Halliburton At A Disadvantage, Analyst Says: Schlumberger And Baker Hughes 'In Better Position'
Portfolio Pulse from Priya Nigam
Halliburton faces challenges due to a cyberattack and lower revenue diversification, leading to a downgrade by RBC Capital Markets. Analyst Keith Mackey downgraded Halliburton's rating and reduced its price target, citing its high revenue dependency on North America compared to peers Schlumberger and Baker Hughes.
September 13, 2024 | 4:16 pm
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NEGATIVE IMPACT
Halliburton downgraded by RBC Capital Markets due to a cyberattack and lower revenue diversification. Analyst sees potential revenue lag from 2024 to 2026.
The downgrade by RBC Capital Markets and the reduced price target are likely to negatively impact Halliburton's stock price in the short term. The cyberattack and lower revenue diversification compared to peers are significant concerns.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
Baker Hughes is considered in a better position than Halliburton due to its greater geographic and business diversity.
Baker Hughes' greater geographic and business diversity compared to Halliburton suggests a potential positive short-term impact on its stock price.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 50
POSITIVE IMPACT
Schlumberger is seen in a better position compared to Halliburton due to greater geographic and business diversity.
Schlumberger's greater geographic and business diversity positions it better than Halliburton, which could lead to a positive short-term impact on its stock price.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 50