Halliburton Company (HAL) Lifted to C- at TheStreet
Halliburton Company (NYSE:HAL) was upgraded by investment analysts at TheStreet from a “d+” rating to a “c-” rating in a note issued to investors on Friday.
HAL has been the subject of several other reports. ValuEngine lowered Halliburton from a “hold” rating to a “sell” rating in a report on Friday, September 1st. HSBC Holdings plc reaffirmed a “buy” rating and set a $62.00 target price (down from $65.00) on shares of Halliburton in a report on Thursday, June 22nd. Barclays PLC reaffirmed an “overweight” rating on shares of Halliburton in a report on Monday, June 26th. Guggenheim lowered Halliburton from a “buy” rating to a “neutral” rating in a report on Tuesday, June 27th. Finally, J P Morgan Chase & Co lowered their target price on Halliburton from $60.00 to $55.00 and set an “overweight” rating for the company in a report on Tuesday, September 12th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating, twenty-nine have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $58.13.
Halliburton (HAL) traded down 0.20% on Friday, reaching $45.09. The company had a trading volume of 5,485,834 shares. The firm’s market capitalization is $39.30 billion. Halliburton has a 12 month low of $38.18 and a 12 month high of $58.78. The stock has a 50 day moving average of $41.74 and a 200 day moving average of $44.33.
Halliburton (NYSE:HAL) last announced its quarterly earnings data on Monday, July 24th. The oilfield services company reported $0.23 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.18 by $0.05. The firm had revenue of $4.96 billion during the quarter, compared to analyst estimates of $4.86 billion. Halliburton had a positive return on equity of 2.97% and a negative net margin of 0.86%. Halliburton’s quarterly revenue was up 29.3% on a year-over-year basis. During the same period in the previous year, the company earned ($0.14) earnings per share. On average, analysts anticipate that Halliburton will post $1.12 EPS for the current year.
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In other Halliburton news, EVP Lawrence J. Pope sold 43,000 shares of the stock in a transaction on Tuesday, September 5th. The shares were sold at an average price of $39.66, for a total transaction of $1,705,380.00. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Corporate insiders own 0.46% of the company’s stock.
Hedge funds have recently added to or reduced their stakes in the business. Kovitz Investment Group boosted its holdings in Halliburton by 0.5% during the third quarter. Kovitz Investment Group now owns 1,124,391 shares of the oilfield services company’s stock valued at $39,747,000 after acquiring an additional 5,685 shares during the period. Nikko Asset Management Americas boosted its holdings in Halliburton by 10.2% during the fourth quarter. Nikko Asset Management Americas now owns 338,200 shares of the oilfield services company’s stock valued at $11,543,000 after acquiring an additional 31,200 shares during the period. Armstrong Shaw Associates Inc. CT boosted its holdings in Halliburton by 56.2% during the fourth quarter. Armstrong Shaw Associates Inc. CT now owns 297,169 shares of the oilfield services company’s stock valued at $10,116,000 after acquiring an additional 106,948 shares during the period. Eagle Asset Management boosted its holdings in Halliburton by 88.9% during the third quarter. Eagle Asset Management now owns 2,429,184 shares of the oilfield services company’s stock valued at $85,870,000 after acquiring an additional 1,143,280 shares during the period. Finally, MUFG Americas Holdings Corp boosted its holdings in Halliburton by 81.8% during the fourth quarter. MUFG Americas Holdings Corp now owns 117,672 shares of the oilfield services company’s stock valued at $4,006,000 after acquiring an additional 52,935 shares during the period. Institutional investors own 79.51% of the company’s stock.
Halliburton Company provides services and products to the upstream oil and natural gas industry throughout the lifecycle of the reservoir, from locating hydrocarbons and managing geological data, to drilling and formation evaluation, well construction and completion, and optimizing production throughout the life of the field.
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