Q1 2017 EPS Estimates for Halliburton Co. Lifted by Analyst (HAL)
Halliburton Co. (NYSE:HAL) – Research analysts at Seaport Global Securities boosted their Q1 2017 earnings estimates for Halliburton in a research report issued on Wednesday. Seaport Global Securities analyst M. Brown now expects that the brokerage will post earnings per share of $0.06 for the quarter, up from their previous estimate of $0.05. Seaport Global Securities currently has a “Buy” rating on the stock. Seaport Global Securities also issued estimates for Halliburton’s Q2 2017 earnings at $0.17 EPS, Q4 2017 earnings at $0.42 EPS, FY2017 earnings at $0.94 EPS, Q1 2018 earnings at $0.55 EPS, Q3 2018 earnings at $0.83 EPS and FY2018 earnings at $3.01 EPS.
Other equities research analysts have also recently issued reports about the company. Citigroup Inc. raised their price target on Halliburton from $52.00 to $57.00 and gave the company a “buy” rating in a report on Tuesday. Zacks Investment Research raised Halliburton from a “hold” rating to a “buy” rating and set a $52.00 price target on the stock in a report on Wednesday. Stephens reissued a “top pick” rating on shares of Halliburton in a report on Friday, July 15th. Vetr cut Halliburton from a “buy” rating to a “hold” rating and set a $46.86 price target on the stock. in a report on Thursday, October 6th. Finally, Societe Generale cut Halliburton from a “buy” rating to a “hold” rating and raised their price target for the company from $46.00 to $50.00 in a report on Monday, July 18th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, twenty-eight have assigned a buy rating and one has assigned a strong buy rating to the company. Halliburton has an average rating of “Buy” and a consensus price target of $47.17.
Halliburton (NYSE:HAL) traded up 0.138% during midday trading on Thursday, hitting $47.025. The stock had a trading volume of 5,035,623 shares. The stock’s 50-day moving average is $43.58 and its 200-day moving average is $42.41. The company’s market capitalization is $40.49 billion. Halliburton has a 1-year low of $27.64 and a 1-year high of $47.64.
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Halliburton (NYSE:HAL) last posted its quarterly earnings data on Wednesday, July 20th. The oilfield services company reported ($0.14) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.19) by $0.05. Halliburton had a positive return on equity of 3.55% and a negative net margin of 30.50%. The firm earned $3.84 billion during the quarter, compared to analysts’ expectations of $3.76 billion. During the same period in the prior year, the business earned $0.44 EPS. The company’s revenue for the quarter was down 35.2% compared to the same quarter last year.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Capital Research Global Investors increased its position in Halliburton by 2.5% in the second quarter. Capital Research Global Investors now owns 57,462,943 shares of the oilfield services company’s stock valued at $2,602,497,000 after buying an additional 1,426,237 shares during the period. Vanguard Group Inc. increased its stake in Halliburton by 2.0% in the second quarter. Vanguard Group Inc. now owns 53,056,563 shares of the oilfield services company’s stock worth $2,402,932,000 after buying an additional 1,024,207 shares during the last quarter. State Street Corp increased its stake in Halliburton by 1.1% in the second quarter. State Street Corp now owns 40,360,728 shares of the oilfield services company’s stock worth $1,827,936,000 after buying an additional 449,869 shares during the last quarter. Capital World Investors increased its stake in Halliburton by 13.4% in the second quarter. Capital World Investors now owns 29,055,680 shares of the oilfield services company’s stock worth $1,315,932,000 after buying an additional 3,440,198 shares during the last quarter. Finally, Waddell & Reed Financial Inc. increased its stake in Halliburton by 11.9% in the second quarter. Waddell & Reed Financial Inc. now owns 18,587,275 shares of the oilfield services company’s stock worth $841,818,000 after buying an additional 1,981,618 shares during the last quarter. Hedge funds and other institutional investors own 79.64% of the company’s stock.
In related news, insider James S. Brown sold 28,439 shares of the company’s stock in a transaction dated Monday, October 10th. The shares were sold at an average price of $47.00, for a total transaction of $1,336,633.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.46% of the company’s stock.
Halliburton Company Profile
Halliburton Company is a provider of services and products to the upstream oil and natural gas industry. The Company operates through two segments: the Completion and Production segment, and the Drilling and Evaluation segment. The Company’s Completion and Production segment delivers cementing, stimulation, intervention, pressure control, specialty chemicals, artificial lift, and completion products and services.
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