Jefferies Group LLC set a $69.00 price objective on Halliburton Company and gave the company a "buy" rating in a research note on Monday.
Several investment firms issued their expert ratings on Halliburton Company (HAL) in which Bernstein Initiates Coverage On Halliburton Company (HAL) to Outperform by settling a price target of $64 on 12/02/16. The stock was sold at an average price of $58.04, for a total transaction of $50,726.96. The stock now shows its YTD (Year to Date) performance of -8.49 percent while its Weekly performance value is -1.04%. HSBC upgraded Halliburton Company (NYSE:HAL) rating on Saturday, September 5. Halliburton Company (NYSE:HAL)'s distance from 20 day simple moving average is -4.06% whereas its distance from 50 day simple moving average is -8.45% along with -3.65% distance from 200 day simple moving average. Insiders own 0.30% of the company shares.
Annual earnings per share (EPS) growth noted at -53.00% in past 5 Years and Long-term annual earnings per share (EPS) growth is expected to reach -2.30% in coming 5 years. This is an increase of approximately 195% compared to the typical volume of 8,388 call options. TRUE Private Wealth Advisors increased its position in Halliburton Company by 4.7% in the first quarter. The oilfield services company reported $0.04 EPS for the quarter, beating the Zacks' consensus estimate of $0.03 by $0.01.
According to sentiments of 27 analysts the company is expected to report revenues of $4.26B for the current quarter. Halliburton Company P/E (price to earnings) ratio is 0 and Forward P/E ratio of 17.17. The company realized higher revenue on a sequential and year-over-year basis. Over the last 90 days, insiders sold 5,717 shares of company stock valued at $321,990. Capital One Financial Corp. also issued estimates for Halliburton Company's Q3 2017 earnings at $0.38 EPS, Q4 2017 earnings at $0.49 EPS, FY2017 earnings at $1.07 EPS and FY2018 earnings at $2.82 EPS. Stockholders of record on Wednesday, March 1st were paid a dividend of $0.18 per share. It has a dividend yield of 1.51%. The company has a consensus rating of "Buy" and a consensus target price of $59.69. The Q2 2017 consensus earnings estimates for the company have stabilized at US$0.15 per share. The stock was sold at an average price of $50.28, for a total value of $36,453.00.
The number of shares now held by investors is 867.25 Million. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
In other news, insider Myrtle L. Jones sold 3,392 shares of the firm's stock in a transaction that occurred on Friday, January 27th. The shares were sold at an average price of $57.96, for a total transaction of $196,600.32. The disclosure for this purchase can be found here.
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When we have a peek on stock's historical trends we come to know that, the stock has slipped -2.73% in the past one week and plunged -5.56% during previous one month drive, the stock went down -16.35% during past quarter.
A number of large investors have recently bought and sold shares of the company. IndexIQ Advisors LLC increased its stake in Halliburton Company by 114.4% in the third quarter. Analysts reported that the Price Target for Halliburton Company might touch $73 high while the Average Price Target and Low price Target is $62.87 and $38 respectively. The Market Capitalization of the company stands at 40.59 Billion. There may be various price targets for a stock.
Here's a quick rundown of the oil service company's most recent quarterly results and why management made a decision to shoot for rapid revenue growth in this particular quarter, as well as what this could mean for the rest of 2017. Finally, Royal Bank of Canada reissued a "buy" rating and set a $65.00 target price on shares of Halliburton Company in a research note on Monday, April 3rd. Finally, Exane Derivatives boosted its stake in Halliburton Company by 24.2% in the third quarter.
The company logo of Halliburton oilfield services corporate offices is seen in Houston, Texas April 6, 2012.
A number of hedge funds have recently added to or reduced their stakes in the stock.
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