Halliburton Company (HAL) 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; completion tools that offer downhole solutions and services, including well completion products and services, intelligent well completions, and service tools, as well as liner hanger, sand control, and multilateral systems; production solutions comprising coiled tubing, hydraulic workover units, downhole tools, and pumping and nitrogen services; and pipeline and process services, such as pre-commissioning, commissioning, maintenance, and decommissioning. This segment also provides electrical submersible pumps, as well as artificial lift services.
The Drilling and Evaluation segment offers drilling fluid systems, performance additives, completion fluids, solids control, specialized testing equipment, and waste management services; oilfield completion, production, and downstream water and process treatment chemicals and services; drilling systems and services; wireline and perforating services consists of open-hole logging, and cased-hole and slickline; and drill bits and services comprising roller cone rock bits, fixed cutter bits, hole enlargement, and related downhole tools and services, as well as coring equipment and services.
On July 19th, HAL reported earnings of $0.77 per share on revenue of $5.80 billion for the second quarter ended June 2023. The consensus earnings estimate was $0.75 per share on revenue of $5.87 billion. Shares have formed a bullish "cup and handle" and higher share prices are expected.
Entry Point: $40.40
Stop Loss: $38.40
Trading Range: $23.30 to $43.42
Target Price: $45.00