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Halliburton stock (NYSE: HAL), an energy company organized into the exploration, development, and production of oil and natural gas, is scheduled to report its fiscal ...
We expect HAL’s stock to likely trade higher with revenues and earnings beating market expectations in its fourth quarter.
The stock is expected to continue its strong upward momentum in the coming days, derivatives analyst at SAMCO Securities Ashwin Ramani tells ETMarkets. On technical charts, HAL has been moving in higher highs and higher lows since November 23, 2023, he said.
With today's gains the stock has seen an unbeaten run for five sessions in a row gaining over 15%. The price action was supported by strong volumes with 41.31 lakh shares trading on the NSE around 3:10 pm.
In Q2 2023, HAL’s North American revenue fell 2% quarter-over-quarter to $2.7 billion, driven primarily by decreased stimulation activity in U.S. land drilling.