After Poor 3Q Results, Halliburton Shares Finally Trading in Line with our FVE
After Halliburton shares sank 3% following disappointing third-quarter results, the company is now finally trading in line with our fair value estimate of $36 per share, which remains unchanged after the results. This marks the fulfillment (for now) of our long-held bearish view on the company--just five months ago, Halliburton shares looked astonishingly almost 50% overvalued to us. Since then, shares have tumbled as the market has recalibrated its expectations of the company’s U.S. shale-focus...Halliburton assists its customers throughout the lifecycle of the reservoir, from locating hydrocarbons and managing geological data, to drilling and formation evaluation, well construction and completion and optimizing production throughout the life of the asset. The company's segments are: Completion and Production, which delivers cementing, stimulation, intervention, pressure control, specialty chemicals, artificial lift and completion products and services; and Drilling and Evaluation, which provides field and reservoir modeling, drilling, evaluation and wellbore placement solutions that enable customers to model, measure, drill and optimize their well construction activities.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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