News coverage about Halliburton (NYSE:HAL) has trended somewhat negative this week, according to InfoTrie. The research firm rates the sentiment of media coverage by analyzing more than 6,000 news and blog sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores closest to five being the most favorable. Halliburton earned a news impact score of -1.50 on their scale. InfoTrie also assigned media stories about the oilfield services company an news buzz score of 10 out of 10, indicating that recent media coverage is extremely likely to have an impact on the stock’s share price in the near future.
Here are some of the media stories that may have impacted Halliburton’s analysis:
Shares of HAL traded down $0.05 during mid-day trading on Tuesday, reaching $35.71. 5,849,430 shares of the company’s stock were exchanged, compared to its average volume of 11,346,675. The company has a debt-to-equity ratio of 1.16, a current ratio of 2.31 and a quick ratio of 1.73. Halliburton has a 52-week low of $33.73 and a 52-week high of $57.86. The stock has a market cap of $30.57 billion, a price-to-earnings ratio of 29.27, a price-to-earnings-growth ratio of 0.94 and a beta of 1.07.
Halliburton (NYSE:HAL) last issued its quarterly earnings data on Monday, October 22nd. The oilfield services company reported $0.50 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.49 by $0.01. The business had revenue of $6.17 billion during the quarter, compared to analysts’ expectations of $6.10 billion. Halliburton had a net margin of 0.70% and a return on equity of 20.42%. The company’s revenue was up 13.4% on a year-over-year basis. During the same period last year, the company posted $0.42 EPS. On average, equities analysts expect that Halliburton will post 1.86 earnings per share for the current fiscal year.
HAL has been the subject of a number of research reports. Morgan Stanley reiterated a “buy” rating on shares of Halliburton in a research report on Tuesday, October 23rd. Royal Bank of Canada set a $56.00 price target on shares of Halliburton and gave the company a “buy” rating in a research report on Monday, October 22nd. B. Riley set a $51.00 price target on shares of Halliburton and gave the company a “buy” rating in a research report on Thursday, July 26th. Raymond James reduced their price target on shares of Halliburton from $59.00 to $55.00 and set a “strong-buy” rating for the company in a research report on Tuesday, September 11th. Finally, Societe Generale set a $42.00 price target on shares of Halliburton and gave the company a “hold” rating in a research report on Monday, October 22nd. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, twenty-two have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $51.60.
In other Halliburton news, insider James S. Brown sold 15,989 shares of Halliburton stock in a transaction that occurred on Thursday, September 20th. The shares were sold at an average price of $40.53, for a total value of $648,034.17. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.54% of the stock is currently owned by insiders.
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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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