Insider Selling: Jeffrey Allen Miller Sells 3,800 Shares of Halliburton Stock (HAL)
Halliburton (NYSE:HAL) COO Jeffrey Allen Miller sold 3,800 shares of the stock in a transaction that occurred on Wednesday, October 16th. The shares were sold at an average price of $52.00, for a total transaction of $197,600.00. Following the completion of the sale, the chief operating officer now directly owns 219,436 shares of the company’s stock, valued at approximately $11,410,672. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Several analysts have recently commented on the stock. Analysts at TheStreet reiterated a “buy” rating on shares of Halliburton in a research note to investors on Monday. Separately, analysts at Raymond James upgraded shares of Halliburton from a “market perform” rating to an “outperform” rating in a research note to investors on Wednesday, October 9th. They now have a $63.00 price target on the stock. Finally, analysts at Cowen and Company cut their price target on shares of Halliburton from $67.00 to $63.00 in a research note to investors on Wednesday, October 9th. They now have an “outperform” rating on the stock. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating, twenty-one have given a buy rating and two have assigned a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $56.70.
Halliburton (NYSE:HAL) traded down 0.48% during mid-day trading on Thursday, hitting $51.72. The stock had a trading volume of 6,323,304 shares. Halliburton has a one year low of $29.83 and a one year high of $50.50. The stock’s 50-day moving average is $47.51 and its 200-day moving average is $43.37. The company has a market cap of $47.250 billion and a P/E ratio of 25.44.
Halliburton (NYSE:HAL) last announced its earnings results on Monday, July 22nd. The company reported $0.73 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.72 by $0.01. The company had revenue of $7.32 billion for the quarter, compared to the consensus estimate of $7.29 billion. During the same quarter in the prior year, the company posted $0.82 earnings per share. The company’s quarterly revenue was up 1.1% on a year-over-year basis. Analysts expect that Halliburton will post $3.20 EPS for the current fiscal year.
Halliburton Company is an oilfield services company. The Company is provider of services and products to the energy industry related to the exploration, development, and production of oil and natural gas.
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