Latest news with #Halliburton
Yahoo
7 days ago
- Business
- Yahoo
Halliburton (HAL) Rises But Trails Market: What Investors Should Know
In the latest trading session, Halliburton (HAL) closed at $19.97, marking a +0.3% move from the previous day. The stock lagged the S&P 500's daily gain of 2.05%. Elsewhere, the Dow gained 1.78%, while the tech-heavy Nasdaq added 2.47%. The provider of drilling services to oil and gas operators's stock has dropped by 3.58% in the past month, falling short of the Oils-Energy sector's gain of 1.87% and the S&P 500's gain of 5.21%. The upcoming earnings release of Halliburton will be of great interest to investors. The company is expected to report EPS of $0.57, down 28.75% from the prior-year quarter. At the same time, our most recent consensus estimate is projecting a revenue of $5.46 billion, reflecting a 6.42% fall from the equivalent quarter last year. For the full year, the Zacks Consensus Estimates project earnings of $2.40 per share and a revenue of $21.87 billion, demonstrating changes of -19.73% and -4.67%, respectively, from the preceding year. Investors should also note any recent changes to analyst estimates for Halliburton. Such recent modifications usually signify the changing landscape of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability. Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system. The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 3.4% lower. At present, Halliburton boasts a Zacks Rank of #4 (Sell). Digging into valuation, Halliburton currently has a Forward P/E ratio of 8.29. For comparison, its industry has an average Forward P/E of 14.47, which means Halliburton is trading at a discount to the group. Investors should also note that HAL has a PEG ratio of 3.07 right now. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. Oil and Gas - Field Services stocks are, on average, holding a PEG ratio of 2.4 based on yesterday's closing prices. The Oil and Gas - Field Services industry is part of the Oils-Energy sector. With its current Zacks Industry Rank of 172, this industry ranks in the bottom 31% of all industries, numbering over 250. The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1. Keep in mind to rely on to watch all these stock-impacting metrics, and more, in the succeeding trading sessions. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Halliburton Company (HAL) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
27-05-2025
- Business
- Yahoo
Jim Cramer on Liberty Energy (LBRT): 'I am Not in the Oil Service Business'
We recently published a list of . In this article, we are going to take a look at where Liberty Energy Inc. (NYSE:LBRT) stands against other stocks that Jim Cramer discusses. Cramer was asked about Liberty Energy Inc. (NYSE:LBRT) during the lightning round, and he stated: 'Oh man, I used to, I love the guy who used to run the thing, you know that. But I've gotta tell you, I am not in the oil service business. And not only that, but there's a guy named Halliburton. A lot of people seem to like him. I don't care for the stock of Halliburton. I like Schlumberger.' A worker in protective gear near a large natural gas exploration machinery. Liberty Energy (NYSE:LBRT) delivers hydraulic fracturing services and technologies to oil and gas exploration and production companies. The company provides wireline work, proppant delivery, field gas processing, CNG transport, data tools, sand supply, and well site fueling and logistics. Back in November 2024, Cramer extensively commented on the company as he stated: 'Let me say from the outset that I think the world of Liberty Energy, the oil service company run by Chris Wright, who's Trump's pick for Energy Secretary. It's the fourth largest oil service company in North America, covering all the major basins. I like fracking. I like oil service companies that help extract fossil fuels from land. Overall, LBRT ranks 18th on our list of stocks that Jim Cramer discusses. While we acknowledge the potential of LBRT as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than LBRT and that has 100x upside potential, check out our report about this cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
26-05-2025
- Business
- Yahoo
Putin gives Russian company approval to buy Aggreko's Russian assets
MOSCOW (Reuters) -Russian President Vladimir Putin on Monday signed a decree that gave Russian company BurService permission to buy Russian assets owned by energy solutions provider Aggreko, according to a document published on the Russian government portal. Moscow has steadily tightened restrictions on foreign asset sales since the start of the conflict in Ukraine, with any transactions involving the energy and finance sectors requiring Putin's approval. BurService and Aggreko did not immediately respond to requests for comment. The decree did not specify the value of the deal. BurService was formed as a result of the departure from Russia by oilfield services company Halliburton in 2022. Halliburton in September 2022 said it had sold its Russia operations to a Russia-based management team made up of former Halliburton employees. Halliburton no longer conducts operations in Russia and BurService is an independent company. (Writing by Alexander MarrowEditing by Tomasz Janowski) Sign in to access your portfolio
Reuters
26-05-2025
- Business
- Reuters
Putin gives Russian company approval to buy Aggreko's Russian assets
MOSCOW, May 26 (Reuters) - Russian President Vladimir Putin on Monday signed a decree that gave Russian company BurService permission to buy Russian assets owned by energy solutions provider Aggreko, according to a document published on the Russian government portal. Moscow has steadily tightened restrictions on foreign asset sales since the start of the conflict in Ukraine, with any transactions involving the energy and finance sectors requiring Putin's approval. BurService and Aggreko did not immediately respond to requests for comment. The decree did not specify the value of the deal. BurService was formed as a result of the departure from Russia by oilfield services company Halliburton in 2022. Halliburton (HAL.N), opens new tab in September 2022 said it had sold its Russia operations to a Russia-based management team made up of former Halliburton employees. Halliburton no longer conducts operations in Russia and BurService is an independent company.
Yahoo
23-05-2025
- Business
- Yahoo
Halliburton (NYSE:HAL) Declares US$0.17 Q2 Dividend for 2025 Shareholders
Halliburton recently declared a second-quarter dividend of $0.17 per share, scheduled for payment on June 25, 2025, which highlights the company's commitment to returning value to its shareholders. Over the past month, the company's share price experienced a 3.6% decline. The performance aligns with broader market volatility; stocks have seen a downward trend due to global trade tensions reignited by tariff threats. While Halliburton's product launch and successful endeavors in Namibia showcase growth initiatives, they were not enough to counteract the broader market declines reflected across major indices and sectors. Halliburton has 2 risks we think you should know about. Uncover the next big thing with financially sound penny stocks that balance risk and reward. Halliburton's recent dividend declaration underscores its ongoing efforts to deliver shareholder value despite current share price pressures. The company's 0.17 per share dividend indicates a proactive approach to maintaining investor confidence amidst a volatile market impacted by global trade tensions and tariff threats. Over the past month, the stock declined by 3.6%, mirroring broader market trends. However, looking at the longer term, Halliburton achieved a total return of 78.02% over the last five years, demonstrating resilience and potential for consistent growth when considering this broader timeframe. In comparison to the industry, Halliburton underperformed the US Energy Services sector over the past year. This context may provide insight into the company's current positioning within the market dynamics. With its share price trading at a 45.87% discount to the consensus analyst price target of US$29.34, there may be opportunities for realignment towards this target, especially if growth initiatives gain traction. The investment in advanced technologies and automation, coupled with strategic international contracts, is anticipated to bolster productivity and margins. However, economic uncertainties and North American revenue challenges pose potential risks to revenue forecasts, predicted to decline by 0.4% annually over the next three years. Future earnings are expected to reach US$2.4 billion by 2028, reflecting an increase from US$2.1 billion, contingent on improving profit margins from 9.3% to 10.7%. Analysts predict a gradual rise in share price aligned with these expectations, emphasizing the importance of monitoring these developments closely for potential impacts on Halliburton's financial trajectory. Gain insights into Halliburton's outlook and expected performance with our report on the company's earnings estimates. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include NYSE:HAL. This article was originally published by Simply Wall St. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@ Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
