HAL
Halliburton Tops Estimates as International Demand Strengthens
Article Summary
BUY- Halliburton Co. (NYSE: HAL) reported higher second-quarter earnings and revenue as strong drilling and completion activity across key markets and expanding international demand boosted earnings and cash flow.
- Halliburton Co. posted higher net income of $534 million, up from $461 million in the first quarter, with adjusted earnings of $0.55 per share, while revenue rose to $5.7 billion, with operating margin reaching 14%.
- Completion and Production revenue rose 6% sequentially, supported by increased stimulation work in the Western Hemisphere and stronger well intervention activity in Asia, while Drilling and Evaluation revenue climbed 5% driven by higher drilling services in North America, Europe, Africa, and Asia.
- International revenue rose 5% to $3.4 billion led by 19% jump in Europe and Africa, while Middle East and Asia revenue slipped 2% due to lower activity in Kuwait, Iraq, and Qatar amid ongoing geopolitical tensions.
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Growth Stock Scoring Breakdown
| METRIC | VALUE | WEIGHT | ANALYSIS |
|---|---|---|---|
| Sales Growth TTM ? | 0.6% | 25% | 20.0 ptsMinimal (0.6%) - Very weak |
| EPS Growth Next 5Y ? | 12.1% | 25% | 35.0 ptsBelow Screener (12.1%) - Modest outlook |
| Target Price Upside ? | 32.8% | 20% | 85.0 ptsLarge Upside (32.8%) - Target: $44.08 vs Current: $33.19 |
| Gross Margin % ? | 15.1% | 15% | 20.0 ptsThin (15.1%) - Low-margin business |
| Drawdown from 52-Wk High ? | -23.9% | 15% | 40.0 ptsMild Pullback (-23.9%) - Light entry opportunity |
Disclaimer: This rating is for informational purposes only and is not financial advice.
All data sourced from Finviz.
Always conduct your own research and consult with a financial advisor before making investment decisions.
Past performance does not guarantee future results.
About HAL
- Halliburton Company provides products and services to the energy industry worldwide.
- It operates in two segments, Completion and Production, and Drilling and Evaluation.
- The Completion and Production segment offers production enhancement services that include stimulation and sand control services; cementing services, such as well bonding and casing, and casing equipment; and completion tools that offer downhole solutions and services, including well completion products and services, intelligent well completions, liner hanger systems, sand control systems, multilateral systems, and service tools.
- This segment also provides electrical submersible pumps, as well as artificial lift services; production solutions comprising coiled tubing, hydraulic workover units, downhole tools, and pumping and nitrogen services; pipeline and process services, such as pre-commissioning, commissioning, maintenance, and decommissioning; and specialty chemicals and services.
- The Drilling and Evaluation segment offers drilling fluid systems, performance additives, completion fluids, solids control, specialized testing equipment, and waste management services; drilling systems and services; wireline and perforating services consisting of open-hole logging, and cased-hole and slickline; and drill bits and services comprising roller cone bits, fixed cutter bits, hole enlargement, and related downhole tools and services, as well as coring equipment and services.
- This segment also provides cloud based digital services and artificial intelligence solutions on an open architecture for subsurface insights, integrated well construction, and reservoir and production management; testing and subsea services, such as acquisition and analysis of reservoir information and optimization solutions; and project management and integrated asset management services.
- Halliburton Company was founded in 1919 and is based in Houston, Texas.