On Friday, Shares of Weatherford International plc (NYSE:WFT), lost -1.18% to $12.51, as both WTI and Brent crude prices slip to trade in the red.
Crude futures ended little changed on Friday after signs Greece might have a deal by the weekend to avoid a debt default, while Iran faced continued difficulty in securing an nuclear agreement to end sanctions on its oil exports, according to Fox Business.
Brent rose modestly after falling for two straight days.
But U.S. crude extended its downside after indications that the country’s oil rig count, a measure for future production, may start rising soon. Fox Business Reports.
Weatherford International public limited company provides equipment and services used in the drilling, evaluation, completion, production, and intervention of oil and natural gas wells worldwide.
Shares of Halliburton Company (NYSE:HAL), declined -0.87% to $43.12, during its last trading session.
A number of sell-side research firms covered Halliburton Company (NYSE:HAL) and offered projections on earnings and future stock movement. Analysts have a one year target price of 53.47 on the equity, on a Consensus basis. The company has a trailing twelve month EPS of 2.62. The consensus analyst estimates according to First Call for the next quarter is 0.29. The current year EPS estimate on the stock is 1.43 and the EPS estimate for next year sits at 1.88.
The company has been given a consensus recommendation of “Buy” by the thirty-four analysts that are covering the company, AnalystRatings.NET reports.
Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and twenty-two have issued a buy rating on the company.
Wall Street analysts have a mean estimate for long-term growth of $13.52 on the stock. When looking at the three months ago number, they had a long-term growth mean estimate of $13.52 on the company.
Halliburton Company provides a range of services and products to the upstream oil and natural gas industry worldwide. The company operates through two segments, Completion and Production, and Drilling and Evaluation.
Finally, Seventy Seven Energy Inc. (NYSE:SSE), ended its last trade with -1.93% loss, and closed at $4.57.
Seventy Seven Energy, has planned to release its 2015 second quarter operational update and financial results before market open on Wednesday, July 29, 2015. A conference call to talk about the results has been planned for the same day at 9:00 a.m. CDT. The telephone number to access the conference call is U.S. toll-free 844-867-9749 and international 901-300-3300. The conference ID for the call is 73494373.
The conference call will also be webcast live on www.77nrg.com in the “investors” section. The webcast of the conference call will be accessible on the website for one year.
Seventy Seven Energy Inc. provides oilfield services in the United States. The company operates in four segments: Drilling, Hydraulic Fracturing, Oilfield Rentals, and Oilfield Trucking. The Drilling segment offers land drilling and drilling-related services, counting directional drilling for the oil and natural gas exploration and development activities.
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