Halliburton Company Hits New 12-Month High at $70.79 (HAL)
Shares of Halliburton Company (NYSE:HAL) hit a new 52-week high during mid-day trading on Monday , Stock Ratings News reports. The company traded as high as $70.79 and last traded at $70.17, with a volume of 2,850,090 shares traded. The stock had previously closed at $70.24.
HAL has been the subject of a number of recent research reports. Analysts at Credit Suisse reiterated an “outperform” rating on shares of Halliburton Company in a research note on Monday. They now have a $79.00 price target on the stock, up previously from $78.00. Separately, analysts at Drexel Hamilton initiated coverage on shares of Halliburton Company in a research note on Friday. They set a “buy” rating and a $79.00 price target on the stock. Finally, analysts at Howard Weil raised their price target on shares of Halliburton Company from $73.00 to $75.00 in a research note on Wednesday, June 18th. They now have a “sector outperform” rating on the stock. Six investment analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $72.62.
The stock’s 50-day moving average is $65.1 and its 200-day moving average is $57.1. The company has a market cap of $59.138 billion and a price-to-earnings ratio of 22.48. Halliburton Company also was the target of a large decline in short interest in the month of May. As of May 30th, there was short interest totalling 11,768,827 shares, a decline of 17.7% from the May 15th total of 14,298,141 shares. Approximately 1.4% of the shares of the company are sold short. Based on an average daily volume of 5,174,615 shares, the days-to-cover ratio is currently 2.3 days.
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 $3.98 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, June 25th. Investors of record on Wednesday, June 4th will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 0.85%. The ex-dividend date of this dividend is Monday, June 2nd.
In other Halliburton Company news, CEO David J. Lesar sold 35,350 shares of the company’s stock in a transaction dated Thursday, June 12th. The shares were sold at an average price of $67.99, for a total transaction of $2,403,446.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, 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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