These challenges have impacted the industry’s profitability and have led to increased competition among industry players. Halliburton’s primary competitors in the energy services industry include Schlumberger, Baker Hughes and National Oilwell Varco. The company has been focused on improving its competitive position by investing in new technologies and expanding its global footprint.
Halliburton’s Stock Faces Volatility but Remains Positive in Analyst … – Best Stocks
Halliburton’s Stock Faces Volatility but Remains Positive in Analyst ….
Posted: Wed, 24 May 2023 07:00:00 GMT [source]
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Information is provided ‘as-is’ and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use please see Barchart’s disclaimer. Halliburton’s stock is owned by many different institutional and retail investors.
- MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.
- Information is provided ‘as-is’ and solely for informational purposes, not for trading purposes or advice, and is delayed.
- It operates through the Completion and Production, and Drilling and Evaluation segments.
- In 2020, Halliburton announced that it was changing its executive leadership team, adding several new members, including Mark Richard, the President of the Western Hemisphere.
- Despite the challenges facing the energy industry, Halliburton has several growth opportunities that it is pursuing.
- These challenges have impacted the industry’s profitability and have led to increased competition among industry players.
One of the company’s key growth drivers is the development of new technologies that can improve the efficiency and productivity of the energy industry. Halliburton has invested heavily in digitalization, automation and artificial intelligence to improve its services and products. The company https://forexarticles.net/what-is-software-development-2/ is also focused on expanding its global footprint, particularly in emerging markets such as China and India. In recent years, Halliburton’s financial performance has been impacted by the oil and gas industry downturn, which has resulted in lower demand for its services and products.
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Halliburton’s stock was trading at $39.35 on January 1st, 2023. Since then, HAL shares have decreased by 18.1% and is now trading at $32.22. 651 employees have rated Halliburton Chief Executive Officer Jeff Miller on Glassdoor.com. Jeff Miller has an approval rating of 63% among the company’s employees. This puts Jeff Miller in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies. The company is scheduled to release its next quarterly earnings announcement on Tuesday, July 18th 2023.
Halliburton faces several risks and challenges in the current business environment. One of the most significant challenges facing the company is the volatility of oil prices, which can substantially impact the demand for its services and products. In addition, the industry is facing increasing regulatory scrutiny, particularly around issues such as climate change and environmental impact. This could result in increased costs and regulatory compliance requirements for the company. Another challenge for Halliburton is the increasing competition in the industry. The company’s primary competitors are investing heavily in research and development and expanding their global footprint, which could impact Halliburton’s market share and profitability.
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Halliburton Company is a multinational corporation that provides various services and products to the energy industry. The company’s customers include major oil and gas companies and independent operators in the energy industry. Halliburton has achieved several key milestones over the years, including being the first company to log a well in the Gulf of Mexico and the first to perform hydraulic fracturing in the Permian Basin. The energy industry has faced several challenges recently, including declining oil prices, increased regulatory scrutiny and growing concerns over climate change.
Halliburton’s profit margins have also been affected by the downturn. However, despite this downturn, Halliburton has been beating earnings-per-share and revenue expectations in most quarters. Halliburton’s valuation metrics suggest the company might be slightly undervalued compared to its peers. Halliburton Co. engages in the provision of services and products to the energy industry related to the exploration, development, and production of oil and natural gas. It operates through the Completion and Production, and Drilling and Evaluation segments.
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MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation. Being an easy target, uncertainty, and a declining industry give these three stocks plenty to worry about. Get stock recommendations, portfolio guidance, and more from The Motley Fool’s premium services.
Top institutional shareholders include BlackRock Inc. (8.95%), State Street Corp (6.57%), Boston Partners (2.73%), FMR LLC (2.72%), Sanders Capital LLC (2.42%) and Geode Capital Management LLC (2.07%). Halliburton announced a quarterly dividend on Thursday, May 18th. Investors of record on Wednesday, June 7th will be given a dividend of $0.16 per share on Wednesday, June 28th. This represents a $0.64 annualized dividend and a yield of 1.99%.
The Completion and Production segment delivers cementing, stimulation, intervention, pressure control, specialty chemicals, artificial lift, and completion services. The Drilling and Evaluation segment provides field and reservoir modeling, drilling, evaluation, and wellbore placement solutions that enable customers to model, measure, and optimize their well construction activities. The company was founded by Erle P. Halliburton in 1919 and is headquartered in Houston, TX. 15 Wall Street analysts have issued “buy,” “hold,” and “sell” ratings for Halliburton in the last year. There are currently 14 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street analysts is that investors should “buy” HAL shares.
