28 May, 2017
KLR Group upgraded the shares of HAL in report on Thursday, January 28 to "Buy" rating. Jefferies Group LLC's price target points to a potential upside of 51.95% from the stock's previous close.
HAL has been the topic of a number of other research reports. Finally, Citigroup Inc reiterated an "overweight" rating and issued a $64.00 price objective (up from $63.00) on shares of Halliburton Company in a research note on Saturday, March 11th. From the opening price, the stock has seen a change of 1.08% recently clocking in with a price of $63.68. FBR & Co lifted their price target on shares of Halliburton Company from $69.00 to $70.00 and gave the stock an "outperform" rating in a report on Wednesday, February 22nd. Analysts pegging the company with a rating of 3 would be indicating a Hold recommendation.
Waddell & Reed Financial Inc, which manages about $14.31 billion and $45.64B US Long portfolio, upped its stake in Monro Muffler Brake Inc (NASDAQ:MNRO) by 378,170 shares to 985,759 shares, valued at $56.39 million in 2016Q4, according to the filing. Halliburton Company has an average rating of "Buy" and an average price target of $60.92. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating, thirty have assigned a buy rating and one has assigned a strong buy rating to the company's stock. No trade can occur until someone is willing to sell a stock at a price that another is willing to buy it at.
For the current quarter Halliburton Company (NYSE:HAL) has high EPS estimates of $0.2 in contradiction of low EPS estimates of $0.14. Traders bought 1,333 put options on the company. Checchi Capital Advisers Lc accumulated 7,924 shares or 0.06% of the stock. The stock decreased 4.82% or $2.3 during the last trading session, reaching $45.41. Halliburton Company has a 12 month low of $40.12 and a 12 month high of $58.78. Miller Jeffrey Allen also sold $632,603 worth of Halliburton Company (NYSE:HAL) on Monday, December 5. This is an increase of 177% compared to the average volume of 481 put options.
Halliburton Company (NYSE:HAL) last announced its quarterly earnings data on Monday, April 24th. For the quarter, shares have been noted at -0.80%. The firm had revenue of $4.28 billion during the quarter, compared to analyst estimates of $4.30 billion. Moreover, Ontario Teachers Pension Plan Board has 0.02% invested in Halliburton Company (NYSE:HAL) for 26,877 shares. $1.35M worth of Halliburton Company (NYSE:HAL) was sold by Rainey Joe D. During the same quarter in the previous year, the firm posted $0.07 EPS. Equities research analysts anticipate that Halliburton Company will post $0.97 earnings per share for the current fiscal year. Shareholders of record on Wednesday, June 7th will be paid a $0.18 dividend. The ex-dividend date of this dividend is Monday, June 5th. This represents a $0.72 annualized dividend and a yield of 1.57%.
Halliburton Company (NYSE:HAL) opened at 46.78 on Tuesday.
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More notable recent Halliburton Company (NYSE:HAL) news were published by: Seekingalpha.com which released: "Halliburton: "The Market Is A Tale Of 2 Cycles" on April 27, 2017, also Seekingalpha.com with their article: "Halliburton's (HAL) CEO Jeff Miller Presents at UBS Oil and Gas Conference ..." published on May 23, 2017, Seekingalpha.com published: "Halliburton's CEO Exits Stage Left" on May 24, 2017. The correct version of this piece can be viewed at https://www.themarketsdaily.com/2017/05/26/halliburton-company-hal-director-william-e-albrecht-acquires-8000-shares-updated.html. It becomes significant when you consider how many shares are shorted versus the average daily volume, means how many days to cover those short shares at that volume. Following the transaction, the director now owns 8,000 shares in the company, valued at $370,640. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In a transaction dated March 08, 2017, the shares were put up for sale at an average price of $52.63, raking in a sum of $38,209. The stock was sold at an average price of $52.63, for a total transaction of $38,209.38. After this sale, 15,418 common shares of HAL are directly owned by the insider, with total stake valued at $700,131. The disclosure for this sale can be found here. Glg Limited Liability Company holds 0.22% or 60,181 shares.
On the other hand the company has Relative Strength Index (RSI 14) of 42.52 along with Average True Range (ATR 14) of 1.24, Consequently Halliburton Company (NYSE:HAL)'s weekly and monthly volatility is 3.31%, 2.41% respectively. Share performance for the month is now at 4.92%. Hanson McClain Inc. raised its stake in shares of Halliburton Company by 0.8% in the first quarter. Point72 Asset Management L.P. now owns 2,042,001 shares of the oilfield services company's stock valued at $100,487,000 after buying an additional 650,645 shares in the last quarter. Pictet & Cie Europe SA boosted its stake in shares of Halliburton Company by 6.2% in the third quarter. Jennison Associates LLC now owns 17,365,068 shares of the oilfield services company's stock worth $779,344,000 after buying an additional 6,379,445 shares during the last quarter.
Compton Capital Management Inc decreased its stake in Halliburton Co (HAL) by 66.32% based on its latest 2016Q4 regulatory filing with the SEC.
A number of institutional investors have recently added to or reduced their stakes in the company.
