However, this closely watched number isn't as important as it once was according to Halliburton Company (NYSE:HAL), which will soon be taking over the rig count data release when it closes its deal for Baker Hughes (NYSE:BHI).
Shares of Halliburton Company (NYSE:HAL) appreciated by 8.13% during the past week but lost 7.66% on a 4-week basis. The shares have outperformed the S&P 500 by 7.15% in the past week but underperformed the index by 2.32% in the last 4 weeks.
On Friday, Shares of Halliburton Company (NYSE:HAL), gain 1.39% to $38.57, after it became more likely that the the company's $34.6 billion acquisition of Baker Hughes (BHI) will receive regulatory approval.
Halliburton Company (NYSE: HAL) shares were trading higher by $3.50 (9 percent) at $37.93 in Thursday's session. The $3 plus rally in crude oil is reviving issues in the sector back to life after being left for dead earlier in the week.
Kyle Anderson: The $34.6 billion Halliburton-Baker Hughes merger, announced in November 2014, has hit a snag. Halliburton Co. (NYSE:HAL) reported Monday that it has responded to a second round of antitrust questions from the U.S. Department of ...