News coverage about Halliburton (NYSE:HAL) has been trending somewhat positive on Saturday, Accern Sentiment Analysis reports. Accern identifies positive and negative news coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Halliburton earned a news sentiment score of 0.13 on Accern’s scale. Accern also assigned headlines about the oilfield services company an impact score of 45.9880217531414 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
Here are some of the news headlines that may have effected Accern Sentiment’s rankings:
- Global Ammonium Bifluoride Market 2017 Solvay, Honeywell, DDF(MINERSA), Halliburton (lincolntrailpublishing.com)
- Sensabaugh Saga: Washington County school board files motion to dismiss $5 million lawsuit (johnsoncitypress.com)
- Pressure Pumpers Add 3.3 Million HP in 2017, Led by Halliburton (naturalgasintel.com)
- Halliburton strengthens position as world’s leading fracking provider (smartbrief.com)
- Global Wired Drill Pipe Market 2018: Schlumberger Limited, Baker Hughes, The Halliburton Company, IntelliServ – Northwest Trail (nwctrail.com)
Shares of Halliburton (NYSE HAL) traded up $0.98 during midday trading on Friday, reaching $46.99. 7,330,000 shares of the company traded hands, compared to its average volume of 9,920,000. The firm has a market cap of $41,990.00, a P/E ratio of 127.00, a price-to-earnings-growth ratio of 2.26 and a beta of 1.06. The company has a current ratio of 2.22, a quick ratio of 1.72 and a debt-to-equity ratio of 1.25. Halliburton has a 1-year low of $38.18 and a 1-year high of $57.86.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 28th. Investors of record on Wednesday, March 7th will be given a dividend of $0.18 per share. The ex-dividend date is Tuesday, March 6th. This represents a $0.72 annualized dividend and a yield of 1.53%. Halliburton’s dividend payout ratio (DPR) is 194.59%.
A number of equities research analysts have weighed in on HAL shares. Royal Bank of Canada set a $60.00 price target on shares of Halliburton and gave the stock a “buy” rating in a research note on Thursday, December 21st. Piper Jaffray Companies set a $52.00 price target on shares of Halliburton and gave the stock a “buy” rating in a research note on Thursday, December 14th. Jefferies Group set a $57.00 price target on shares of Halliburton and gave the stock a “buy” rating in a research note on Thursday, January 4th. Zacks Investment Research upgraded shares of Halliburton from a “hold” rating to a “buy” rating and set a $54.00 price target on the stock in a research note on Tuesday, December 26th. Finally, Loop Capital reiterated a “buy” rating and set a $69.00 price target (up previously from $57.00) on shares of Halliburton in a research note on Tuesday, January 23rd. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and twenty-three have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $59.09.
In related news, insider Timothy Mckeon sold 1,609 shares of the company’s stock in a transaction dated Wednesday, December 27th. The shares were sold at an average price of $48.99, for a total transaction of $78,824.91. Following the transaction, the insider now owns 18,612 shares in the company, valued at approximately $911,801.88. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Robb L. Voyles sold 5,000 shares of the company’s stock in a transaction dated Thursday, December 28th. The stock was sold at an average price of $48.85, for a total transaction of $244,250.00. Following the transaction, the executive vice president now owns 220,938 shares in the company, valued at approximately $10,792,821.30. The disclosure for this sale can be found here. In the last quarter, insiders have sold 125,922 shares of company stock worth $6,706,509. 0.46% of the stock is owned by corporate insiders.
Halliburton Company provides services and products to the upstream oil and natural gas industry throughout the lifecycle of the reservoir, from locating hydrocarbons and managing geological data, to drilling and formation evaluation, well construction and completion, and optimizing production throughout the life of the field.
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