FY2017 Earnings Estimate for Halliburton Company (HAL) Issued By Capital One Financial Corporation
Halliburton Company (NYSE:HAL) – Research analysts at Capital One Financial Corporation upped their FY2017 earnings estimates for shares of Halliburton in a report issued on Monday. Capital One Financial Corporation analyst L. Lemoine now anticipates that the oilfield services company will post earnings per share of $1.14 for the year, up from their prior forecast of $1.06. Capital One Financial Corporation also issued estimates for Halliburton’s Q1 2018 earnings at $0.41 EPS, Q2 2018 earnings at $0.52 EPS, Q3 2018 earnings at $0.59 EPS, Q4 2018 earnings at $0.67 EPS and FY2019 earnings at $2.74 EPS.
HAL has been the topic of a number of other reports. ValuEngine cut Halliburton from a “hold” rating to a “sell” rating in a research report on Friday, September 1st. Barclays PLC restated an “overweight” rating on shares of Halliburton in a research report on Monday, June 26th. Guggenheim cut Halliburton from a “buy” rating to a “neutral” rating in a research report on Tuesday, June 27th. J P Morgan Chase & Co dropped their target price on Halliburton from $60.00 to $55.00 and set an “overweight” rating on the stock in a research report on Tuesday, September 12th. Finally, Zacks Investment Research cut Halliburton from a “hold” rating to a “sell” rating in a research report on Tuesday, July 11th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, twenty-five have assigned a buy rating and one has assigned a strong buy rating to the company. Halliburton presently has an average rating of “Buy” and a consensus target price of $57.62.
Halliburton (NYSE HAL) opened at 42.24 on Tuesday. The stock’s market capitalization is $36.82 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 price of $43.61 and a 200 day moving average price of $43.81.
Halliburton (NYSE:HAL) last announced its quarterly earnings data on Monday, October 23rd. The oilfield services company reported $0.42 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.38 by $0.04. Halliburton had a positive return on equity of 2.97% and a negative net margin of 0.86%. The business had revenue of $5.44 billion for the quarter, compared to the consensus estimate of $5.35 billion. During the same period in the previous year, the business earned $0.01 earnings per share. The business’s revenue was up 42.0% on a year-over-year basis.
In other news, EVP Lawrence J. Pope sold 43,000 shares of the firm’s stock in a transaction that occurred 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.47% of the stock is owned by company insiders.
Institutional investors have recently bought and sold shares of the stock. Sumitomo Mitsui Financial Group Inc. acquired a new stake in Halliburton in the 1st quarter valued at approximately $100,000. Perigon Wealth Management LLC increased its holdings in Halliburton by 0.8% in the 1st quarter. Perigon Wealth Management LLC now owns 2,049 shares of the oilfield services company’s stock valued at $101,000 after purchasing an additional 17 shares during the last quarter. Ledyard National Bank increased its holdings in Halliburton by 6.5% in the 2nd quarter. Ledyard National Bank now owns 2,469 shares of the oilfield services company’s stock valued at $106,000 after purchasing an additional 150 shares during the last quarter. Bbva Compass Bancshares Inc. increased its holdings in Halliburton by 5.0% in the 2nd quarter. Bbva Compass Bancshares Inc. now owns 2,701 shares of the oilfield services company’s stock valued at $115,000 after purchasing an additional 128 shares during the last quarter. Finally, Independent Portfolio Consultants Inc. increased its holdings in Halliburton by 87.6% in the 2nd quarter. Independent Portfolio Consultants Inc. now owns 2,711 shares of the oilfield services company’s stock valued at $116,000 after purchasing an additional 1,266 shares during the last quarter. Hedge funds and other institutional investors own 79.32% of the company’s stock.
Halliburton Company Profile
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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