Equity Research on Baker Hughes Inc. and Halliburton Co. - Oil & Gas Equipment & Services Facing Choppy Times
(firmenpresse) - NEW YORK, NY -- (Marketwire) -- 10/22/12 -- For companies in the oil & gas equipment & services, such as Baker Hughes Inc. and Halliburton Company, a number of headwinds are currently threatening to put a damper on sales. A slowdown in the global economy does not bode well, as with it could come a decrease in energy demand. The industry is also dealing with a decrease in the U.S. rig count, which is also a concern. Get your free reports on and at . There is no commitment to join.
has a handpicked team of market professionals with over 100 years of combined investing experience. Today they are providing members comprehensive research on the Oil & Gas Equipment & Services industry and are offering free analytical research on (NYSE: BHI) and (NYSE: HAL). Register with us now to have free access to these research reports. Simply click on the link below.
Another issue facing the industry and companies like Baker Hughes and Halliburton is oversupply. Several companies in the industry ordered large amounts of equipment leading up to and during the natural gas boom in the U.S., but with many companies cutting back on production due to low natural gas prices, supply is outstripping demand.
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With earnings season in full swing, interested investors have been able to get a better understanding of individual company performances. Halliburton recently reported its 3rd quarter results, with profits falling by 12% when compared to the same period last year. report is accessible for free by registering today at
Baker Hughes announced its results for the third quarter on October 19, 2012. The company reported third-quarter net income of $255 million, or $0.59 per share, compared with net income of $55 million, or $0.18 per share reported in the third quarter of 2009. report is accessible for free by registering today at
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