Independent research on the U.S. markets, Baptista Research

Baptista Research

Independent research on the U.S. markets

Baptista Research is an independent financial research house focused on the U.S. markets. We provide equity research as well as credit research reports on the top-listed U.S. companies with most of our focus on technology, consumer goods and services, automobiles, industrials, oil and gas, pharma, and healthcare. Our research has served more than 3000 institutional investors including mutual funds, hedge funds, banks, family offices, and various buy-side firms. We operate a research subscription service where institutions, as well as retail investors, can have priority access to all our research. We also have a wide distribution of our research reports across some of the top global financial platforms. Apart from equity research and credit research, we also provide advisory services with respect to mergers & acquisitions (M&A), private equity/ venture capital fundraising, valuation reports, and investment management services for corporates.
Baptista Research is owned and managed by Ishan Majumdar, an ex-Venture Capitalist/ Investment Banker, a Chartered Accountant, and a Masters’ degree holder in Management from HEC Paris. Ishan has nearly a decade of experience in Mergers and Acquisitions, Leveraged Buyouts (LBOs), Venture Capital Investing, Corporate Strategy, and Valuation in front-office roles at the likes of BNP Paribas CIB, Credit Agricole CIB, Groupe Danone, and TIW Private Equity. He has worked on and closed multiple acquisition deals, leveraged buyouts, and start-up investment transactions.

Equity Bottom-Up

<ul><li>Halliburton, one of the largest oilfield services companies globally, recently held its first-quarter 2024 conference call that demonstrated robust performance.</li><li>The company delivered a total revenue of $5.8 billion and an operating margin of 17%.</li><li>Both divisions showcased improvement in margin year-over-year.</li></ul>

Halliburton, one of the largest oilfield services companies globally, recently held its first-quarter 2024 conference call that demonstrated robust performance.The company delivered a total revenue of $5.8 billion and an operating margin of 17%.Both divisions showcased improvement in margin year-over-year.

Halliburton Company: A Tale Of Technological Innovation & A New Acquisition! - Major Drivers

<ul><li>Halliburton Company in its fourth quarter 2023 earnings call reported a strong year with both its divisions, completion and production, and drilling and evaluation achieving their highest operating margins in over a decade.</li><li>The company generated full-year total company revenue of $23 billion, a 13% increase year-over-year, and operating income of $4.1 billion, an increase of 33% compared to 2022 adjusted operating income.</li><li>International business grew robustly with revenue up 17% year on-year despite the company's exit from Russia in August of 2022.</li></ul>

Halliburton Company in its fourth quarter 2023 earnings call reported a strong year with both its divisions, completion and production, and drilling and evaluation achieving their highest operating margins in over a decade.The company generated full-year total company revenue of $23 billion, a 13% increase year-over-year, and operating income of $4.1 billion, an increase of 33% compared to 2022 adjusted operating income.International business grew robustly with revenue up 17% year on-year despite the company's exit from Russia in August of 2022.

Halliburton Company: Will The Recent Technology Advancements Become Their Biggest Growth Catalyst? - Major Drivers

<ul><li>This is our first report on oilfield service major, Halliburton Company.</li><li>The company delivered a mixed set of results for the previous quarter with revenues well below analyst expectations but managed an earnings beat.</li><li>As Halliburton capitalizes on this extended upcycle, its strategic execution reaffirms its trajectory of sustained success in the oilfield services sector.</li></ul>

This is our first report on oilfield service major, Halliburton Company.The company delivered a mixed set of results for the previous quarter with revenues well below analyst expectations but managed an earnings beat.As Halliburton capitalizes on this extended upcycle, its strategic execution reaffirms its trajectory of sustained success in the oilfield services sector.

Halliburton Company.: Initiation of Coverage – Business Strategy

Amareos

Federico Bagiotti, CFA

In our first research note on Halliburton, published last November<a href="#_ftn1" target="_blank">[1]</a> after Q3-17 earnings results, we argued that our crowd-sourced sentiment indicators suggested that the outlook for the stock was becoming increasingly constructive. This view has been validated by subsequent price action.Between early November and the recent market peak the stock gained more than 25%. Even allowing for the recent pullback, the stock remains 12% higher than the level it was at when we published the note, a…

In our first research note on Halliburton, published last November[1] after Q3-17 earnings results, we argued that our crowd-sourced sentiment indicators suggested that the outlook for the stock was becoming increasingly constructive. This view has been validated by subsequent price action.Between early November and the recent market peak the stock gained more than 25%. Even allowing for the recent pullback, the stock remains 12% higher than the level it was at when we published the note, a…

Two weeks ago, Halliburton announced its Q3 results, beating estimates both at revenue and earnings level. Commenting on the results, Jeff Miller, Halliburton’s President and CEO remarked,“We had a strong quarter and I am very pleased with our results. Our North American business is hitting on all cylinders and our international business proved resilient in a challenging environment. These results demonstrate why Halliburton is the execution company.” Just two months earlier, the Company…

Two weeks ago, Halliburton announced its Q3 results, beating estimates both at revenue and earnings level. Commenting on the results, Jeff Miller, Halliburton’s President and CEO remarked,“We had a strong quarter and I am very pleased with our results. Our North American business is hitting on all cylinders and our international business proved resilient in a challenging environment. These results demonstrate why Halliburton is the execution company.” Just two months earlier, the Company…

United States

Halliburton Company provides energy services and engineering and construction services, as well as manufactures products for the energy industry.  The Company offers services and products and integrated solutions to customers in the exploration, development, and production of oil and natural gas.

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Halliburton Co (HAL US)

Halliburton Company: A Tale Of Technological Innovation & A New Acquisition! - Major Drivers

Halliburton, one of the largest oilfield services companies globally, recently held its first-quarter 2024 conference call that demonstrated...

Baptista Research

Halliburton Company: Will The Recent Technology Advancements Become Their Biggest Growth Catalyst? - Major Drivers

Halliburton Company in its fourth quarter 2023 earnings call reported a strong year with both its divisions, completion and production, and...

Baptista Research

Halliburton Company.: Initiation of Coverage – Business Strategy

This is our first report on oilfield service major, Halliburton Company. The company delivered a mixed set of results for the previous quarter...

Baptista Research

Halliburton: Do We Still Like It?

In our first research note on Halliburton, published last November[1] after Q3-17 earnings results, we argued that our crowd-sourced sentiment...

Amareos

Halliburton: Ripe For A Rebound

Two weeks ago, Halliburton announced its Q3 results, beating estimates both at revenue and earnings level. Commenting on the results, Jeff Miller,...

Amareos

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