Halliburton Company (HAL) Updates Q2 Earnings Guidance
Halliburton Company (NYSE:HAL) updated its second quarter earnings guidance on Monday. The company provided earnings per share guidance of +25% to ~$0.91 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.91, Analyst Ratings.Net reports.
A number of research firms have recently commented on HAL. Analysts at Morgan Stanley raised their price target on shares of Halliburton Company from $50.00 to $55.00 in a research note on Monday, April 7th. On a related note, analysts at Jefferies Group raised their price target on shares of Halliburton Company to $72.00 in a research note on Monday, April 7th. They now have a buy rating on the stock. Finally, analysts at Societe Generale raised their price target on shares of Halliburton Company from $59.00 to $69.00 in a research note on Friday, April 4th. They now have a buy rating on the stock. Seven analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of Buy and an average price target of $65.07.
Shares of Halliburton Company (NYSE:HAL) opened at 60.90 on Monday. Halliburton Company has a 52-week low of $38.05 and a 52-week high of $61.46. The stock has a 50-day moving average of $57.86 and a 200-day moving average of $53.21. The company has a market cap of $51.818 billion and a P/E ratio of 25.90.
Halliburton Company (NYSE:HAL) last announced its earnings results on Monday, April 21st. The company reported $0.73 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.72 by $0.01. The company had revenue of $7.30 billion for the quarter, compared to the consensus estimate of $7.25 billion. During the same quarter last year, the company posted $0.67 earnings per share. Halliburton Company’s revenue was up 5.4% compared to the same quarter last year. On average, analysts predict that Halliburton Company will post $3.94 earnings per share for the current fiscal year.
In other Halliburton Company news, EVP Lawrence Pope sold 3,000 shares of Halliburton Company stock on the open market in a transaction dated Tuesday, April 15th. The shares were sold at an average price of $59.38, for a total transaction of $178,140.00. Following the sale, the executive vice president now directly owns 161,937 shares in the company, valued at approximately $9,615,819. The transaction was disclosed in a filing with the SEC, which is available at 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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