News coverage about Halliburton (NYSE:HAL) has trended somewhat positive recently, according to Accern Sentiment. The research group identifies negative and positive news coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Halliburton earned a news impact score of 0.14 on Accern’s scale. Accern also assigned media coverage about the oilfield services company an impact score of 47.0047771607043 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
These are some of the news headlines that may have impacted Accern Sentiment’s rankings:
Several analysts have issued reports on the company. Barclays set a $66.00 price target on Halliburton and gave the company a “buy” rating in a research note on Tuesday, January 23rd. Jefferies Group set a $65.00 price target on Halliburton and gave the company a “buy” rating in a research note on Tuesday, January 23rd. Cowen reissued a “hold” rating and issued a $60.00 price target on shares of Halliburton in a research note on Tuesday, January 23rd. B. Riley lifted their price target on Halliburton from $55.00 to $65.00 and gave the company a “buy” rating in a research note on Wednesday, January 24th. Finally, Credit Suisse Group reissued an “outperform” rating and issued a $65.00 price target (up previously from $55.00) on shares of Halliburton in a research note on Tuesday, January 23rd. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and twenty-two have given a buy rating to the company. Halliburton currently has an average rating of “Buy” and an average target price of $58.71.
Halliburton stock traded up $0.08 during midday trading on Monday, reaching $54.40. 5,544,565 shares of the company’s stock were exchanged, compared to its average volume of 9,003,039. Halliburton has a 52 week low of $38.18 and a 52 week high of $57.86. The company has a debt-to-equity ratio of 1.24, a quick ratio of 1.73 and a current ratio of 2.22. The stock has a market capitalization of $47.58 billion, a P/E ratio of 44.59, a PEG ratio of 2.74 and a beta of 1.03.
Halliburton (NYSE:HAL) last posted its quarterly earnings results on Monday, April 23rd. The oilfield services company reported $0.41 EPS for the quarter, hitting analysts’ consensus estimates of $0.41. Halliburton had a positive return on equity of 15.87% and a negative net margin of 1.74%. The business had revenue of $5.74 billion during the quarter, compared to analysts’ expectations of $5.74 billion. During the same quarter last year, the company posted $0.04 earnings per share. Halliburton’s quarterly revenue was up 34.1% on a year-over-year basis. research analysts forecast that Halliburton will post 2.48 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 27th. Investors of record on Wednesday, June 6th will be issued a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 1.32%. The ex-dividend date of this dividend is Tuesday, June 5th. Halliburton’s payout ratio is currently 59.02%.
Halliburton Company Profile
Halliburton Company provides a range of services and products to oil and natural gas companies worldwide. The company's Completion and Production segment offers production enhancement services, including stimulation and sand control services; and cementing services, such as bonding the well, well casing, and casing equipment.
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