NEW YORK, September 18, 2015 /PRNewswire/ --
ACI Association has initiated research coverage on
Halliburton Company (NYSE: HAL). Select highlights from the
internally released reports are being made available to the general
public (included below), with access to the entirety of the
research available to new members.
Today, membership is open to readers on a complementary basis at
the following URL:
http://www.aciassociation.com/reports?keyword=HAL
Highlights from our HAL Report include:
- Second Quarter And First Half Results - On July 20, 2015, Halliburton Company announced its
financial results for the second quarter and first half of fiscal
2015. For the second quarter, the Company reported revenues of
$5,919 million with the corresponding
figure in Q2 FY14 being $8,051
million. Net income attributable to Company's shareholders
for Q2 FY15 came in at $54 million or
6 cents per share versus net income
of $774 million or 92 cents per share in the prior year period. For
the first half of the year, the Company reported revenues amounting
to $12,969 million vis-à-vis
$15,399 million reported in the
previous year period. Halliburton recorded a loss of $589 million during H1 FY15 as compared to
earnings of $1,396 million in the
prior year period.
- Regional Performance Highlights - In the Eastern
Hemisphere, the Company saw its revenues decline modestly compared
to Q1 FY15 with meaningful improvement in profitability in the
Europe/Africa/CIS region, due to activity
improvements in Eurasia and Norway, along with higher stimulation activity
and completion tools sales in both Algeria and Angola. In Latin
America, the Company experienced sequential revenue and
operating income declines driven by Venezuela which was primarily due to a
negative currency impact. In North
America, although the Company's revenues declined by 25%
sequentially, it outperformed the 40% decline in average rig
count.
- Management Commentary - Jeff Miller, President of the Company said, "We
expect the global markets will remain transitional, and in these
times, operational execution is an even more critical source of
differentiation. Our financial results reflect our strong execution
culture, and we remain focused on delivering reliable,
best-in-class service quality for our customers." Discussing the
Company strategy, Dave Lesar,
Chairman and CEO stated, "Our strategy remains consistent - we will
manage costs through the downturn, while looking beyond the cycle
to ensure that we will be positioned for growth when the industry
recovers. We continue to invest in technology, build capital
equipment, and prepare for our pending combination with Baker
Hughes. Our management team has a proven track record in navigating
through cycles, and we are confident that Halliburton will be
best-positioned to outperform in the recovery."
To find out how this influences our rating on Halliburton
Company read the full report in its entirety here:
http://www.aciassociation.com/reports?keyword=HAL
--
About ACI Association:
Active Charter Investors Association ("ACI Association")
produces regular sponsored and non-sponsored reports, articles,
stock market blogs, and popular investment newsletters covering
equities listed on NYSE and NASDAQ and micro-cap stocks. ACI
Association has two distinct and independent departments. One
department produces non-sponsored analyst certified content
generally in the form of press releases, articles and reports
covering equities listed on NYSE and NASDAQ and the other produces
sponsored content (in most cases not reviewed by a registered
analyst), which typically consists of compensated investment
newsletters, articles and reports covering listed stocks and
micro-caps. Such sponsored content is outside the scope of
procedures detailed below.
ACI Association has not been compensated; directly or
indirectly; for producing or publishing this document.
PRESS RELEASE PROCEDURES:
The non-sponsored content contained herein has been prepared by
a writer (the "Author") and is fact checked and reviewed by a third
party research service company (the "Reviewer"). Rohit Tuli, a CFA® charter holder (the
"Sponsor"), provides necessary guidance in preparing the document
templates. The Reviewer has reviewed and revised the content, as
necessary, based on sound investment judgment and publicly
available information which is believed to be reliable. The
Reviewer and the Sponsor have not performed any independent
investigations or forensic audits to validate the information
herein. Unless otherwise noted, any content outside of this
document has no association with the Author, the Reviewer, or the
Sponsor (collectively referred to as the "Production Team") in any
way. The Production Team is compensated on a fixed monthly basis
and do not hold any positions of interest in any of the securities
mentioned herein.
NO WARRANTY
ACI Association, the Author, the Reviewer and the Sponsor
(collectively referred to as the "Publishers") are not responsible
for any error which may be occasioned at the time of printing of
this document or any error, mistake or shortcoming. No liability is
accepted by the Publishers whatsoever for any direct, indirect or
consequential loss arising from the use of this document. The
Publishers expressly disclaim any fiduciary responsibility or
liability for any consequences, financial or otherwise arising from
any reliance placed on the information in this document.
Additionally, the Publishers do not (1) guarantee the accuracy,
timeliness, completeness or correct sequencing of the information,
or (2) warrant any results from use of the information. The
included information is subject to change without notice.
NOT AN OFFERING
This document is not intended as an offering, recommendation, or
a solicitation of an offer to buy or sell the securities mentioned
or discussed, and is to be used for informational purposes only.
Please read all associated disclosures and disclaimers in full
before investing. Neither ACI Association nor any party affiliated
with us is a registered investment adviser or broker-dealer with
any agency or in any jurisdiction whatsoever. To download our
report(s), read our disclosures, or for more information, visit
http://www.aciassociation.com/.
RESTRICTIONS
ACI Association is not available to residents of Belarus, Cuba, Canada,
Iran, North Korea, Sudan, Syria
or Somalia. Do not send email to
robottrap (at) aciassociation.com.
CFA® and Chartered Financial Analyst® are registered trademarks
owned by CFA Institute.
SOURCE www.aciassociation.com