Halliburton Co. (HAL) Scheduled to Post Quarterly Earnings on Wednesday
Halliburton Co. (NYSE:HAL) is set to announce its Q316 earnings results on Wednesday, October 19th. Analysts expect the company to announce earnings of ($0.07) per share and revenue of $3.87 billion for the quarter. Investors that are interested in registering for the company’s conference call can do so using this link.
Halliburton (NYSE:HAL) last issued its earnings results on Wednesday, July 20th. The oilfield services company reported ($0.14) EPS for the quarter, topping analysts’ consensus estimates of ($0.19) by $0.05. The firm earned $3.84 billion during the quarter, compared to the consensus estimate of $3.76 billion. Halliburton had a negative net margin of 30.50% and a positive return on equity of 3.55%. The company’s revenue was down 35.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.44 earnings per share. On average, analysts expect Halliburton to post $-0.18 EPS for the current fiscal year and $0.90 EPS for the next fiscal year.
Halliburton Co. (NYSE:HAL) opened at 46.32 on Tuesday. The company’s 50 day moving average is $43.78 and its 200-day moving average is $42.70. Halliburton Co. has a 52 week low of $27.64 and a 52 week high of $47.96. The firm’s market cap is $39.89 billion.
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In related news, insider James S. Brown sold 28,439 shares of the business’s stock in a transaction that occurred on Monday, October 10th. The shares were sold at an average price of $47.00, for a total transaction of $1,336,633.00. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Corporate insiders own 0.46% of the company’s stock.
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Westwood Holdings Group Inc. increased its position in shares of Halliburton by 3.0% in the second quarter. Westwood Holdings Group Inc. now owns 8,550 shares of the oilfield services company’s stock worth $387,000 after buying an additional 248 shares during the last quarter. Pacer Advisors Inc. increased its position in shares of Halliburton by 2.2% in the second quarter. Pacer Advisors Inc. now owns 16,443 shares of the oilfield services company’s stock worth $745,000 after buying an additional 352 shares during the last quarter. Nuveen Asset Management LLC increased its position in shares of Halliburton by 0.6% in the second quarter. Nuveen Asset Management LLC now owns 66,916 shares of the oilfield services company’s stock worth $3,031,000 after buying an additional 429 shares during the last quarter. Freestone Capital Holdings LLC increased its position in shares of Halliburton by 5.5% in the second quarter. Freestone Capital Holdings LLC now owns 9,611 shares of the oilfield services company’s stock worth $435,000 after buying an additional 501 shares during the last quarter. Finally, Mariner Wealth Advisors LLC increased its position in shares of Halliburton by 8.8% in the second quarter. Mariner Wealth Advisors LLC now owns 7,545 shares of the oilfield services company’s stock worth $342,000 after buying an additional 610 shares during the last quarter. 79.74% of the stock is currently owned by hedge funds and other institutional investors.
HAL has been the topic of a number of analyst reports. Vetr upgraded shares of Halliburton from a “hold” rating to a “buy” rating and set a $42.96 target price on the stock in a research report on Tuesday, September 27th. Citigroup Inc. restated a “buy” rating on shares of Halliburton in a research report on Wednesday, August 3rd. Zacks Investment Research lowered shares of Halliburton from a “buy” rating to a “hold” rating in a research report on Friday. Jefferies Group set a $56.00 price target on shares of Halliburton and gave the stock a “buy” rating in a research note on Wednesday, July 20th. Finally, KeyCorp reaffirmed an “overweight” rating and set a $54.00 price target (up previously from $45.00) on shares of Halliburton in a research note on Tuesday, June 21st. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating, twenty-seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. Halliburton presently has an average rating of “Buy” and a consensus target price of $47.30.
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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