Halliburton Sees Unusually Large Options Volume (HAL)
Halliburton (NYSE:HAL) saw some unusual options trading activity on Wednesday. Stock traders purchased 17,692 put options on the company, Analyst Ratings News reports. This represents an increase of 109% compared to the typical daily volume of 8,447 put options.
Several analysts have recently commented on the stock. Analysts at Cowen and Company cut their price target on shares of Halliburton from $82.00 to $72.00 in a research note to investors on Tuesday. They now have an “outperform” rating on the stock. Separately, analysts at Guggenheim downgraded shares of Halliburton from a “buy” rating to a “neutral” rating in a research note to investors on Monday. Finally, analysts at Wells Fargo & Co. upgraded shares of Halliburton from a “market perform” rating to an “outperform” rating in a research note to investors on Monday. Two analysts have rated the stock with a sell rating, eight have issued a hold rating, twenty-two have issued a buy rating and one has assigned a strong buy rating to the stock. Halliburton currently has an average rating of “Buy” and an average price target of $61.52.
Shares of Halliburton (NYSE:HAL) traded down 1.39% on Wednesday, hitting $49.50. The stock had a trading volume of 9,144,726 shares. Halliburton has a 52 week low of $35.71 and a 52 week high of $56.52. The stock has a 50-day moving average of $51.04 and a 200-day moving average of $49.00. The company has a market cap of $41.987 billion and a price-to-earnings ratio of 23.09.
Halliburton (NYSE:HAL) last issued its quarterly earnings data on Monday, October 21st. The company reported $0.83 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.84 by $0.01. The company had revenue of $7.50 billion for the quarter, compared to the consensus estimate of $7.50 billion. During the same quarter in the prior year, the company posted $0.67 earnings per share. The company’s quarterly revenue was up 5.1% on a year-over-year basis. On average, analysts predict that Halliburton will post $3.11 earnings per share 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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