Headlines about Halliburton (NYSE:HAL) have trended somewhat positive recently, InfoTrie Sentiment reports. InfoTrie scores the sentiment of news coverage by analyzing more than six thousand blog and news sources. The firm ranks coverage of companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Halliburton earned a daily sentiment score of 1.83 on their scale. InfoTrie also assigned news coverage about the oilfield services company an news buzz score of 6 out of 10, indicating that recent news coverage is somewhat likely to have an effect on the stock’s share price in the near term.
Here are some of the headlines that may have impacted Halliburton’s score:
- Halliburton (HAL) Given Average Rating of “Buy” by Analysts (americanbankingnews.com)
- Jury deliberating in Miller County murder trial – TXK Today (txktoday.com)
- Halliburton (HAL) call put ratio 1 call to 4.6 puts as shares at multi-year low – StreetInsider.com (streetinsider.com)
- Why Smart Investors Buy:: Halliburton Company (NYSE: HAL) – News Room Alert (newsroomalerts.com)
- Rising above circumstances: Halliburton Company (HAL), Carrizo Oil & Gas, Inc. (CRZO) – FinBulletin (finbulletin.com)
Several analysts recently commented on the stock. Morgan Stanley assumed coverage on shares of Halliburton in a research report on Tuesday, September 18th. They set an “overweight” rating and a $50.00 price objective on the stock. JPMorgan Chase & Co. set a $60.00 price objective on shares of Halliburton and gave the company a “buy” rating in a research report on Monday, September 17th. Credit Suisse Group set a $51.00 price objective on shares of Halliburton and gave the company a “buy” rating in a research report on Thursday, September 6th. Wells Fargo & Co reissued a “buy” rating on shares of Halliburton in a research report on Friday, September 7th. Finally, Cleveland Research downgraded shares of Halliburton from a “buy” rating to a “neutral” rating in a research report on Thursday, October 18th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, twenty-two have issued a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $51.60.
Shares of HAL opened at $31.89 on Friday. The firm has a market capitalization of $28.18 billion, a P/E ratio of 26.14, a P/E/G ratio of 0.87 and a beta of 1.07. Halliburton has a 52-week low of $30.47 and a 52-week high of $57.86. The company has a quick ratio of 1.73, a current ratio of 2.31 and a debt-to-equity ratio of 1.16.
Halliburton (NYSE:HAL) last issued its quarterly earnings results on Monday, October 22nd. The oilfield services company reported $0.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.49 by $0.01. The company had revenue of $6.17 billion during the quarter, compared to the consensus estimate of $6.10 billion. Halliburton had a return on equity of 20.42% and a net margin of 0.70%. Halliburton’s revenue was up 13.4% on a year-over-year basis. During the same period last year, the company earned $0.42 earnings per share. On average, sell-side analysts anticipate that Halliburton will post 1.86 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, December 27th. Investors of record on Thursday, December 6th will be given a $0.18 dividend. The ex-dividend date is Wednesday, December 5th. This represents a $0.72 dividend on an annualized basis and a yield of 2.26%. Halliburton’s dividend payout ratio is presently 59.02%.
In other news, insider James S. Brown sold 15,989 shares of Halliburton stock in a transaction on Thursday, September 20th. The stock was sold at an average price of $40.53, for a total transaction of $648,034.17. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Anne L. Beaty sold 1,210 shares of Halliburton stock in a transaction on Thursday, November 8th. The stock was sold at an average price of $36.23, for a total value of $43,838.30. The disclosure for this sale can be found here. 0.54% of the stock is owned by company insiders.
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Halliburton Company provides a range of services and products to oil and natural gas companies worldwide. The company's Completion and Production segment offers production enhancement services, including stimulation and sand control services; and cementing services, such as bonding the well, well casing, and casing equipment.
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