Short Interest in Halliburton Company Decreases By 17.7% (HAL)
Halliburton Company (NYSE:HAL) saw a significant 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, AnalystRatings.NET reports. Based on an average daily volume of 5,174,615 shares, the days-to-cover ratio is currently 2.3 days. Currently, 1.4% of the shares of the company are short sold.
In other Halliburton Company news, CFO Mark A. Mccollum sold 41,998 shares of the stock on the open market in a transaction dated Friday, June 20th. The stock was sold at an average price of $69.37, for a total transaction of $2,913,401.26. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
A number of research firms have recently commented on HAL. 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, June 20th. 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 research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $72.62.
Halliburton Company (NYSE:HAL) opened at 68.16 on Wednesday. Halliburton Company has a 52 week low of $40.96 and a 52 week high of $70.79. The stock’s 50-day moving average is $65.41 and its 200-day moving average is $57.42. The company has a market cap of $57.562 billion and a price-to-earnings ratio of 22.53.
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. Stockholders 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.
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