November 26, 2016
By Trent Williams
...Halliburton (NYSE:HAL) (click here) last issued its quarterly earnings results on Wednesday, October 19th. The oilfield services company reported $0.01 EPS for the quarter, beating the Zacks’ consensus estimate of ($0.07) by $0.08. The business had revenue of $3.83 billion for the quarter, compared to analysts’ expectations of $3.87 billion. Halliburton had a negative net margin of 33.29% and a positive return on equity of 1.82%. The business’s quarterly revenue was down 31.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.31 earnings per share. Equities research analysts anticipate that Halliburton Co. will post ($0.05) earnings per share for the current year....
This is Halliburton, the (oil) field energy company and not KBR. The two entities of the company split a few years ago.
As I read through this assessment, there is a lot of weakness in this company now. The industry itself has become weakened. Most analysis states the petroleum industry will never see the prices that spawned the TransCanada dreamscape.
The entire idea of tar sands being profitable is an extremely bad analysis. The processing of tar sands is extremely energy intensive and the oil that is garnered is not worth the cost to produce it.
This is old technology that is being 'handled' in the financial sector, but, I hear 'garage sale' when I read this. The end of Halliburton as a sincere investment is not yet set for any particular quarter, but, it is coming. It seems obvious to me.
If the petroleum industry is phasing out, then coal mining (soft mining) is most likely ahead of the oil decline. It has been and will probably continue with that momentum.
