Earnings on Watch: Halliburton Company (HAL)

Company Profile:

Halliburton Company is a provider of services and products to the upstream oil and natural gas industry. The Company operates operate under two divisions, which form the basis for its two operating segments: the Completion and Production segment, and the Drilling and Evaluation segment. The Company’s Completion and Production segment delivers cementing, stimulation, intervention, pressure control, specialty chemicals, artificial lift, and completion products and services. Production Enhancement services include stimulation services and sand control services. The Company’s Drilling and Evaluation segment provides field and reservoir modeling, drilling, evaluation, and precise wellbore placement solutions. The Company conducts its business in approximately 80 countries. Halliburton Company was founded in 1919 and is based in Houston, Texas.

Recent News:

Halliburton (HAL) will host a conference call on Monday, October 19, 2015, to discuss the third quarter 2015 financial results. The call will begin at 8:00 AM Central Time (9:00 AM Eastern Time).

Income from continuing operations for the second quarter of 2015 was $380 million, or $0.44 per diluted share, excluding special items. This compares to income from continuing operations for the first quarter of 2015 of $418 million, or $0.49 per diluted share, excluding special items.

On September 28, Halliburton Company (HAL) and Baker Hughes Incorporated (BHI) announced that the companies will market for sale additional businesses in connection with Halliburton’s pending acquisition of Baker Hughes.

 

Fundamental Analysis:

Ninestocks analyzes several different financial aspects: Growth, Profitability, solvency and efficiency.

Growth – Measures the growth of both the company’s income statement and cash flow.

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Profitability – Measures the historical price movement of the stock.

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Solvency – Measures the solvency of the company based on several ratios.

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Efficiency – Measures the strength and historic growth of a company’s return on invested capital.

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Conclusion:

HAL’s strengths can be seen in its better growth, better efficiency and strong profitability. Its revenue have increased over several years. Technical indicators signal the bullish signs, as there is a bullish cross in Stochastic Oscillator. RSI is increasing to 48.39. The current P/BV ratio indicates it is undervalued compared to the average P/BV ratio of the industry and the sector. We rate Halliburton Company (HAL) a Strong BUY.

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