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0.000509489237039766 0.000509489237039766 0.00101897847407971 0.000254744618519883 -0.00305693542223914 -0.00152846771111966 0.00101897847407971 0.00433065851483892
Stock impact report

Halliburton: Downgraded On Strong Stock Rally And Rising Uncertainty [Seeking Alpha]

Halliburton Company (HAL) 
Last halliburton company earnings: 4/20 06:45 am Check Earnings Report
US:NYSE Investor Relations: ir.halliburton.com
Company Research Source: Seeking Alpha
HAL's Q1 results showed resilient performance, beating estimates despite 4% lower revenues and 21% lower net income quarter-over-quarter. Future upside depends on a delayed but potential increase in global drilling activity, which has yet to materialize despite higher oil prices. I am targeting a re-entry below $35/share to minimize downside risk amid ongoing industry and macroeconomic uncertainties. Brett_Hondow/iStock Editorial via Getty Images Investment thesis: The latest quarterly report just released by Halliburton ( HAL ) is the last one before we see a new reality in the oil patch take hold. The reality of higher oil prices is HAL is rated a hold due to limited upside at current valuation, with a preference to re-enter at a lower price to manage risk. A sustained increase in oil prices could eventually trigger higher drilling activity, benefiting HAL, but this effect is likely delayed by several quarters. Rising operating costs for inputs like fuel and steel c Show less Read more
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