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Halliburton Company (HAL) Earning Somewhat Positive Media Coverage, Report Finds

03 Juillet 2017

They now have a $60.00 price objective on the oilfield services company's stock, down from their prior price objective of $67.00.

Narrowing in, the stock is at a distance of -10.08% from the 50 day high and 5.04% off of the 50 day low.Covering sell-side analysts have recently weighed in on shares of Halliburton Company (NYSE:HAL). BidaskClub cut Halliburton Company from a "sell" rating to a "strong sell" rating in a report on Tuesday, June 27th. HSBC Holdings plc initiated coverage on shares of Halliburton Company in a research note on Wednesday, April 19th. At the time of writing, the First Call consensus price target for the company is $59.69.

Halliburton Company (HAL) will report its next earnings on Jul 24 BMO. Royal Bank Of Canada set a $65.00 price target on Halliburton Company and gave the company a "buy" rating in a report on Saturday, June 24th.

Among 16 analysts covering Harman (NYSE:HAR), 4 have Buy rating, 1 Sell and 11 Hold. Halliburton Company has an average rating of Buy and an average price target of $60.21.

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Shares of Halliburton Company (NYSE HAL) opened at 42.71 on Friday. FMR LLC now owns 13,605,760 shares of the oilfield services company's stock valued at $735,936,000 after buying an additional 2,500,311 shares during the period. The stock's market capitalization is $37.07 billion. The Company has 52-week high of $58.78 and 52-week low of $40.12. The stock's 50 day moving average is $44.82 and its 200 day moving average is $50.32. The company reported the earnings of $0.04/Share in the last quarter where the estimated EPS by analysts was $0.03/share. The firm had revenue of $4.28 billion for the quarter, compared to the consensus estimate of $4.30 billion. Halliburton Company had a negative net margin of 21.19% and a negative return on equity of 0.48%. Likewise, the negative performance for the quarter was recorded as -13.21% and for the year was -5.70%, while the YTD performance remained at -21.04%. During the same period in the prior year, the company earned $0.07 earnings per share. On average, equities research analysts anticipate that Halliburton Company will post $0.99 EPS for the current year. Halliburton Company's dividend payout ratio (DPR) is now -18.32%. If you are viewing this report on another publication, it was illegally stolen and republished in violation of global copyright & trademark law. The legal version of this piece of content can be viewed at https://www.chaffeybreeze.com/2017/07/02/halliburton-company-hal-position-decreased-by-schroder-investment-management-group.html.

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 28th. The ex-dividend date of this dividend was Monday, June 5th. 586,215 are held by Sir Mngmt L P. Estabrook Cap has 1,510 shares for 0% of their portfolio. Halliburton Company's payout ratio is presently -18.32%. MCCOLLUM MARK A also sold $4.76 million worth of Halliburton Company (NYSE:HAL) shares. The shares were sold at an average price of $50.28, for a total transaction of $36,453.00. Following the transaction, the director now directly owns 299,777 shares in the company, valued at approximately $15,072,787.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

In related news, Director William E. Albrecht bought 8,000 shares of the business's stock in a transaction on Monday, May 15th. The shares were purchased at an average price of $46.33 per share, for a total transaction of $370,640.00. The disclosure for this purchase can be found here. Company insiders own 0.46% of the company's stock. Institutional investors and hedge funds own 79.48% of the company's stock. Tredje AP fonden now owns 85,009 shares of the oilfield services company's stock worth $4,598,000 after buying an additional 9,900 shares in the last quarter. Putnam Investments LLC now owns 3,803,227 shares of the oilfield services company's stock worth $205,716,000 after buying an additional 2,462,332 shares during the period. Ledyard National Bank raised its stake in shares of Halliburton Company by 1.1% in the first quarter. FMR LLC increased its stake in Halliburton Company by 22.5% in the fourth quarter. Israel Discount Bank of New York GFN bought a new stake in Halliburton Company during the fourth quarter worth $100,000. Amer Interest Inc invested 0% of its portfolio in Camden National Corporation (NASDAQ:CAC). PA raised its stake in Halliburton Company by 78.2% in the fourth quarter. Investec Asset Management North America Inc. now owns 193,795 shares of the oilfield services company's stock valued at $10,482,000 after buying an additional 43,029 shares in the last quarter. Moreover, Cambridge Fin Group Inc has 0% invested in Halliburton Company (NYSE:HAL) for 108,399 shares.

Halliburton Company 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.

Halliburton Company (HAL) Earning Somewhat Positive Media Coverage, Report Finds