Somewhat Positive News Coverage Somewhat Unlikely to Affect Halliburton (HAL) Stock Price
Headlines about Halliburton (NYSE:HAL) have trended somewhat positive this week, according to Accern Sentiment. The research firm scores the sentiment of media coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Halliburton earned a news impact score of 0.18 on Accern’s scale. Accern also gave media headlines about the oilfield services company an impact score of 46.4288391840658 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
These are some of the news stories that may have impacted Accern’s analysis:
- Ruling Limits Government’s Power to Police Offshore Drilling (pogo.org)
- Tudor, Pickering, Holt starts new practice with former Halliburton exec (bizjournals.com)
- Halliburton Company (HAL) Stock Rating Reaffirmed by Cowen and Company (americanbankingnews.com)
- Q4 2017 Earnings Forecast for Halliburton Company Issued By Capital One Financial Corporation (HAL) (americanbankingnews.com)
- Halliburton Company (HAL) Lifted to C- at TheStreet (americanbankingnews.com)
Halliburton (HAL) traded down 0.75% during mid-day trading on Friday, hitting $44.75. The stock had a trading volume of 11,162,207 shares. Halliburton has a 1-year low of $38.18 and a 1-year high of $58.78. The firm’s market cap is $39.00 billion. The stock has a 50 day moving average of $41.91 and a 200-day moving average of $44.29.
Halliburton (NYSE:HAL) last posted its quarterly earnings results on Monday, July 24th. The oilfield services company reported $0.23 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.18 by $0.05. The company had revenue of $4.96 billion for the quarter, compared to the consensus estimate of $4.86 billion. Halliburton had a positive return on equity of 2.97% and a negative net margin of 0.86%. The firm’s quarterly revenue was up 29.3% on a year-over-year basis. During the same quarter in the prior year, the business posted ($0.14) EPS. Analysts predict that Halliburton will post $1.11 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, September 27th. Stockholders of record on Wednesday, September 6th were paid a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.61%. The ex-dividend date of this dividend was Friday, September 1st. Halliburton’s dividend payout ratio (DPR) is currently -423.50%.
Several equities research analysts recently commented on HAL shares. ValuEngine downgraded Halliburton from a “hold” rating to a “sell” rating in a report on Friday, September 1st. Jefferies Group LLC set a $56.00 price objective on Halliburton and gave the stock a “buy” rating in a report on Monday, August 28th. Zacks Investment Research upgraded Halliburton from a “sell” rating to a “hold” rating in a report on Thursday, July 20th. Goldman Sachs Group, Inc. (The) restated a “buy” rating on shares of Halliburton in a report on Saturday, July 22nd. Finally, Royal Bank Of Canada restated a “buy” rating and set a $60.00 price objective on shares of Halliburton in a report on Thursday, July 20th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating, twenty-nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Halliburton has a consensus rating of “Buy” and a consensus price target of $57.99.
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In other news, EVP Lawrence J. Pope sold 43,000 shares of the stock in a transaction on Tuesday, September 5th. The stock was sold at an average price of $39.66, for a total value of $1,705,380.00. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.46% of the company’s stock.
Halliburton 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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