Halliburton Sees Unusually High Options Volume (HAL)
Halliburton (NYSE:HAL) saw some unusual options trading activity on Friday. Traders acquired 33,147 call options on the stock, ARN reports. This represents an increase of approximately 112% compared to the typical volume of 15,612 call options.
A number of analysts have recently weighed in on HAL shares. 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 investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, twenty-two have given a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $61.52.
Shares of Halliburton (NYSE:HAL) traded up 1.83% on Friday, hitting $50.52. The stock had a trading volume of 8,841,380 shares. Halliburton has a one year low of $35.71 and a one year high of $56.52. The stock’s 50-day moving average is $50.79 and its 200-day moving average is $49.01. The company has a market cap of $42.852 billion and a price-to-earnings ratio of 22.82.
Halliburton (NYSE:HAL) last posted its quarterly earnings results 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 previous year, the company posted $0.67 earnings per share. The company’s revenue for the quarter 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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