HAL News and Press, Halliburton Company From 07/16/22

The market has been worried about Halliburton and companies similar to it as energy prices have pulled back from their highs and fears of a recession mount. Though that could impact the company in the near term, the overall fundamental picture of the business is robust. Shares are...

STEP Energy Services specializes in high-performance fracturing and coiled tubing in Canada and the U.S. This OFS player has experienced a robust recovery in equipment utilization and day rate appreciation, thanks to a tightening OFS market in North America. Business is expected t...

ChampionX ( NASDAQ: CHX ) +4.3% and TechnipFMC ( NYSE: FTI ) +2.1% in Friday's trading, as Bank of America upgrades shares of both oilfield services companies to Buy from Neutral with respective $22 and $8 price targets, as part of a ratings reshuffle p...

After a summer lull, earnings season accelerates into mid-July with a spate of reports from some of the world’s most high-profile companies. This includes two big names tied to Elon Musk -- Tesla ( NASDAQ: TSLA ) and Twitter ( NYSE: TWTR ). The schedule also inclu...

Energy ( NYSEARCA: XLE ) is the biggest sector decliner by far in early trading in a broad stock market rout Thursday, with WTI August crude oil ( CL1:COM ) -4.3% at $92.11/bbl and September Brent crude ( CO1:COM ) -3.5% at $$96.10/bbl. Nine of the 15 biggest...

U.S. stocks tumbled on Tuesday as worries over global economic growth dented investor appetite for risk assets and Wall Street braced for June inflation data. The Dow Jones Industrials faded into the red 192.51 points to 30,981.33. The S&P 500 ditched 35.63 points to 3,818.80. ...

Energy sector has reversed dramatically, falling close to 25% since. The price of oil has pulled back significantly, which causes compression in gross margins for suppliers. Most industries will breathe a sigh of relief, but energy companies will be in the other camp. Up...

Following two price hikes in the past two quarters, DMC Global's gross margin made a considerable stride in Q1. Its newly added Arcadia segment has brought in the civic facilities, education, and healthcare end markets, which are typically countercyclical and have consistent demand. ...

Crude oil futures extended their losses on Wednesday following yesterday's brutal selloff, with Brent futures now joining WTI in dipping below $100/bbl amid ongoing worries about a recession that would hurt energy demand. August WTI crude ( CL1:COM ) -3.2% at $96.27/bb...

Saxo Bank analyst Ole Hansen said Wednesday that supply remains constrained in the oil market, meaning that a fall in demand is necessary to hold crude prices at these levels. "You can almost argue now that we almost need a small recession in order to balance the oil market, thereby jus...