Halliburton Co. has been performing strongly against competitors, reaching a new 52-week low and succeeding in attracting new investments from firms like SG Americas Securities and BNP Paribas. It's also partnering with AIQ to boost well efficiency and has managed to sign a new deepwater well contract in Namibia. Despite the recent sales of shares by Chevy Chase Trust Holdings, Private Advisor Group and others, the company remains popular among institutional investors who own 88% of the company. Anticipation surrounds the company's upcoming earnings release, with analysts expecting growth and rating it as a 'buy'. Further intrigue accompanies the suggestion that if Trump wins the next election, Halliburton could see a rise. Financial results for 2023 were solid and Q1 2024's earnings calls saw beats on international strength while boosting their dividend. However, the stock fell in the broader market, and the company saw mixed performance on certain days compared to competitors. In spite of this, overall returns for investors have outpaced earnings growth in the last five years. Looking ahead, the company plans to release their Q4 results soon and aims to leverage its attractive financial prospects and high returns on capital.
Halliburton Company HAL News Analytics from Fri, 20 Oct 2023 07:00:00 GMT to Sun, 14 Jul 2024 12:49:39 GMT -
Rating 5
- Innovation 4
- Information 7
- Rumor -1
