$HAL Intraday reversal in Hallibutron on Cost cutting.

Earning were less than spectacular and the shares initially dropped 1.8% before retracing to finish the day up over 6% as investors took solace in the cost cutting endeavours of the company.
Is it possible that this signals the bottom might be in for a stock down 70% from the 2018 highs.
P/E ratio 14.45
Short interest 4.18%
Yield 3.67%
Company profile
Halliburton Co. engages in the provision of services and products to the energy industry related to the exploration, development, and production of oil and natural gas. It operates through the Completion and Production, and Drilling and Evaluation segments. The Completion and Production segment delivers cementing, stimulation, intervention, pressure control, specialty chemicals, artificial lift, and completion services. The Drilling and Evaluation segment provides field and reservoir modeling, drilling, evaluation, and wellbore placement solutions that enable customers to model, measure, and optimize their well construction activities. The company was founded by Erle P. Halliburton in 1919 and is headquartered in Houston, TX.