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BKR - Halliburton: Solid Earnings But The Stock Is Overbought
Baker Hughes Company
Halliburton posted $3.860 billion in revenue for the third quarter of 2021, in line with expectations.
Halliburton Chief Executive Officer Jeff Miller sees "a multi-year upcycle unfolding. Structural global commodity tightness drives increased demand for our services, both internationally and in North America".
Halliburton shares touched a two-and-a-half-year high of $26.68 in yesterday's trading. Time to take profits.