Halliburton (HAL) Tops Q3 EPS by 5c, Beats on Revenues
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October 24, 2017 8:33 AM EDT
FBR Capital lowered its price target on Halliburton (NYSE: HAL) to $55.00 (from $61.00) while maintaining a Buy rating following the company's 3Q earnings report. HAL had the strongest 3Q17 earnings event of the diversified Big 3 OFS, beating consensus EPS by $0.05 or 14%, endorsing existing 4Q17... More
October 24, 2017 7:10 AM EDT
Jefferies lowered its price target on Halliburton (NYSE: HAL) to $51.00 (from $56.00) while maintaining a Buy rating following the company's 3Q earnings report. 3Q17 results appear supportive. HALs suggestion that there was investment related to its Production franchise points to higher incremental margins in... More
October 20, 2017 7:07 AM EDT
By Nivedita Bhattacharjee and Yashaswini Swamynathan
(Reuters) - The world's top two oilfield service firms on Friday warned slower producer spending and weakness in offshore exploration may weigh on current-quarter earnings, but said activity could improve in the longer term as the global crude market comes into balance.
The outlook drove shares in both companies lower, with Schlumberger NV (NYSE: SLB) hitting a 21-month low and Baker Hughes (NYSE: BHGE) touching a 16-month low before retracing some losses.
Schlumberger, the world's largest oilfield service company,... More
