Market Update: Halliburton Company (NYSE:HAL) – Halliburton reports $148 mln loss from Venezuela operations
July 20, 2016 at 11:14 AM EDT
[Reuters] – Oil services provider Halliburton Co on Wednesday reported a $148 million loss as a result of accepting a promissory note in exchange for unpaid invoices linked to Venezuela operations. Venezuelan state oil company PDVSA has built up more than $19 billion in debts to providers as it struggles with low oil prices and a decaying socialist economy, leading some leading service companies to slow operations. PDVSA President Eulogio del Pino has said the company was discussing financing agreements with Halliburton, Weatherford International Plc and Schlumberger NV and was in talks to securitize provider debts. Read more on this. , currently valued at $recting to http://finance.ya, ended trading at $. During the trading session, HAL traded between $ with a trailing 52-week range being $. Priced at x this year’s forecasted earnings, HAL shares are relatively inexpensive compared to the industry’s x forward p/e ratio. In a review of the consensus earnings estimate this quarter, 0 sell-side analysts are looking at $ per share, which would be $0.00 worse than the year-ago quarter and a $0.00 sequential decrease. Furthermore, our analysis shows the full-year EPS estimate to be $, which would be a $0.00 worse when compared to the last year’s annual results. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $0.00 . If realized, that would be a 0.00% decrease over the year-ago quarter. More recently, d HAL from to (/fi). Previously, d HAL from to . The average price target for HAL shares by the analysts covering it is $, which is 0.00% below where the stock opened. See more in (NYSE:HAL) Similar Articles: Market Update: Halliburton Company (NYSE:HAL) – U.S. Justice Dept will sue to stop Halliburton, Baker Hughes merger – source Market Update: Halliburton Company (NYSE:HAL) – U.S. sues ValueAct over Halliburton-Baker Hughes deal disclosures Market Update: Halliburton Company (NYSE:HAL) – Halliburton says no deal yet with regulators on size of asset sales