Share on StockTwits

Halliburton Company (NYSE:HAL) CEO David J. Lesar unloaded 42,100 shares of Halliburton Company stock in a transaction dated Friday, June 20th. The shares were sold at an average price of $69.99, for a total transaction of $2,946,579.00. Following the transaction, the chief executive officer now directly owns 566,372 shares of the company’s stock, valued at approximately $39,640,376. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

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’s stock. The company has an average rating of “Buy” and a consensus price target of $72.62.

Halliburton Company (NYSE:HAL) traded down 3.14% during mid-day trading on Tuesday, hitting $68.16. The stock had a trading volume of 7,032,835 shares. Halliburton Company has a 52-week low of $40.12 and a 52-week high of $70.79. The stock’s 50-day moving average is $65. and its 200-day moving average is $57.29. The company has a market cap of $57.562 billion and a price-to-earnings ratio of 22.53. Halliburton Company also was the recipient of a significant decrease in short interest in May. As of May 30th, there was short interest totalling 11,768,827 shares, a decrease of 17.7% from the May 15th total of 14,298,141 shares. Currently, 1.4% of the shares of the stock are short sold. Based on an average trading volume of 5,174,615 shares, the days-to-cover ratio is presently 2.3 days.

Halliburton Company (NYSE:HAL) last posted its quarterly earnings results on Monday, April 21st. The company reported $0.73 EPS for the quarter, beating the Thomson Reuters 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 prior year, the company posted $0.67 earnings per share. The company’s quarterly revenue was up 5.4% on a year-over-year basis. Analysts expect that Halliburton Company will post $3.98 EPS 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 0.88%. The ex-dividend date of this dividend is Monday, June 2nd.

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.

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.