Fracking Gold Rush Lifts Halliburton Prices

Fracking Gold Rush Lifts Halliburton Prices

Ken James/Bloomberg

Halliburton, Schlumberger and Baker Hughes, the largest providers of hydraulic fracturing services in the U.S. with more than 1 million horsepower each in pressure pumping equipment, are expected to expand earnings 46 percent this year to an average of $3.62 per share, and another 33 percent in 2012, according to analyst estimates compiled by Bloomberg.