The Halliburton Company (HAL) has been a key player in several news updates recently. The company has joined forces with Petronas to enhance subsurface modeling and oil exploration activities. In other news, its shares have been primarily rated as 'Moderate Buy' by brokerage firms. GeoFrame Energy has engaged Halliburton in the design of lithium and geothermal wells in East Texas.
Large shares of the company continue to change hands, with a recent purchase by Asset Management One Co. Ltd. of over 17k shares. Despite this, the company saw a drop in its share value by more than 6% following the ceasefire between Israel and Iran. This decline did not dissuade investors, as the company has been suggested as a worthy investment option by brokers.
Halliburton's recent collaboration with Chevron to launch a closed-loop fracturing system has generated a buzz, while the stock price, despite falling, still surpasses market returns. Share acquisition continues with companies like ORG Partners LLC and Hennesy Advisors Inc. increasing their holdings in Halliburton.
Jim Cramer views Halliburton as a good buy, and the company's stock is projected to rise. However, it is essential to note that the company reported its lowest sales since 2022.
Halliburton Company HAL News Analytics from Sat, 26 Oct 2024 07:00:00 GMT to Sat, 28 Jun 2025 17:24:00 GMT - Rating -2 - Innovation 3 - Information 8 - Rumor -1
