Stocks in the News — week of April 21, 2014


Halliburton Reports First Quarter, and Fracking Joint Venture

(HAL, $62.41, up $1.51 midday)

Shares of Halliburton Company are up 2.5% today after reporting first quarter earnings which pleased Wall Street.  Earnings per share (EPS) came in at $0.73, slightly higher than the consensus $0.71.

The company commented that excess North American fracking capacity is tightening much more quickly than anticipated.

(For more company news, and financial outlook, see my StreetAuthority article from last week on oil service stocks.)

In other news today, SPT Energy Group has entered into a 51%-owned joint venture with Halliburton for fracture stimulation services in Xinjiang, China.  Morgan Stanley commented, “[W]e think it is highly likely that SPT and HAL will extend the cooperation scope from fracture stimulation to other services, such as drilling and well completion.  There is also good potential for the extension of geo-market from Xinjiang to other oil fields in China.”  The two companies have been working closely together since 2004.

Halliburton has potential legal liability for the Deepwater Horizon oil spill in the Gulf of Mexico.

Subscribe to Goodfellow LLC now to read additional comments from today about Halliburton’s fundamental & technical outlook, and my buy/hold/sell recommendation.

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Harley Davidson to Report 1Q on April 22

(HOG, $66.56, down $0.08 in early trading)

Motorcycle giant Harley Davidson Inc. is expected to report first quarter earnings of $1.09 per share on Tuesday, April 22, before the market opens.  The company produces motorcycles, parts, and accessories.  In the last six months, Harley has introduced four new motorcycle models, including a reprise of its classic Low Rider, first introduced in 1977.

I last wrote about motorcycle giant Harley on February 6, when the company increased its dividend and share repurchase plan.

Subscribe to Goodfellow LLC now to read additional comments about Harley-Davidson’s fundamental & technical outlook, and my buy/hold/sell recommendation.

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