Halliburton Company (HAL) has bolstered itself as a top contender among oilfield service stocks due to significant upside potential. Despite falling victim to a cyberattack that impacted operations, the company has outperformed competitors on strong trading days. Financial results for 2023 demonstrably solid, resulting in an increase in dividends. This news has attracted institutional investors, with evidence showing that 88% of the company is owned by institutional investors. A multi-year contract with Petrobras solidifies HAL's market position, while its Q2 earnings aligned with estimates due to strong international growth. However, the company has suspected downside risk and declined in North American business. Furthermore, Q4 results saw a 6% fall, despite meeting expectations.HAL's outlook for 2024 is lowered, with analysts predicting a 'more muted' 2025. Despite challenges in the US market, the company has highlighted its international strength. A key investment in AIQ aims to boost well efficiency. Noting insider selling, there is speculation that HAL may rise again if Trump wins the US election. The company is reportedly becoming a long-term stock market winner and continues to seek partnerships internationally, recently inviting Africa's companies to submit EOIs.
Halliburton Company HAL News Analytics from Sat, 09 Dec 2023 20:53:01 GMT to Sat, 24 Aug 2024 22:01:23 GMT -
Rating 1
- Innovation 6
- Information 7
- Rumor -5
