Halliburton Co. (NYSE:HAL) – Research analysts at Seaport Global Securities boosted their Q1 2017 earnings per share (EPS) estimates for Halliburton in a report issued on Wednesday. Seaport Global Securities analyst M. Brown now anticipates that the firm will post earnings per share of $0.06 for the quarter, up from their previous estimate of $0.05. Seaport Global Securities has a “Buy” rating on the stock. Seaport Global Securities also issued estimates for Halliburton’s Q2 2017 earnings at $0.17 EPS, Q4 2017 earnings at $0.42 EPS, FY2017 earnings at $0.94 EPS, Q1 2018 earnings at $0.55 EPS, Q3 2018 earnings at $0.83 EPS and FY2018 earnings at $3.01 EPS.
A number of other equities analysts also recently commented on HAL. Jefferies Group reiterated a “buy” rating and issued a $56.00 price target (up from $47.00) on shares of Halliburton in a research note on Monday, July 11th. Johnson Rice restated an “accumulate” rating on shares of Halliburton in a research note on Monday, July 25th. Zacks Investment Research downgraded Halliburton from a “buy” rating to a “hold” rating in a research note on Friday. Nomura restated a “buy” rating and issued a $53.00 target price on shares of Halliburton in a research note on Thursday, July 21st. Finally, Deutsche Bank AG lifted their target price on Halliburton from $49.00 to $50.00 and gave the company a “buy” rating in a research note on Thursday, July 21st. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating, twenty-seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $47.30.
Shares of Halliburton (NYSE:HAL) opened at 46.97 on Thursday. The firm’s market capitalization is $40.45 billion. The company has a 50 day moving average price of $43.73 and a 200-day moving average price of $42.52. Halliburton has a 12 month low of $27.64 and a 12 month high of $47.96.
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, beating 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 business’s revenue was down 35.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.44 EPS.
In related news, insider James S. Brown sold 28,439 shares of the company’s stock in a transaction dated Monday, October 10th. The shares were sold at an average price of $47.00, for a total value of $1,336,633.00. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.46% of the stock is currently owned by corporate insiders.
A number of hedge funds have recently bought and sold shares of the stock. Johnson Financial Group Inc. boosted its stake 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 boosted its stake 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 boosted its stake 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 boosted its stake 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. acquired a new stake in Halliburton during the second quarter worth $120,000. 79.64% of the stock is currently 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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