Halliburton Co. (NYSE:HAL) – Analysts at FBR & Co reduced their Q3 2017 EPS estimates for Halliburton in a research note issued to investors on Friday. FBR & Co analyst T. Curran now anticipates that the firm will post earnings of $0.30 per share for the quarter, down from their prior forecast of $0.32. FBR & Co currently has a “Outperform” rating and a $58.00 target price on the stock. FBR & Co also issued estimates for Halliburton’s Q4 2017 earnings at $0.41 EPS and FY2018 earnings at $2.70 EPS.
Halliburton (NYSE:HAL) last announced its earnings results 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. The firm earned $3.84 billion during the quarter, compared to analysts’ expectations of $3.76 billion. Halliburton had a positive return on equity of 3.55% and a negative net margin of 30.50%. The company’s revenue was down 35.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.44 earnings per share.
Several other analysts also recently issued reports on HAL. Simmons boosted their price target on Halliburton from $48.00 to $60.00 and gave the company an “overweight” rating in a research note on Tuesday, June 21st. Seaport Global Securities restated a “buy” rating on shares of Halliburton in a research note on Thursday, July 21st. Johnson Rice restated an “accumulate” rating on shares of Halliburton in a research note on Monday, July 25th. Vetr downgraded Halliburton from a “buy” rating to a “hold” rating and set a $42.96 price target for the company. in a research note on Tuesday, September 6th. Finally, Iberia Capital restated an “outperform” rating and issued a $50.00 price target on shares of Halliburton in a research note on Monday, June 27th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating, twenty-seven have issued a buy rating and one has assigned a strong buy rating to the stock. Halliburton presently has an average rating of “Buy” and a consensus price target of $47.30.
Shares of Halliburton (NYSE:HAL) traded up 0.745% during midday trading on Monday, reaching $46.665. The company’s stock had a trading volume of 970,918 shares. The firm’s market cap is $40.18 billion. The company has a 50-day moving average price of $43.78 and a 200-day moving average price of $42.70. Halliburton has a 12 month low of $27.64 and a 12 month high of $47.96.
In other Halliburton news, insider James S. Brown sold 28,439 shares of the firm’s stock in a transaction on Monday, October 10th. The stock was sold at an average price of $47.00, for a total value of $1,336,633.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.46% of the stock is owned by company insiders.
A number of hedge funds have recently added to or reduced their stakes in HAL. Johnson Financial Group Inc. raised its position in Halliburton by 51.3% in the second quarter. Johnson Financial Group Inc. now owns 2,277 shares of the oilfield services company’s stock worth $103,000 after buying an additional 772 shares during the last quarter. Manchester Capital Management LLC raised its position in Halliburton by 0.4% in the second quarter. Manchester Capital Management LLC now owns 2,354 shares of the oilfield services company’s stock worth $107,000 after buying an additional 9 shares during the last quarter. Quadrant Capital Group LLC raised its position in Halliburton by 17.5% in the second quarter. Quadrant Capital Group LLC now owns 2,542 shares of the oilfield services company’s stock worth $104,000 after buying an additional 379 shares during the last quarter. Citizens Financial Group Inc RI raised its position in Halliburton by 33.4% in the second quarter. Citizens Financial Group Inc RI now owns 2,589 shares of the oilfield services company’s stock worth $117,000 after buying an additional 648 shares during the last quarter. Finally, Harel Insurance Investments & Financial Services Ltd. bought a new position in Halliburton during the second quarter worth approximately $120,000. 79.74% of the stock is owned by institutional investors and hedge funds.
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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