Oct 21 (Reuters) - As fracking accelerates in North American shale fields, oilfield services providers Halliburton Co and Baker Hughes Inc are stockpiling sand to protect themselves against rising costs and are buying more railcars to transport the haul.
Halliburton : Better Positioned Than Others To Weather A Storm
* Raises quarterly dividend to $0.18 from $0.15 (Adds executive comments; updates shares)
pension fund GPIF reportedly is boosting its equity allocation to 25% from 12%. The energy sector should be helped as Halliburton +3% premarket following upbeat results and crude oil rises by 0.3% to $82.31/bbl. Treasury prices hover near
Halliburton (NYSE: HAL ) +3.8% premarket after Q3 earnings and revenues beat Wall Street ..... and the Europe/Africa/CIS region with a 9% rise to $1.46B. HAL also says it lowered its loss contingency for the Macondo well blowout
Oct 20 (Reuters) - Halliburton Co, the world's No.2 oilfield services provider, reported a 70 percent rise in net income attributable to the company, helped by stronger drilling activity and demand for production services in North America.
Halliburton (NYSE: HAL ): Q3 EPS of $1.19 beats by $0.09 . Revenue of $8.7B (+16.5% Y/Y) beats by $170M . Press Release Post your comment!
Halliburton delivered a solid third quarter amid a weakened ..... 7%, respectively. The fact that Halliburton is growing revenues in all in these ..... struggled with production growth, and Halliburton ’s performance illustrates its ability
and E&P companies' capital expenditures are higher than expected. Citi tags Schlumberger ( SLB +0.5% ), Halliburton ( HAL +2.1% ), Weatherford ( WFT +1% ), Superior Energy ( SPN +2% ) and Helmerich & Payne ( HP +5.1% ) with
valuation metrics. FBR cuts price targets by 10%-15% for several other oilfield services stocks, including Halliburton ( HAL -0.3% ), Baker Hughes ( BHI -0.5% ), Schlumberger ( SLB +0.4% ), RPC ([[RES] -2% ), Independence