Simmons reduces its forecast for Halliburton's (HAL) 2012 EPS to $3.15-$3.20 from $3.50 while...

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

Simmons reduces its forecast for Halliburton's (HAL) 2012 EPS to $3.15-$3.20 from $3.50 while admitting that anything more than an educated guess on HAL's profit margins beyond Q2 - thanks to volatile prices of crude oil and fracking ingredients, and as natural gas drillers ponder a return to production - is nearly impossible. "Don't get hung up on the illusion of precision," Simmons says.