Halliburton (HAL) warns of weaker Q4 earnings - Brent Archer

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Halliburton (HAL) warns of weaker Q4 earnings
Nov 25, 2009 05:50 PM UTC

Brent Archer

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Filed under: Forecasts, Bad news, Halliburton (HAL), Options, Technical Analysis, Oil

Halliburton (HAL - option chain) stock is trading lower after the company said Tuesday that reduced activity by major Mexican customer Petroleos Mexicanos will reduce HAL's Q4 EPS by 2 cents. Analysts previously had expected 0.28 EPS from HAL in the fourth quarter. If you think this stock won't be rising too far in the coming months, then it could be a good time to look at a bearish hedged play on HAL.

Wednesday, HAL opened at $29.95. In early trading, the stock hit a high of $30.05 and a low of $29.30. As of 11:10, HAL was trading at $29.76, down $0.70 (-2.3%). The chart for HAL looks neutral and S&P gives HAL a neutral 3 STARS (out of 5) hold ranking.

Continue reading Halliburton (HAL) warns of weaker Q4 earnings

Halliburton (HAL) warns of weaker Q4 earnings originally appeared on BloggingStocks on Wed, 25 Nov 2009 12:50:00 EST. Please see our terms for use of feeds.

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