ADVFN - Advanced Financial Network.
HOME» NYSE » H » HAL Stock Price » HAL Stock News

Halliburton Share News

 Halliburton Company Stock Price
HAL Stock Price
 Halliburton Company Stock Chart
HAL Stock Chart
 Halliburton Company Stock News
HAL Stock News
 Halliburton Company Company Information
HAL Company Information
 Halliburton Company Stock Trades
HAL Stock Trades

Halliburton: Rising Guar Gum Costs to Have Bigger Impact On North America Margins

By Nathalie Tadena Halliburton Co. (HAL) said its fiscal second quarter North America margins will be affected more than previously expected by a rise in the cost of guar gum. Shares of the oilfield-services company were recently up 1 cent at $29.13. The stock is off some 38% over the past 12 months. Halliburton noted the price of guar gum, which is used as a blending additive for the fluids utilized in hydraulic fracturing, have inflated more rapidly than the company had expected due to concerns over potential shortages later in the year. As a result, Halliburton said its North America margins will be affected 300 basis points more than its previous guidance of 200 to 250 basis points, for a total impact of 500 to 550 points lower than first-quarter levels. The company said these increased costs are transitory once new supplies are available in early 2013 and said it is looking to mitigate these costs in the second half of the year through "seeking relief from customers" and increased use of synthetic and other guar alternatives. Halliburton will release its results July 23. In April, Halliburton reported its first-quarter earnings rose 23% as it continued to benefit from the shift of rig activity to oil and liquids-rich basins even as natural-gas drilling declined. A drop in natural-gas prices has prompted many energy companies to abandon dry gas drilling and shift activity toward profitable oil-rich shale formations in North America. Halliburton is the top seller of North American hydraulic fracturing, or fracking, services, which crack open deeply buried oil-and-gas-bearing rocks, including shale. But the relocation of oilfield services toward these new areas has created some logistical and cost hurdles that have pressured the company's margins to 14.9% in the first quarter from 15.4% the year before. Fracking costs have risen even as demand for the service in natural-gas fields has declined. Write to Nathalie Tadena at nathalie.tadena@dowjones.com

Stock News for Halliburton (HAL)
DateTimeHeadline
05/27/201513:53:36Proration: Getting Your Fair Share of a Deal
05/27/201512:02:15Statement of Changes in Beneficial Ownership (4)
05/26/201516:01:24Supreme Court Sides With KBR, Halliburton on Lawsuit Time Limits...
05/26/201511:50:13Supreme Court Sides With KBR, Halliburton on Lawsuit Time Limits
05/26/201511:37:04Supreme Court Sides With KBR, Halliburton on Lawsuit Time Limits
05/22/201517:00:03Should You Follow Goldman Sachs Advice on Oil Stocks?
05/22/201513:30:43Current Report Filing (8-k)
05/21/201516:55:00Halliburton Annual Meeting of Stockholders and Dividend Declaration
05/20/201519:03:29BP Settles Deepwater Horizon Claims With Transocean, Halliburton...
05/20/201518:14:49BP Agrees to Settle Deepwater Horizon Claims With Transocean...
05/20/201517:00:08Halliburton, BP Agree to Settle Deepwater Horizon Claims
05/20/201516:53:07Halliburton, BP Agree to Settle Deepwater Horizon Claims
05/20/201516:00:00Halliburton Reaches Agreement with BP
05/20/201512:15:10What Is the S&P 500 Index?
05/17/201507:00:02How to Invest Money in Oil
05/14/201507:07:02Halliburton's Potential $10 Billion Asset Sale: 2 Stocks That...
05/13/201507:10:02How Foreign Exchange Risk Affects Oil Stocks
05/08/201517:45:00Halliburton 2015 Second Quarter Conference Call
05/07/201509:49:22Statement of Changes in Beneficial Ownership (4)
05/06/201519:01:02Why Shares of Halliburton Shot Up 11% in April

Halliburton and other New York Stock Exchange stock quotes are delayed by at least 20 minutes.
All other stock price data is delayed by at least 15 minutes unless otherwise stated.
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2007 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations

ADVFNADVFN ItalyADVFN GermanyADVFN FranceADVFN BrazilADVFN JapanADVFN UKADVFN US noad