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MarketScreener Homepage  >  Equities  >  Nyse  >  Halliburton Company    HAL

HALLIBURTON COMPANY

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Halliburton : Misses Revenue Target As North American Business Weakens

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07/22/2019 | 07:25am EDT

By Micah Maidenberg

Halliburton said revenue from its business in North America fell in the latest quarter.

North American revenue for the second quarter dropped 13% to $3.33 billion from the year-earlier period, the oilfield-services company reported Monday.

Overall, Halliburton reported revenue of $5.93 billion, down about 4% compared with last year. Analysts polled by FactSet predicted $5.97 billion.

Oilfield-services companies face a challenge as U.S. shale drillers look to cut spending amid a production slowdown. Facing pressure from investors, producers have been looking to focus more on returns and less on growth.

Last Friday, Schlumberger estimated that U.S. shale drills have cut spending this year by 10%.

Halliburton reported a second-quarter profit of $75 million, or nine cents a share, down from $511 million, or 58 cents a share, a year earlier.

Excluding impairments and after other adjustments, Halliburton reported a profit of 35 cents a share, five cents more than expectations.

Houston-based Halliburton said revenue from other international markets rose 13% to $2.6 billion.

Write to Micah Maidenberg at micah.maidenberg@wsj.com

Stocks mentioned in the article
ChangeLast1st jan.
HALLIBURTON COMPANY 3.40% 18.87 Delayed Quote.-29.01%
SCHLUMBERGER NV 3.38% 32.72 Delayed Quote.-12.28%
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Financials (USD)
Sales 2019 23 473 M
EBIT 2019 2 152 M
Net income 2019 946 M
Debt 2019 8 155 M
Yield 2019 3,87%
P/E ratio 2019 17,0x
P/E ratio 2020 10,2x
EV / Sales2019 1,05x
EV / Sales2020 0,97x
Capitalization 16 529 M
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Mean consensus BUY
Number of Analysts 33
Average target price 32,44  $
Last Close Price 18,87  $
Spread / Highest target 128%
Spread / Average Target 71,9%
Spread / Lowest Target 27,2%
EPS Revisions
Managers
NameTitle
Jeffrey Allen Miller Chairman, President & Chief Executive Officer
Lance Loeffler Chief Financial Officer & Executive Vice President
J. Landis Martin Lead Independent Director
James R. Boyd Independent Director
Alan M. Bennett Independent Director
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