Traders Purchase Large Volume of Halliburton Put Options (HAL)
Shares of Halliburton (NYSE:HAL) was the recipient of some unusual options trading on Tuesday. Investors bought 22,596 put options on the company, StockRatingsNetwork reports. This is an increase of approximately 114% compared to the average daily volume of 10,574 put options.
In other Halliburton news, EVP Lawrence Pope unloaded 3,000 shares of Halliburton stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $50.44, for a total transaction of $151,320.00. Following the sale, the executive vice president now directly owns 167,712 shares of the company’s stock, valued at approximately $8,459,393. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
A number of analysts have recently weighed in on HAL shares. Analysts at FBR Capital Markets cut their price target on shares of Halliburton from $60.00 to $58.00 in a research note to investors on Wednesday. They now have a “market perform” rating on the stock. Separately, analysts at Goldman Sachs Group Inc. reiterated a “positive” rating on shares of Halliburton in a research note to investors on Thursday, January 16th. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Halliburton in a research note to investors on Thursday, January 16th. They now have a $53.00 price target on the stock. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, twenty-four have issued a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $60.97.
Halliburton (NYSE:HAL) opened at 49.78 on Wednesday. Halliburton has a 1-year low of $36.77 and a 1-year high of $56.52. The stock’s 50-day moving average is $50.22 and its 200-day moving average is $49.53. The company has a market cap of $42.225 billion and a P/E ratio of 23.30.
Halliburton (NYSE:HAL) last released its earnings data on Tuesday, January 21st. The company reported $0.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.89 by $0.04. The company had revenue of $7.60 billion for the quarter, compared to the consensus estimate of $7.56 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 4.8% on a year-over-year basis. On average, analysts predict that Halliburton will post $3.19 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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