Halliburton (HAL) Scheduled to Post Earnings on Monday
Halliburton (NYSE:HAL) is set to release its earnings data on Monday, October 21st. Individual interested in listening to the company’s earnings conference call can do so using this link.
Halliburton (NYSE:HAL) last posted its quarterly 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. On average, analysts expect Halliburton to post $3.20 EPS for the current fiscal year and $4.26 EPS for the next fiscal year.
Halliburton (NYSE:HAL) opened at 51.72 on Friday. Halliburton has a 1-year low of $29.83 and a 1-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.
HAL has been the subject of a number of recent research reports. Analysts at TheStreet reiterated a “buy” rating on shares of Halliburton in a research note to investors on Monday. On the ratings front, 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 investment analysts have rated the stock with a sell rating, five have issued a hold rating, twenty-one have given a buy rating and two have assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $56.70.
In other Halliburton news, CEO David J. Lesar sold 72,388 shares of Halliburton stock on the open market in a transaction dated Wednesday, October 16th. The shares were sold at an average price of $52.00, for a total value of $3,764,176.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
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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