Halliburton Co. (NYSE:HAL) – Analysts at FBR & Co dropped their Q3 2017 earnings per share (EPS) estimates for shares of Halliburton in a research note issued to investors on Friday. FBR & Co analyst T. Curran now expects that the brokerage will earn $0.30 per share for the quarter, down from their previous forecast of $0.32. FBR & Co has a “Outperform” rating and a $58.00 price objective 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.
Other analysts also recently issued reports about the stock. Johnson Rice reissued an “accumulate” rating on shares of Halliburton in a research note on Monday, July 25th. Citigroup Inc. reissued a “buy” rating on shares of Halliburton in a research note on Saturday, June 25th. Vetr downgraded shares of Halliburton from a “strong-buy” rating to a “buy” rating and set a $50.00 target price on the stock. in a research note on Wednesday, June 22nd. Jefferies Group reissued a “buy” rating and set a $56.00 target price (up from $47.00) on shares of Halliburton in a research note on Monday, July 11th. Finally, Goldman Sachs Group Inc. reissued a “buy” rating on shares of Halliburton in a research note on Tuesday, July 5th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating, twenty-seven have assigned a buy rating and one has issued a strong buy rating to the company. Halliburton currently has an average rating of “Buy” and a consensus price target of $47.30.
Shares of Halliburton (NYSE:HAL) traded up 3.34% on Monday, hitting $48.64. The company’s stock had a trading volume of 3,410,081 shares. Halliburton has a 52 week low of $27.64 and a 52 week high of $48.91. The stock’s 50 day moving average price is $43.84 and its 200 day moving average price is $42.79. The stock’s market capitalization is $41.88 billion.
Halliburton (NYSE:HAL) last issued its quarterly earnings data on Wednesday, October 19th. The oilfield services company reported $0.01 EPS for the quarter, topping the Zacks’ consensus estimate of ($0.07) by $0.08. The company had revenue of $3.83 billion for the quarter, compared to analysts’ expectations of $3.87 billion. Halliburton had a positive return on equity of 3.55% and a negative net margin of 30.50%. The firm’s quarterly revenue was down 31.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.31 earnings per share.
A number of large investors have recently bought and sold shares of HAL. Jennison Associates LLC boosted its stake in Halliburton by 74.6% in the second quarter. Jennison Associates LLC now owns 10,985,623 shares of the oilfield services company’s stock valued at $497,539,000 after buying an additional 4,695,475 shares in the last quarter. FMR LLC boosted its stake in Halliburton by 40.1% in the second quarter. FMR LLC now owns 13,373,769 shares of the oilfield services company’s stock valued at $605,699,000 after buying an additional 3,829,088 shares in the last quarter. Capital World Investors boosted its stake in Halliburton by 13.4% in the second quarter. Capital World Investors now owns 29,055,680 shares of the oilfield services company’s stock valued at $1,315,932,000 after buying an additional 3,440,198 shares in the last quarter. Bank of Montreal Can bought a new stake in Halliburton during the second quarter valued at approximately $126,987,000. Finally, Schroder Investment Management Group boosted its stake in Halliburton by 497.8% in the second quarter. Schroder Investment Management Group now owns 2,473,431 shares of the oilfield services company’s stock valued at $112,022,000 after buying an additional 2,059,670 shares in the last quarter. 79.74% of the stock is currently owned by institutional investors and hedge funds.
In other news, insider James S. Brown sold 28,439 shares of Halliburton stock in a transaction on Monday, October 10th. The shares were sold at an average price of $47.00, for a total transaction of $1,336,633.00. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 0.46% of the company’s stock.
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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