Halliburton Wins Bundled Deepwater Well Construction and Completions Contract
HAL sits 64% above its 52-week low of $21.46.
Summary
Halliburton has been awarded a bundled deepwater well construction and completions contract. The award adds to a series of recent international and offshore wins, including the Granmorgu deepwater project and Saudi Aramco unconventional gas program. Deepwater contracts typically carry higher margins and longer durations, supporting the company's international growth strategy. No financial terms were disclosed, but the contract reinforces Halliburton's position in the deepwater market. The announcement follows strong Q2 results with revenue of $5.7 billion and adjusted EPS of $0.55.
At the time of this announcement, HAL was trading at $35.24 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $29.2B. The 52-week trading range was $21.46 to $43.59. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Dow Jones Newswires.