A rise in natural gas fracking costs could crimp Halliburton (HAL -2.2%) shares, Susquehanna...

|About: Halliburton Company (HAL)|By:, SA News Editor

A rise in natural gas fracking costs could crimp Halliburton (HAL -2.2%) shares, Susquehanna writes, as the firm chops its price target and earnings estimates for the next three years. While HAL has been able to pass through prior price inflation due to a red-hot pressure pumping market, the firm now sees a sequential decline by 500-550 bps in North American margins due to guar gum inflation.