Halliburton Announces Second Quarter 2016 Results
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FBR Capital Raises Price Target on Halliburton (HAL) to $53 Following Strong 2Q
July 21, 2016 6:52 AM EDTFBR Capital reiterated an Outperform rating on Halliburton (NYSE: HAL), and raised the price target to $53.00 (from $49.00), following the company's 2Q earnings report. HAL posted an EPS of ($0.14), beating consensus estimates of ($0.19) on higher EBIT and lower taxes.
Analyst Thomas Curran commented, "Despite... More
Halliburton (HAL) Tops Q2 EPS by 5c
July 20, 2016 6:50 AM EDTHalliburton (NYSE: HAL) reported Q2 EPS of ($0.14), $0.05 better than the analyst estimate of ($0.19). Revenue for the quarter came in at $3.84 billion versus the consensus estimate of $3.76 billion.
Our second quarter results showed resilience in the face of another challenging quarter marked by lower activity levels and continued pricing pressure around the globe, said Dave Lesar, Chairman and CEO.
North America revenue declined 15% sequentially, significantly outperforming the average US rig count, which was down 23%. After falling 78% from the November 2014 peak, the US rig count reached a landing point during the second quarter, as we... More
