Halliburton Company (NYSE:HAL) – Jefferies Group cut their Q4 2017 earnings per share (EPS) estimates for shares of Halliburton in a report issued on Thursday, Zacks Investment Research reports. Jefferies Group analyst B. Handler now expects that the oilfield services company will post earnings per share of $0.47 for the quarter, down from their previous estimate of $0.48. Jefferies Group has a “Buy” rating and a $65.00 price objective on the stock. Jefferies Group also issued estimates for Halliburton’s FY2019 earnings at $3.10 EPS and FY2020 earnings at $4.80 EPS.
Other equities research analysts have also issued reports about the stock. B. Riley reissued a “buy” rating on shares of Halliburton in a report on Wednesday, November 1st. Credit Suisse Group reissued an “outperform” rating and set a $65.00 price objective (up from $55.00) on shares of Halliburton in a report on Tuesday, January 23rd. Piper Jaffray Companies set a $52.00 price objective on shares of Halliburton and gave the company a “buy” rating in a report on Thursday, December 14th. Sanford C. Bernstein set a $60.00 price objective on shares of Halliburton and gave the company a “buy” rating in a report on Tuesday, January 23rd. Finally, FBR & Co dropped their price objective on shares of Halliburton from $61.00 to $55.00 and set a “buy” rating on the stock in a report on Tuesday, October 24th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, twenty-two have given a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $59.73.
Halliburton (NYSE HAL) traded up $0.81 during midday trading on Monday, reaching $54.51. 8,526,027 shares of the company’s stock traded hands, compared to its average volume of 8,970,000. The stock has a market capitalization of $47,560.00, a price-to-earnings ratio of -106.88, a P/E/G ratio of 2.58 and a beta of 1.03. The company has a quick ratio of 1.72, a current ratio of 2.22 and a debt-to-equity ratio of 1.25. Halliburton has a fifty-two week low of $38.18 and a fifty-two week high of $57.86.
Halliburton (NYSE:HAL) last released its quarterly earnings results on Monday, January 22nd. The oilfield services company reported $0.53 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.46 by $0.07. Halliburton had a negative net margin of 2.25% and a positive return on equity of 11.95%. The business had revenue of $5.94 billion for the quarter, compared to analyst estimates of $5.63 billion. During the same period in the previous year, the company earned $0.04 earnings per share. The business’s revenue for the quarter was up 47.7% on a year-over-year basis.
In other Halliburton news, EVP Lawrence J. Pope sold 9,100 shares of the company’s stock in a transaction dated Monday, November 27th. The shares were sold at an average price of $41.35, for a total value of $376,285.00. Following the completion of the transaction, the executive vice president now owns 180,646 shares in the company, valued at $7,469,712.10. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Timothy Mckeon sold 1,609 shares of the company’s stock in a transaction dated Wednesday, December 27th. The stock was sold at an average price of $48.99, for a total transaction of $78,824.91. Following the completion of the transaction, the insider now owns 18,612 shares of the company’s stock, valued at approximately $911,801.88. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 164,507 shares of company stock worth $8,380,429. 0.46% of the stock is owned by corporate insiders.
Several institutional investors have recently modified their holdings of the business. Comerica Securities Inc. raised its position in shares of Halliburton by 0.3% in the second quarter. Comerica Securities Inc. now owns 6,606 shares of the oilfield services company’s stock worth $282,000 after acquiring an additional 18 shares during the period. Hedeker Wealth LLC raised its position in shares of Halliburton by 0.3% in the second quarter. Hedeker Wealth LLC now owns 19,541 shares of the oilfield services company’s stock worth $834,000 after acquiring an additional 56 shares during the period. Summit Financial Wealth Advisors LLC raised its position in shares of Halliburton by 0.8% in the second quarter. Summit Financial Wealth Advisors LLC now owns 13,715 shares of the oilfield services company’s stock worth $586,000 after acquiring an additional 115 shares during the period. Pinebridge Investments L.P. raised its position in shares of Halliburton by 0.6% in the second quarter. Pinebridge Investments L.P. now owns 19,775 shares of the oilfield services company’s stock worth $845,000 after acquiring an additional 120 shares during the period. Finally, Covington Capital Management raised its position in shares of Halliburton by 0.8% in the second quarter. Covington Capital Management now owns 23,814 shares of the oilfield services company’s stock worth $1,017,000 after acquiring an additional 185 shares during the period. Institutional investors and hedge funds own 79.98% of the company’s stock.
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Halliburton Company Profile
Halliburton Company provides services and products to the upstream oil and natural gas industry throughout the lifecycle of the reservoir, from locating hydrocarbons and managing geological data, to drilling and formation evaluation, well construction and completion, and optimizing production throughout the life of the field.
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