Stephens Reiterates Overweight Rating on Halliburton (HAL) Following 3Q Report
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Halliburton (HAL) PT Lowered to $27 at Cowen
October 22, 2019 6:40 AM EDTCowen analyst Marc Bianchi lowered the price target on Halliburton (NYSE: HAL) to $27.00 (from $28.00) while maintaining an Outperform rating following results.
The analyst commented, "HAL o/p the OIH by ~270bps as 4Q guidance was better than feared and the company announced more... More
Halliburton (HAL) PT Lowered to $23 at RBC Capital
October 22, 2019 6:15 AM EDTRBC Capital analyst Kurt Hallead lowered the price target on Halliburton (NYSE: HAL) to $23.00 (from $28.00) while maintaining an Outperform rating.
reducing our 20E/21E EPS by an average of 12%continue to see HAL as a through-cycle core holding for large-cap energy... MoreHalliburton (HAL) PT Raised to $27 at Citi
October 22, 2019 5:21 AM EDTCiti analyst Scott Gruber raised the price target on Halliburton (NYSE: HAL) to $27.00 (from $25.00) while maintaining a Buy rating.
... MoreU.S. allows Chevron to drill for oil in Venezuela for three more months
October 21, 2019 3:58 PM EDTBy Timothy Gardner and Makini Brice
WASHINGTON (Reuters) - The U.S. Treasury Department on Monday renewed a license allowing Chevron, the last U.S. operating energy company in Venezuela, to continue drilling in the country for another three months through Jan. 22.
The license has been a subject of intense debate within the Trump administration as it pursues a campaign to oust socialist President Nicolas Maduro. Its renewal represented a win by some in the administration, such as Secretary of State Mike Pompeo, who see keeping a U.S. company in Venezuela as an asset... More
Trade hopes move S&P 500 close to new record high
October 21, 2019 7:47 AM EDTBy April Joyner
NEW YORK (Reuters) - The benchmark S&P 500 stock index rose within striking distance of a record high on Monday as further signs of progress toward resolution of the U.S.-China trade war boosted shares in sectors sensitive to trade and the global economy.
U.S. President Donald Trump continued to strike optimistic tones, while White House adviser Larry Kudlow said tariffs on Chinese goods scheduled for December could be withdrawn if talks go well.
"People are continuing to be optimistic that some type of trade truce with China can be pushed... More
Halliburton (HAL) Reports In-Line Q3 EPS, Revenue Light
October 21, 2019 6:45 AM EDTHalliburton (NYSE: HAL) reported Q3 EPS of $0.34, in-line with the analyst estimate of $0.34. Revenue for the quarter came in at $5.6 billion versus the consensus estimate of $5.81 billion.
For earnings history and earnings-related data on Halliburton (HAL) click here.
... MoreOptions expected to have increasing volume: HAL CMG HOG HAS
October 21, 2019 2:49 AM EDTOptions expected to have increasing volume: HAL CMG HOG HAS
... MoreIn oil-rich region, Venezuelans fear catastrophe if Trump forces Chevron to leave
October 18, 2019 12:09 PM EDTBy Luc Cohen and Mariela Nava
LA CAÑADA DE URDANETA, Venezuela (Reuters) - With the $2 he earns in wages each week working as a cargo driver for Venezuelan state oil company PDVSA, 56-year-old Freddy Brito cannot even afford to buy one kilogram (2.2 lb) of cheese.
To feed himself and his wife as the once-prosperous OPEC nation suffers a hyperinflationary economic collapse, Brito depends on a monthly basket of rice, canned tuna, beans and other products valued at $200 given to him by California-based Chevron Corp (NYSE: CVX), PDVSA's minority partner at... More
Halliburton (HAL) October weekly option implied volatility elevated into EPS and outlook
October 18, 2019 10:00 AM EDTHalliburton (NYSE: HAL) October weekly call option implied volatility is at 53, November is at 43; compared to its 52-week range of 28 to 57 into the expected release of quarter financial results before the open on October 21. Call put ratio 2.6 calls to 1 put with focus on October weekly 19 calls and puts.
... MoreSchlumberger takes $12 billion charge as CEO charts new course
October 18, 2019 7:35 AM EDTBy Shariq Khan
(Reuters) - Schlumberger NV's (NYSE: SLB) new chief executive wielded an axe to the company's asset-heavy businesses, taking a $12.7 billion charge in the face of weaker shale drilling and sliding profits.
The move, by Olivier Le Peuch, writes down his predecessors' big investments that took the world's largest oilfield services company deeper into shale and oilfield operations and shows that he intends to shift the company toward more asset-light software and services-driven businesses.
The charge, amounting to nearly 18% of value of the company's assets, drove an $11.4 billion loss, the largest in... More
Halliburton (HAL) PT Lowered to $25 at Citi
October 18, 2019 6:17 AM EDTCiti analyst Scott Gruber lowered the price target on Halliburton (NYSE: HAL) to $25.00 (from $27.00) while maintaining a Buy rating.... More
