Media stories about Halliburton (NYSE:HAL) have been trending somewhat positive this week, according to InfoTrie Sentiment. InfoTrie scores the sentiment of press coverage by monitoring more than 6,000 news and blog sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Halliburton earned a media sentiment score of 1.57 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 press coverage is extremely likely to have an impact on the company’s share price in the next few days.
These are some of the news articles that may have effected Halliburton’s score:
A number of brokerages recently issued reports on HAL. Citigroup set a $45.00 price target on shares of Halliburton and gave the company a “buy” rating in a research report on Friday, November 30th. Societe Generale set a $42.00 price objective on shares of Halliburton and gave the company a “hold” rating in a research note on Monday, October 22nd. ValuEngine upgraded shares of Halliburton from a “sell” rating to a “hold” rating in a research note on Thursday, October 4th. Bank of America restated a “buy” rating and set a $48.00 price objective (down from $52.00) on shares of Halliburton in a research note on Monday, December 3rd. Finally, UBS Group set a $50.00 price objective on shares of Halliburton and gave the company a “buy” rating in a research note on Tuesday, October 23rd. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, twenty-two have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $51.24.
Shares of HAL stock opened at $29.68 on Friday. Halliburton has a 52 week low of $29.24 and a 52 week high of $57.86. The company has a market capitalization of $27.54 billion, a PE ratio of 24.33, a P/E/G ratio of 0.92 and a beta of 1.06. 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 (NYSE:HAL) last announced its quarterly earnings results on Monday, October 22nd. The oilfield services company reported $0.50 EPS for the quarter, topping analysts’ consensus estimates of $0.49 by $0.01. Halliburton had a net margin of 0.70% and a return on equity of 20.42%. The firm had revenue of $6.17 billion during the quarter, compared to analyst estimates of $6.10 billion. During the same period in the previous year, the business posted $0.42 earnings per share. The business’s revenue for the quarter was up 13.4% on a year-over-year basis. Equities research analysts anticipate that Halliburton will post 1.86 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, December 27th. Stockholders of record on Thursday, December 6th will be paid a $0.18 dividend. The ex-dividend date is Wednesday, December 5th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.43%. Halliburton’s dividend payout ratio is presently 59.02%.
In other news, VP Anne L. Beaty sold 7,200 shares of Halliburton stock in a transaction that occurred on Monday, December 3rd. The shares were sold at an average price of $32.33, for a total value of $232,776.00. Following the completion of the sale, the vice president now directly owns 62,196 shares in the company, valued at $2,010,796.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider James S. Brown sold 15,989 shares of Halliburton stock in a transaction that occurred on Thursday, September 20th. The stock was sold at an average price of $40.53, for a total transaction of $648,034.17. The disclosure for this sale can be found here. Insiders sold 24,399 shares of company stock valued at $924,648 over the last quarter. Company insiders own 0.54% of the company’s stock.
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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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