Halliburton (HAL) Earning Somewhat Positive News Coverage, Analysis Shows
Media headlines about Halliburton (NYSE:HAL) have been trending somewhat positive on Wednesday, according to Accern Sentiment Analysis. The research firm rates the sentiment of media coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Halliburton earned a coverage optimism score of 0.14 on Accern’s scale. Accern also assigned press coverage about the oilfield services company an impact score of 46.2720279081563 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
Here are some of the media headlines that may have effected Accern Sentiment Analysis’s analysis:
- Short Interest in Halliburton Company (HAL) Decreases By 14.8% (americanbankingnews.com)
- Second Circuit Clarifies How Price Impact Can Be Rebutted at the Class Certification Stage in Securities Fraud Class Actions (jdsupra.com)
- Halliburton’s 1-Week Returns on February 9 (finance.yahoo.com)
- Halliburton: What A Beauty (seekingalpha.com)
- Lousy Earnings Growth Keep Halliburton (HAL) a Sell at recent price of $47.41 (investorplace.com)
Halliburton (NYSE HAL) traded up $0.48 during mid-day trading on Wednesday, hitting $47.87. 8,725,891 shares of the stock were exchanged, compared to its average volume of 10,430,000. The company has a market cap of $41,770.00, a PE ratio of 129.38, a PEG ratio of 2.29 and a beta of 0.96. The company has a quick ratio of 1.72, a current ratio of 2.22 and a debt-to-equity ratio of 1.25. Halliburton has a one year low of $38.18 and a one year high of $57.86.
A number of analysts recently weighed in on the company. Jefferies Group set a $65.00 price objective on Halliburton and gave the company a “buy” rating in a report on Tuesday, January 23rd. Barclays set a $66.00 price objective on Halliburton and gave the company a “buy” rating in a report on Tuesday, January 23rd. Cowen restated a “hold” rating and issued a $60.00 price objective on shares of Halliburton in a report on Tuesday, January 23rd. B. Riley increased their price objective on Halliburton from $55.00 to $65.00 and gave the company a “buy” rating in a report on Wednesday, January 24th. Finally, JPMorgan Chase & Co. set a $60.00 price objective on Halliburton and gave the company a “buy” rating in a report on Tuesday, January 23rd. One analyst has rated the stock with a sell rating, five have given a hold rating, twenty-two have issued a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $59.73.
In other news, VP Anne L. Beaty sold 2,937 shares of the stock in a transaction dated Monday, January 8th. The shares were sold at an average price of $51.57, for a total transaction of $151,461.09. Following the transaction, the vice president now owns 60,839 shares of the company’s stock, valued at approximately $3,137,467.23. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Timothy Mckeon sold 1,609 shares of the stock in a transaction dated Wednesday, December 27th. The stock was sold at an average price of $48.99, for a total transaction of $78,824.91. Following the transaction, the insider now directly owns 18,612 shares in the company, valued at approximately $911,801.88. The disclosure for this sale can be found here. Insiders have sold a total of 164,507 shares of company stock worth $8,380,429 in the last three months. Insiders own 0.47% of the company’s stock.
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.
Receive News & Ratings for Halliburton Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Halliburton and related companies with MarketBeat.com's FREE daily email newsletter.