Halliburton Company (NYSE:HAL) reports better-than-expected revenues and earnings for the quarter. The stock of price is up over 3.5% in the first hour of trading due to the favourable results Halliburton Company (NYSE:HAL) shares after opening at $62.82 moved to $63.65 on last trade day and at the end of the day closed at $63.38. Company price to sales ratio in past twelve months was calculated as 1.82 and price to cash ratio as 21.44. Halliburton Company (NYSE:HAL) showed a positive weekly performance of 7.28%.
Weatherford International Ltd (NYSE:WFT) an oilfield services company, said it plans to move its legal domicile to Ireland from Switzerland and remove its shares from trading on the Swiss stock exchange in Zurich. Weatherford International Ltd (NYSE:WFT) shares advanced 0.66% in last trading session and ended the day on $18.37. WFT return on equity ratio is recorded as -4.10% and its return on assets is -1.50%. Weatherford International Ltd (NYSE:WFT) yearly performance is 49.96%.
Norway-based Aker Solutions and US-based Baker Hughes Incorporated (NYSE:BHI) have agreed to form an alliance to develop technology for production solutions that will boost output, increase recovery rates and reduce costs for subsea fields. Baker Hughes Incorporated (NYSE:BHI) shares moved down -0.09% in last trading session and was closed at $70.19, while trading in range of $69.82 – $70.82. Baker Hughes Incorporated (NYSE:BHI) year to date (YTD) performance is 27.36%.
Oilfield services providers Schlumberger Ltd (NYSE:SLB) and Baker Hughes Inc. each posted better-than-expected quarterly profit on 17 April, though they said pockets of weakness loom in Brazil, Canada, Russia and other drilling regions. Schlumberger Limited. (NYSE:SLB) weekly performance is 3.60%. On last trading day company shares ended up $102.03. Schlumberger Limited. (NYSE:SLB) distance from 50-day simple moving average (SMA50) is 8.71%. Analysts mean target price for the company is $112.21.