Somewhat Positive Press Coverage Very Likely to Affect Halliburton Company (NYSE:HAL) Share Price
Press coverage about Halliburton Company (NYSE:HAL) has trended somewhat positive this week, according to Accern Sentiment. The research firm identifies negative and positive news coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Halliburton Company earned a news sentiment score of 0.13 on Accern’s scale. Accern also gave news articles about the oilfield services company an impact score of 82 out of 100, meaning that recent news coverage is very likely to have an effect on the stock’s share price in the near term.
Here are some of the news headlines that may have effected Accern’s analysis:
- Now that oil and gas jobs are in demand again, will workers return … – Pittsburgh Post-Gazette (post-gazette.com)
- BMO Capital Markets Trims Halliburton Company (NYSE:HAL) Target Price to $51.00 (americanbankingnews.com)
- Halliburton Sees Oil Price Spike By 2020 – OilPrice.com (oilprice.com)
- PDVSA, Halliburton chart path forward in Venezuela (bnamericas.com)
A number of analysts recently weighed in on HAL shares. Jefferies Group LLC set a $69.00 target price on shares of Halliburton Company and gave the company a “buy” rating in a research note on Monday, April 24th. BMO Capital Markets set a $65.00 target price on shares of Halliburton Company and gave the company a “buy” rating in a research note on Monday, April 24th. Deutsche Bank AG lowered their target price on shares of Halliburton Company from $64.00 to $57.00 and set a “buy” rating on the stock in a research note on Tuesday, April 25th. HSBC Holdings plc started coverage on shares of Halliburton Company in a research note on Wednesday, April 19th. They issued a “buy” rating and a $65.00 target price on the stock. Finally, Royal Bank Of Canada reissued a “buy” rating and issued a $65.00 target price on shares of Halliburton Company in a research note on Monday, April 3rd. Four investment analysts have rated the stock with a sell rating, four have issued a hold rating, twenty-seven have assigned a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $59.78.
Halliburton Company (NYSE HAL) traded up 1.03% during midday trading on Friday, reaching $44.22. 7,946,901 shares of the company’s stock traded hands. The stock’s 50 day moving average price is $44.82 and its 200 day moving average price is $50.32. The firm’s market cap is $38.38 billion. Halliburton Company has a 1-year low of $40.12 and a 1-year high of $58.78.
Halliburton Company (NYSE:HAL) last posted its quarterly earnings data on Monday, April 24th. The oilfield services company reported $0.04 EPS for the quarter, beating the Zacks’ consensus estimate of $0.03 by $0.01. Halliburton Company had a negative net margin of 21.19% and a negative return on equity of 0.48%. The company had revenue of $4.28 billion for the quarter, compared to analyst estimates of $4.30 billion. During the same period in the prior year, the firm posted $0.07 EPS. The company’s quarterly revenue was up 1.9% on a year-over-year basis. Equities research analysts anticipate that Halliburton Company will post $1.01 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 27th. Stockholders of record on Wednesday, September 6th will be paid a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.63%. Halliburton Company’s dividend payout ratio is currently -18.32%.
In related news, Director William E. Albrecht bought 8,000 shares of the company’s stock in a transaction that occurred on Monday, May 15th. The shares were bought at an average price of $46.33 per share, for a total transaction of $370,640.00. Following the transaction, the director now directly owns 8,000 shares of the company’s stock, valued at $370,640. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.46% of the stock is owned by insiders.
Halliburton Company Company Profile
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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