1. Halliburton is an oil-field services company providing services and products for the exploration, development and production of oil and natural gas.
For the 2011 third quarter, HAL reported net income of $683 million, increasing from $544 million in the year-earlier quarter. Consolidated revenue improved to $6.5 billion from $4.6 billion in the same quarter the prior year. Operating performance was enhanced by better price realization and utilization in North America.
On operating performance, CEO Dave Lesar said: " Compared to the second quarter, our Completion and Production division grew revenue and operating income by 11% and 16%, respectively, and our Drilling and Evaluation division grew revenue and operating income by 9% and 14%, respectively."At the end of the quarter, cash balance was $1.8 billion. With a buy rating of 89% and upside potential of 54%, the stock looks a good bet over the next year. It is trading at 10.7 times its estimated 2011 earnings. >>To see these stocks in action, visit the 7 Top-Rated Energy Stocks With Upside portfolio on Stockpickr.
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