Halliburton Co, the world’s No. 2 oilfield services provider, said its revenue growth this year would meet or outpace the increase in the number of drilling rigs in North America. However, Halliburton’s revenue growth in North America in the latest quarter lagged the increase in rig count, sending the company’s shares down as much as 4.5 percent to $53.93. “They are really kind of throwing some cold water on North America pricing picking up in the first half of the year,” Barclays analyst David Anderson said. The company’s fourth-quarter revenue from North America increased 9 percent compared with the previous quarter, while the average U.S. rig count jumped 23 percent in the same period. “We expected a little more in terms of revenue growth just given what the rig count did,” Edward Jones analyst Rob Desai said. The reason for the difference was Halliburton’s decision […]

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