HALCL trade ideas
$HAL Bullish buy signal in Halliburton$entry level $23.50 = $target price $27.00 = Stop loss $22.50
Bullish increse in volume.
RSI in trong uptrend
Move above 200ma a buy signal when completed.
50 &100 ma's bullish cross.
p/e ratio 16.79.
short interest 4.62%
Company profile
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. 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.
$HAL Intraday reversal in Hallibutron on Cost cutting. Earning were less than spectacular and the shares initially dropped 1.8% before retracing to finish the day up over 6% as investors took solace in the cost cutting endeavours of the company.
Is it possible that this signals the bottom might be in for a stock down 70% from the 2018 highs.
P/E ratio 14.45
Short interest 4.18%
Yield 3.67%
Company profile
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. 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.
$HAL Close To Breaking Long-Term Downtrend Line$HAL is rallying today on earnings. The best part is that earnings weren't that great. This might be a sign that investors think the worst is over for the company and $HAL is going to bid higher.
$HAL is up 6.95% right now after reporting Q3 GAAP EPS of $0.34 in-line and Revenue of $5.55B (-10.0% Y/Y) that missed by $270M.
Q3 earnings matched Wall Street estimates but revenues fall by a sharper than expected 10% Y/Y to $5.55B, as oilfield services providers cope with weak demand from shale oil producers in North America.
HAL says revenue from North America, which accounts for more than half its total, tumbled 21% Y/Y and 11% Q/Q, primarily due to lower pressure pumping activity and pricing.
Q3 international revenue improved 10% Y/Y but came in flat Q/Q at $2.6B, highlighted by increased cementing activity in the Eastern Hemisphere and activity increases in Argentina.
Q3 completion and production revenue sank 16% Y/Y and 8% Q/Q to $3.51B, missing expectations of $3.66B, and drilling and evaluation revenue rose 2% Y/Y but fell 4% Q/Q to $2.04B and missed consensus of $2.15B.
HAL's results "bring into crystal-clear focus the speed with which North America land well construction and completion activity eroded during course of Q3," Tudor Pickering Holt analysts write.
Rival Schlumberger (NYSE:SLB) reported similar difficulties in North America, saying last Friday it had recorded a $1.58B goodwill impairment charge related to its North American pressure pumping business.
As always, trade with caution and use protective stops.
Good luck to all!
Halliburton updateHalliburton is and oil & gas equipment company within S&P500 index, market cap at $18.32B. Lost 48.98% from this day a year ago. The price target for most banks and funds is around $32-$50. The company went lower than expected so now, buyers could start looking at a cheap entry for a long.
Technical side shows a nice downtrend line being tested. Could be the beginning of the inverse head and shoulders pattern, divergence already present. Looking at another test of the red zone and bounce, then buy at the low of the right shoulder on smaller time frame for best entry.
Good Luck!
Halliburton on .7 FIB retrace from 1969. Yip its that bad. I would encourage the analysts with a buy rating on this stock to have a look at this chart, then stick their money on it.
AVERAGE ANALYSTS PRICE TARGET $34
AVERAGE ANALYSTS RECOMMENDATION BUY
P/E RATIO 10.75
SHORT INTEREST 3%
COMPANY PROFILE
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. 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.
