Favorable Press Coverage Somewhat Unlikely to Impact Halliburton (HAL) Stock Price
News headlines about Halliburton (NYSE:HAL) have trended positive on Wednesday, Accern Sentiment reports. The research group identifies positive and negative press coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Halliburton earned a coverage optimism score of 0.26 on Accern’s scale. Accern also gave news coverage about the oilfield services company an impact score of 46.8251105980248 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
These are some of the media stories that may have effected Accern’s analysis:
- Halliburton Company (HAL) has a value of $38.79 per share While … – Stocks Gallery (stocksgallery.com)
- Halliburton Company (HAL) Given a $56.00 Price Target at Jefferies Group LLC (americanbankingnews.com)
- Volume Moving the Tape For Halliburton Co (HAL) – Evergreen Caller (evergreencaller.com)
- A Head-to-head Comparison of Baker Hughes, a GE company (BHGE) and Halliburton Company (HAL) – Economic News (economicsandmoney.com)
- Gauging Short Interest in SPN, HAL, NOV, FMSA, and PTEN (finance.yahoo.com)
Halliburton (HAL) traded down 0.13% during mid-day trading on Wednesday, hitting $38.67. 4,481,885 shares of the stock were exchanged. Halliburton has a 1-year low of $38.18 and a 1-year high of $58.78. The stock has a 50 day moving average price of $41.73 and a 200 day moving average price of $46.52. The company’s market capitalization is $33.70 billion.
Halliburton (NYSE:HAL) last released its earnings results on Monday, July 24th. The oilfield services company reported $0.23 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.18 by $0.05. Halliburton had a positive return on equity of 2.97% and a negative net margin of 0.86%. The business had revenue of $4.96 billion for the quarter, compared to the consensus estimate of $4.86 billion. During the same period in the previous year, the company posted ($0.14) earnings per share. The company’s revenue for the quarter was up 29.3% compared to the same quarter last year. On average, equities analysts anticipate that Halliburton will post $1.12 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 27th. Shareholders of record on Wednesday, September 6th will be issued a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 1.86%. The ex-dividend date is Friday, September 1st. Halliburton’s dividend payout ratio (DPR) is -423.50%.
HAL has been the subject of a number of recent analyst reports. Sanford C. Bernstein reiterated a “buy” rating on shares of Halliburton in a research report on Thursday, May 4th. Zacks Investment Research upgraded shares of Halliburton from a “sell” rating to a “hold” rating in a research report on Thursday, July 20th. Goldman Sachs Group, Inc. (The) reiterated a “buy” rating on shares of Halliburton in a research report on Saturday, July 22nd. Royal Bank Of Canada restated a “buy” rating and issued a $60.00 price objective on shares of Halliburton in a research report on Thursday, July 20th. Finally, Barclays PLC restated an “overweight” rating on shares of Halliburton in a research report on Monday, June 26th. One analyst has rated the stock with a sell rating, four have issued a hold rating, twenty-eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Halliburton currently has an average rating of “Buy” and a consensus target price of $59.13.
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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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