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HAL

Halliburton

$18.13

-0.13 (-0.71%)

14:15
10/09/19
10/09
14:15
10/09/19
14:15

Halliubrton to slash 650 jobs in U.S. amid oilfield slowdown, Reuters says

Halliburton said it intends to cut 650 positions across Colorado, Wyoming, New Mexico and North Dakota amid slowing oil and gas activity, Reuters' Liz Hampton reports. The company and its rivals that provide drilling equipment and services have taken a hit this year due to reduced spending by oil and gas producers amid weak prices, Hampton notes. "Making this decision was not easy, nor taken lightly, but unfortunately it was necessary as we work to align our operations to reduced customer activity," Halliburton spokeswoman Emily Mir told Reuters by email. Reference Link

  • 21

    Oct

  • 13

    Nov

HAL Halliburton
$18.13

-0.13 (-0.71%)

09/16/19
LEHM
09/16/19
DOWNGRADE
Target $23
LEHM
Equal Weight
Barclays downgrades Halliburton, sees only 'modest' upside to shares
Barclays analyst J. David Anderson downgraded Halliburton to Equal Weight from Overweight and lowered his price target for the shares to $23 from $31. The analyst, who appreciates Halliburton's efforts to re-think its business by implementing a new returns-focused playbook for North America, sees "only modest upside" to the shares after revising his estimates lower. Few exploration and production companies have announced budgets for next year, but the focus on capital discipline and free cash flow "will only intensify," keeping the pressure on the U.S. onshore oilfield services market, Anderson tells investors in a research note.
09/16/19
LEHM
09/16/19
DOWNGRADE
Target $23
LEHM
Equal Weight
Barclays downgrades Halliburton, sees only 'modest' upside to shares
Barclays analyst J. David Anderson downgraded Halliburton to Equal Weight from Overweight and lowered his price target for the shares to $23 from $31. The analyst, who appreciates Halliburton's efforts to re-think its business by implementing a new returns-focused playbook for North America, sees "only modest upside" to the shares after revising his estimates lower. Few exploration and production companies have announced budgets for next year, but the focus on capital discipline and free cash flow "will only intensify," keeping the pressure on the U.S. onshore oilfield services market, Anderson tells investors in a research note.
09/16/19
SBSH
09/16/19
NO CHANGE
SBSH
Nabors, Schlumberger, Halliburton have material operations in Saudi, says Citi
Following the attacks on Saudi Arabia, Citi analyst Scott Gruber expects "most if not all" of the Upstream Energy complex could see an uplift. However, Nabors Industries (NBR), Schlumberger (SLB), Halliburton (HAL) and Valaris (VAL) have material operations in Saudi and could see activity slow given the magnitude of the outage, Gruber tells investors in a research note.
09/16/19
09/16/19
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Halliburton (HAL) downgraded to Equal Weight from Overweight at Barclays with analyst J. David Anderson saying he sees "only modest upside" to the shares after revising his estimates lower. 2. Aurora Cannabis (ACB) downgraded to Sell from Hold at Stifel with analyst W. Andrew Carter saying he sees "meaningful downside" from current share levels following the company's "disappointing" Q4 earnings release. 3. HP Inc. (HPQ) downgraded to Neutral from Buy at UBS with analyst John Roy saying he points to downside risk for the company's flat expectations in its printing supplies business amid low visibility and uncertain macro backdrop. Roy further believes that HP's PC margin would decline by more than consensus as the company passes through the component price declines and the sales mix shift away from commercial. 4. Dick's Sporting (DKS) downgraded to Market Perform from Outperform at Wells Fargo with analyst Tom Nikic saying now that Dick's has returned to positive comps and the stock has re-rated, the risk/reward is more evenly balanced. 5. JPMorgan (JPM) downgraded to Neutral from Buy at Buckingham with analyst James Mitchell citing valuation. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

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CNC

Centene

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-0.28 (-0.57%)

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D

Dominion

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0.29 (0.35%)

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BA

Boeing

$345.52

8.07 (2.39%)

11:02
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BA

Boeing

$345.79

8.34 (2.47%)

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  • 23

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MMM

3M

$166.93

-0.63 (-0.38%)

10:55
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3M put volume heavy and directionally bearish »

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  • 24

    Oct

GLOG

GasLog

$14.29

0.325 (2.33%)

, GLOP

GasLog Partners

$20.24

0.35 (1.76%)

10:55
10/23/19
10/23
10:55
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10:55
Conference/Events
Deutsche Bank shipping analyst to hold analyst/industry conference call »

Analysts, along with…

GLOG

GasLog

$14.29

0.325 (2.33%)

GLOP

GasLog Partners

$20.24

0.35 (1.76%)

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  • 23

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  • 06

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BA

Boeing

$346.26

8.81 (2.61%)

10:54
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  • 23

    Oct

BA

Boeing

$346.90

9.45 (2.80%)

10:53
10/23/19
10/23
10:53
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10:53
Hot Stocks
Breaking Hot Stocks news story on Boeing »

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  • 23

    Oct

FCX

Freeport McMoRan

$9.98

0.06 (0.60%)

10:51
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  • 23

    Oct

BA

Boeing

$347.23

9.78 (2.90%)

10:50
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10:50
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10:50
Hot Stocks
Breaking Hot Stocks news story on Boeing »

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  • 23

    Oct

UXIN

Uxin

$2.68

-0.04 (-1.47%)

10:47
10/23/19
10/23
10:47
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10:47
Downgrade
Uxin rating change  »

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BA

Boeing

$348.24

10.79 (3.20%)

10:43
10/23/19
10/23
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Hot Stocks
Boeing CEO says may consider further 737 rate reductions, line shutdown »

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  • 23

    Oct

BA

Boeing

$348.52

11.07 (3.28%)

10:41
10/23/19
10/23
10:41
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10:41
Hot Stocks
Boeing expects to maintain current production rate for 737 MAX »

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  • 23

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KRE

SPDR S&P Regional Banking ETF

$53.96

-0.2 (-0.37%)

10:40
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Options
Size put spread in Regional Banking ETF rolls long puts to higher strike »

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10:40
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Energy Action: WTI crude »

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BA

Boeing

$349.46

12.01 (3.56%)

10:37
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  • 23

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BA

Boeing

$349.60

12.15 (3.60%)

10:36
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  • 23

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BA

Boeing

$349.40

11.95 (3.54%)

10:35
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Hot Stocks
Breaking Hot Stocks news story on Boeing »

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  • 23

    Oct

HOG

Harley-Davidson

$39.46

-0.57 (-1.42%)

10:35
10/23/19
10/23
10:35
10/23/19
10:35
Options
Harley Davidson put volume heavy and directionally bearish »

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10:35
10/23/19
10/23
10:35
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10:35
General news
FX Action: USD-CAD »

FX Action: USD-CAD has…

BA

Boeing

$349.81

12.36 (3.66%)

10:35
10/23/19
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10:35
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Boeing says has conducted more than 800 tests in production flights »

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  • 23

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BA

Boeing

$349.65

12.2 (3.62%)

10:34
10/23/19
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  • 23

    Oct

BA

Boeing

$349.52

12.07 (3.58%)

10:33
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  • 23

    Oct

USO

United States Oil Fund

$11.37

0.025 (0.22%)

10:30
10/23/19
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General news
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