Halliburton (HAL) closed at $32.85, down 1.62% in the latest session. The drilling services provider is expected to report Q3 2026 earnings on October 20 with an EPS of $0.58 and revenue of $5.59 billion. The company holds a Zacks Rank #3 (Hold) rating and trades at a Forward P/E of 14.26, below the industry average of...
Zacks Research Daily features analysis of 16 major stocks on September 21, 2026. Procter & Gamble shows outperformance but faces margin pressures from input costs and slower growth in key regions. SanDisk benefits from AI inference demand and enterprise SSD needs but faces supply and pricing risks. Analog Devices gains...
Liberty Energy (LBRT) surged 79.1% over the past year, outperforming peers and the broader energy sector. While the company's expansion into distributed power generation (targeting 3 GW by 2029) and technology-driven completions business offer growth potential, weakening profitability, rising capital expenditures...
Halliburton (HAL) rose 2.26% to $37.63, outperforming the S&P 500's 0.46% gain. The company has gained 13.72% prior to today's trading. Earnings per share are projected at $0.58 with no year-over-year change, while quarterly revenue is expected to decline 0.13%. Halliburton holds a Zacks Rank #3 (Hold) with a Forward...
The U.S. government has secured a major agreement with Venezuela granting access to 65 billion barrels of proven oil reserves through 100-year concessions across 17 oilfields. Chevron is positioned as the primary immediate beneficiary with plans to boost Venezuelan crude production by up to 50%, while oilfield services...
Chevron is reportedly close to acquiring two heavy-oil fields in Venezuela, while Halliburton discusses equipment and services deals as the Trump administration pushes U.S. energy companies to rebuild Venezuela's oil production. The deals could bring billions in investment to develop undeveloped fields, though...
Deep Isolation Nuclear appointed Jon Tedrick as Technology Demonstration Lead to oversee field execution of its deep borehole disposal demonstration project in Cameron, Texas. The company received up to $20 million in funding from the U.S. Department of Energy's ARPA-E SCALEUP Ready program to support testing and...
Schlumberger (SLB) reported a difficult Q1 2026 with declining organic revenue, compressed margins, and lower earnings due to Middle East disruptions. However, the company's digital business grew 9% YOY to $640M quarterly revenue, expanded its NVIDIA partnership for AI industrialization, and continued shareholder...
Equinor (EQNR) shares rose 2.29% in premarket trading on Monday, supported by strength in the energy sector. The company extended key drilling and well service contracts valued at approximately $1.4 billion to maintain stable production through 2035. The stock is trading near the upper end of its 52-week range with...
Greenland Energy (NASDAQ:GLND) shares rose 1.19% in premarket trading Thursday following the company's announcement of advancing its Arctic exploration strategy. The company is targeting Greenland's Jameson Land Basin with plans to drill two wells in 2026, aiming for up to 70% working interest in a project estimated to...
The U.S. Navy could take six months to clear sea mines from the Strait of Hormuz, meaning oil prices will likely remain elevated through the end of 2026 even if a peace deal is reached soon. This extended closure will boost oil company profitability and drive increased drilling activity in North America, benefiting...
Halliburton reported Q1 2026 results beating expectations with adjusted EPS of 55 cents and revenue of $5.40 billion. The company signaled early recovery in North America with improving frac capacity and spot demand, while managing Middle East disruptions. Goldman Sachs raised its price target to $44, implying 20%...
The S&P 500 fell 0.24% on Monday to 7,109.14 due to escalating U.S.-Iran tensions, including a seized Iranian cargo ship and expired ceasefire. Oil prices jumped over 5% on supply concerns. However, S&P 500 futures rose 0.18% early Tuesday, with Polymarket showing 68% odds of an up opening. Key earnings and retail...
Iran's Foreign Minister announced the Strait of Hormuz is fully open to all commercial vessels during the ceasefire, causing crude oil to plunge 14% to $81/barrel. Airlines and cruise lines surged as fuel costs declined, while energy and chemical companies fell sharply. The S&P 500 reached record highs with the Nasdaq...
Amid Middle East geopolitical tensions affecting global oil supply, Halliburton is strategically positioning itself in Argentina's Vaca Muerta shale formation through a multi-billion dollar contract with YPF. The partnership leverages Halliburton's next-generation ZEUS electric fracturing technology, offering reduced...
Valaris secured a 1,064-day contract extension with Petrobras for the drillship DS-4, adding approximately $447 million to its contract backlog starting November 2027. The company also partnered with PETRONAS Suriname and Halliburton to develop offshore assets in Suriname. Despite these positive developments, Valaris...
Halliburton announced the acquisition of Sekal AS, a digital drilling automation firm owned by Sumitomo Corporation, to expand its automation capabilities and integrate drilling technologies. The deal aims to reduce well delivery times by up to 25%. Despite the strategic acquisition, Halliburton shares fell 2.06% on...
Halliburton announced the industry's first fully automated geological well placement offshore in Guyana in collaboration with Exxon Mobil, Sekal, and Noble. The closed-loop drilling system achieved a 15% improvement in completion time and 33% reduction in tripping operations. The stock outperformed its sector, gaining...
The global oil and gas wells drilling services market is projected to grow from $53.42 billion in 2026 to $61.38 billion by 2030, with a CAGR of 3.5%. Growth is driven by unconventional resource development, offshore expansion, and technological advancements including directional drilling and automation. Major players...
Exxon Mobil and energy stocks surged on March 2, 2026, as escalating U.S.-Iran military conflict near the Strait of Hormuz sent crude oil prices sharply higher. Brent crude jumped 13% to $82.37/barrel and WTI climbed over 12% to $75.33, with analysts warning prices could reach $100+ if disruptions persist. Exxon rose...
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