Halliburton (NYSE:HAL) shares are trending lower today after the energy services provider posted second-quarter numbers. Revenue rose 14.4% year-over-year to $5.8 billion and was largely in line with estimates. EPS at $0.77 too managed to land past expectations by $0.02.
While operating income rose by 41%, free cash flow for the quarter stood at $798 million. Further, both the Completion & Production and Drilling and Evaluation segments clocked a 2% sequential revenue growth.
Nonetheless, investors were disappointed after North America segment revenue dropped 2% sequentially to $2.7 billion primarily due to lower stimulation activity in the U.S. Revenue from the international segment, on the other hand, increased by 7% sequentially to $3.1 billion.
Overall, the Street has a $45.63 consensus price target on Halliburton alongside a Strong Buy consensus rating. Shares of the company have gained nearly 20% over the past month alone.
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