Halliburton Company (NYSE:HAL) – Investment analysts at Capital One Financial raised their FY2017 earnings per share (EPS) estimates for shares of Halliburton in a research report issued on Monday, Zacks Investment Research reports. Capital One Financial analyst L. Lemoine now anticipates that the oilfield services company will earn $1.16 per share for the year, up from their previous forecast of $1.14. Capital One Financial also issued estimates for Halliburton’s Q4 2017 earnings at $0.47 EPS, Q3 2018 earnings at $0.68 EPS, Q4 2018 earnings at $0.81 EPS and FY2018 earnings at $2.39 EPS.
Halliburton (NYSE:HAL) last issued its earnings results on Monday, January 22nd. The oilfield services company reported $0.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.46 by $0.07. The company had revenue of $5.94 billion during the quarter, compared to analyst estimates of $5.63 billion. Halliburton had a negative net margin of 2.25% and a positive return on equity of 11.95%. The company’s revenue for the quarter was up 47.7% on a year-over-year basis. During the same quarter last year, the business posted $0.04 EPS.
HAL has been the topic of a number of other research reports. BMO Capital Markets set a $63.00 price target on shares of Halliburton and gave the company a “buy” rating in a report on Tuesday, January 23rd. Loop Capital restated a “buy” rating and set a $57.00 price target (down previously from $62.00) on shares of Halliburton in a report on Tuesday, October 24th. Scotiabank restated a “buy” rating and set a $52.00 price target on shares of Halliburton in a report on Wednesday, October 25th. Citigroup cut their price target on shares of Halliburton from $54.00 to $52.00 and set a “buy” rating on the stock in a report on Wednesday, October 25th. Finally, Cowen restated a “market perform” rating and set a $50.00 price target on shares of Halliburton in a report on Tuesday, October 24th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, twenty-two have given a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $59.73.
Halliburton (HAL) traded up $0.48 during trading on Tuesday, hitting $47.87. 8,725,891 shares of the stock were exchanged, compared to its average volume of 10,430,000. The company has a market cap of $41,770.00, a P/E ratio of 129.38, a P/E/G ratio of 2.29 and a beta of 0.96. 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.
Several institutional investors have recently modified their holdings of the company. TIAA CREF Investment Management LLC boosted its position in shares of Halliburton by 13.8% during the 4th quarter. TIAA CREF Investment Management LLC now owns 3,221,174 shares of the oilfield services company’s stock valued at $157,419,000 after acquiring an additional 391,431 shares in the last quarter. Teachers Advisors LLC boosted its position in shares of Halliburton by 63.9% during the 4th quarter. Teachers Advisors LLC now owns 2,061,685 shares of the oilfield services company’s stock valued at $100,755,000 after acquiring an additional 803,635 shares in the last quarter. Captrust Financial Advisors acquired a new stake in shares of Halliburton during the 4th quarter valued at about $1,496,000. Bain Capital Public Equity Management LLC acquired a new stake in shares of Halliburton during the 4th quarter valued at about $19,490,000. Finally, California State Teachers Retirement System boosted its position in shares of Halliburton by 1.0% during the 4th quarter. California State Teachers Retirement System now owns 1,542,547 shares of the oilfield services company’s stock valued at $75,384,000 after acquiring an additional 15,253 shares in the last quarter. Institutional investors and hedge funds own 80.57% of the company’s stock.
In other Halliburton news, insider Timothy Mckeon sold 1,609 shares of the firm’s stock in a transaction on Wednesday, December 27th. The shares were sold at an average price of $48.99, for a total value of $78,824.91. Following the sale, the insider now directly owns 18,612 shares in the company, valued at approximately $911,801.88. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Lawrence J. Pope sold 9,100 shares of the firm’s stock in a transaction on Monday, November 27th. The stock was sold at an average price of $41.35, for a total transaction of $376,285.00. Following the completion of the sale, the executive vice president now owns 180,646 shares in the company, valued at $7,469,712.10. The disclosure for this sale can be found here. Insiders sold a total of 164,507 shares of company stock worth $8,380,429 over the last 90 days. Company insiders own 0.47% of the company’s stock.
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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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