Halliburton Company Insider Unloads $715,000 in Stock (HAL)

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Halliburton Company (NYSE:HAL) Insider James S. Brown sold 10,000 shares of Halliburton Company stock in a transaction that occurred on Wednesday, July 16th. The shares were sold at an average price of $71.50, for a total transaction of $715,000.00. Following the completion of the sale, the insider now directly owns 308,967 shares of the company’s stock, valued at approximately $22,091,141. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

HAL has been the subject of a number of recent research reports. Analysts at Goldman Sachs raised their price target on shares of Halliburton Company from $79.00 to $87.00 in a research note on Thursday, July 10th. Separately, analysts at Susquehanna raised their price target on shares of Halliburton Company from $75.00 to $88.00 in a research note on Wednesday, July 2nd. Finally, analysts at Credit Suisse reiterated an “outperform” rating on shares of Halliburton Company in a research note on Monday, June 23rd. They now have a $79.00 price target on the stock, up previously from $78.00. Six research analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the company. Halliburton Company has a consensus rating of “Buy” and an average target price of $73.86.

Shares of Halliburton Company (NYSE:HAL) traded up 0.82% during mid-day trading on Friday, hitting $70.93. The stock had a trading volume of 7,112,095 shares. Halliburton Company has a 1-year low of $43.78 and a 1-year high of $71.94. The stock’s 50-day moving average is $68.72 and its 200-day moving average is $59.86. The company has a market cap of $59.902 billion and a P/E ratio of 22.52.

Halliburton Company (NYSE:HAL) last issued its quarterly earnings data on Monday, April 21st. The company reported $0.73 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.72 by $0.01. The company had revenue of $7.30 billion for the quarter, compared to the consensus estimate of $7.25 billion. During the same quarter in the prior year, the company posted $0.67 earnings per share. The company’s quarterly revenue was up 5.4% on a year-over-year basis. Analysts expect that Halliburton Company will post $3.99 EPS for the current fiscal year.

Halliburton Company is an oilfield services company. The Company is provider of services and products to the energy industry related to the exploration, development, and production of oil and natural gas.

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