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[1/2] The company logo of Halliburton oilfield services corporate offices is seen in Houston, Texas April 6, 2012. REUTERS/Richard Carson/File Photo Acquire Licensing RightsOct 24 (Reuters) - Halliburton's (HAL.N) third-quarter profit beat market expectations on Tuesday as higher international drilling and equipment demand helped overcome weakness in North America. Against this backdrop, we expect continued demand growth for oilfield services in 2024 and beyond," CEO Jeff Miller said. The company and its rival Baker Hughes (BKR.O) had in July warned of weakening North America oilfield activity. Larger rival SLB (SLB.N) on Friday beat third-quarter estimates on strong global oil drilling activity, but was hurt by North American weakness.
Persons: Richard Carson, Jeff Miller, Halliburton, Baker Hughes, Keith Mackey, Arunima Kumar, Arun Koyyur Organizations: Halliburton, REUTERS, Gulf of Mexico . Energy, HAL, RBC Capital, Thomson Locations: Houston , Texas, North America, Ukraine, Gulf of Mexico, America, Houston, Bengaluru
As Wall Street banks cut share price targets across the board this earnings season, only a handful of companies have bucked the trend, an analysis by CNBC Pro reveals. About 20 stocks emerged with a meaningfully higher price target of 5% or more compared to a month ago. Of these, only 13 still offer a potential upside of at least 5% to their current share price . The median price target for SLB represents a 13.5% upside potential, according to FactSet data. Loews Corp was excluded from the analysis as price targets or estimates were unavailable during the analysis.
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