by oil and gas producers as investors push for higher buybacks and dividends rather than growth in a weak oil pri
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News
- Halliburton (NYSE: HAL) had its price target raised by analysts at Citigroup Inc. from $45.00 to $50.00. They now have a "buy" rating on the stock.MarketBeat
- Halliburton (NYSE: HAL) had its "buy" rating re-affirmed by analysts at Benchmark Co.. They now have a $45.00 price target on the stock.MarketBeat
- Halliburton Company (NYSE:HAL) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Rhino Resources and Halliburton to Sign Contract for Integrated Deep-Water Services Offshore NamibiaBusiness Wire
- Halliburton (NYSE: HAL) had its price target raised by analysts at TD Cowen from $47.00 to $48.00. They now have a "buy" rating on the stock.MarketBeat
HAL
Earnings
- 4/23/24 - Beat
HAL
Sec Filings
- 4/24/24 - Form 10-Q
- 4/23/24 - Form 8-K
- 4/2/24 - Form DEFA14A
- HAL's page on the SEC website