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Jul 22, 2019

Halliburton (HAL, $22.81) beats Q2 earnings estimates; shares climb +1.6% in pre-market trade

Halliburton’s second-quarter adjusted earnings exceeded analysts' expectations, leading to its shares climbing +1.6% in premarket trading Monday.

The oil-field services company reported adjusted earnings of 35 cents per share, which surpassed the 30 cents per share estimated by analysts surveyed by FactSet.

However, total revenue came in at $5.93 billion, slightly behind the FactSet consensus of $5.97 billion.

The company’s revenue from North America was $3.3 billion, marking a +2% increase over the first quarter, thanks in part to increased drilling activity in the Gulf of Mexico. International revenue of  $2.6 billion came in + 6% higher from the first quarter, on the back of improvement in activity in the Middle East/Asias, as indicated by the company.

Related Ticker: HAL

HAL's RSI Oscillator leaves overbought zone

The 10-day RSI Oscillator for HAL moved out of overbought territory on January 29, 2024. This could be a sign that the stock is shifting from an upward trend to a downward trend. Traders may want to look at selling the stock or buying put options. Tickeron's A.I.dvisor looked at 39 instances where the indicator moved out of the overbought zone. In of the 39 cases the stock moved lower in the days that followed. This puts the odds of a move down at .

Price Prediction Chart

Technical Analysis (Indicators)

Bearish Trend Analysis

The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In of 59 cases where HAL's Stochastic Oscillator exited the overbought zone, the price fell further within the following month. The odds of a continued downward trend are .

The Momentum Indicator moved below the 0 level on March 04, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on HAL as a result. In of 75 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .

HAL moved below its 50-day moving average on March 04, 2024 date and that indicates a change from an upward trend to a downward trend.

The 10-day moving average for HAL crossed bearishly below the 50-day moving average on February 09, 2024. This indicates that the trend has shifted lower and could be considered a sell signal. In of 15 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are .

Following a 3-day decline, the stock is projected to fall further. Considering past instances where HAL declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

HAL broke above its upper Bollinger Band on January 26, 2024. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.

Bullish Trend Analysis

The Moving Average Convergence Divergence (MACD) for HAL just turned positive on February 16, 2024. Looking at past instances where HAL's MACD turned positive, the stock continued to rise in of 40 cases over the following month. The odds of a continued upward trend are .

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where HAL advanced for three days, in of 302 cases, the price rose further within the following month. The odds of a continued upward trend are .

Fundamental Analysis (Ratings)

Fear & Greed

The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.

The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is fair valued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (3.334) is normal, around the industry mean (3.816). P/E Ratio (12.048) is within average values for comparable stocks, (51.021). Projected Growth (PEG Ratio) (3.477) is also within normal values, averaging (2.343). Dividend Yield (0.018) settles around the average of (0.040) among similar stocks. P/S Ratio (1.379) is also within normal values, averaging (1.437).

The Tickeron Seasonality Score of (best 1 - 100 worst) indicates that the company is fair valued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating fairly steady price growth. HAL’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.

The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating well-balanced risk and returns. The average Profit vs. Risk Rating rating for the industry is 80, placing this stock slightly better than average.

The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to worse than average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.

Notable companies

The most notable companies in this group are Schlumberger Limited (NYSE:SLB), Halliburton Company (NYSE:HAL), Valaris Limited (NYSE:VAL).

Industry description

The oilfield services/equipment industry is involved in providing various equipment and services to oil and natural gas producers. These companies rent drilling rigs and/or provide services to build and maintain oil and gas wells. The performance of this industry is dependent on demand for oil and natural gas, which in turn is often driven by macroeconomic conditions or business cycles. Schlumberger NV, Halliburton Company, and Baker Hughes are some of the biggest oilfield services companies.

Market Cap

The average market capitalization across the Oilfield Services/Equipment Industry is 3.04B. The market cap for tickers in the group ranges from 717 to 70.79B. SLB holds the highest valuation in this group at 70.79B. The lowest valued company is FLSS at 717.

High and low price notable news

The average weekly price growth across all stocks in the Oilfield Services/Equipment Industry was 1%. For the same Industry, the average monthly price growth was 2%, and the average quarterly price growth was -6%. NSFDF experienced the highest price growth at 41%, while SMGI experienced the biggest fall at -40%.

Volume

The average weekly volume growth across all stocks in the Oilfield Services/Equipment Industry was 1%. For the same stocks of the Industry, the average monthly volume growth was -30% and the average quarterly volume growth was -5%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 58
P/E Growth Rating: 74
Price Growth Rating: 53
SMR Rating: 71
Profit Risk Rating: 80
Seasonality Score: -9 (-100 ... +100)
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HALDaily Signal changed days agoGain/Loss if shorted
 
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A.I.Advisor
published price charts
A.I. Advisor
published General Information

General Information

a provider of products and services to the energy industry for exploring, developing and producing oil and natural gas

Industry OilfieldServicesEquipment

Profile
Fundamentals
Details
Industry
Oilfield Services Or Equipment
Address
3000 North Sam Houston Parkway East
Phone
+1 281 871-2699
Employees
48000
Web
https://www.halliburton.com
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HAL and

Correlation & Price change

A.I.dvisor indicates that over the last year, HAL has been closely correlated with SLB. These tickers have moved in lockstep 85% of the time. This A.I.-generated data suggests there is a high statistical probability that if HAL jumps, then SLB could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To HAL
1D Price
Change %
HAL100%
-1.29%
SLB - HAL
85%
Closely correlated
+0.14%
LBRT - HAL
79%
Closely correlated
-2.43%
NOV - HAL
79%
Closely correlated
-1.35%
RES - HAL
78%
Closely correlated
-2.53%
WHD - HAL
77%
Closely correlated
-1.52%
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