Halliburton Company EVP Lawrence J. Pope Unloads 3,000 Shares (HAL)
Halliburton Company (NYSE:HAL) EVP Lawrence J. Pope sold 3,000 shares of Halliburton Company stock on the open market in a transaction that occurred on Thursday, May 15th. The stock was sold at an average price of $63.67, for a total transaction of $191,010.00. Following the completion of the transaction, the executive vice president now directly owns 158,937 shares of the company’s stock, valued at approximately $10,119,519. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
A number of analysts have recently weighed in on HAL shares. Analysts at FBR Capital Markets raised their price target on shares of Halliburton Company from $58.00 to $69.00 in a research note on Tuesday, May 6th. They now have an “outperform” rating on the stock. Separately, analysts at Argus raised their price target on shares of Halliburton Company from $58.00 to $79.00 in a research note on Thursday, April 24th. They now have a “buy” rating on the stock. Finally, analysts at Guggenheim raised their price target on shares of Halliburton Company from $54.00 to $60.00 in a research note on Wednesday, April 23rd. They now have a “neutral” rating on the stock. Seven analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $68.83.
Shares of Halliburton Company (NYSE:HAL) traded up 0.77% on Friday, hitting $62.85. The stock had a trading volume of 6,699,362 shares. Halliburton Company has a 52 week low of $40.12 and a 52 week high of $65.11. The stock’s 50-day moving average is $61.63 and its 200-day moving average is $55.04. The company has a market cap of $53.078 billion and a price-to-earnings ratio of 19.96.
Halliburton Company (NYSE:HAL) last announced its earnings results on Monday, April 21st. The company reported $0.73 earnings per share (EPS) for the quarter, beating the 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 in the previous year, the company posted $0.67 earnings per share. The company’s revenue for the quarter was up 5.4% on a year-over-year basis. Analysts expect that Halliburton Company will post $3.97 EPS 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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