Halliburton (HAL) Earning Somewhat Positive Media Coverage, Analysis Shows
News articles about Halliburton (NYSE:HAL) have trended somewhat positive on Friday, according to Accern. The research group ranks the sentiment of news 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 positive one, with scores closest to one being the most favorable. Halliburton earned a media sentiment score of 0.18 on Accern’s scale. Accern also gave news coverage about the oilfield services company an impact score of 46.5440336156166 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
These are some of the news articles that may have impacted Accern Sentiment’s analysis:
- Tenaris: Current Valuation Easily Reconciled (seekingalpha.com)
- Global Unconventional Reservoir Market 2017 Top Players : Schlumberger Limited, Halliburton Company, CGG (sbwire.com)
- Global Oilfield Equipment Rental Market 2017 Top Players : Halliburton Company, Schlumberger Limited, Weatherford International (sbwire.com)
- Schlumberger’s Gamble Could Change Oilfield Services Forever (seekingalpha.com)
- Halliburton Co. breached its 50 day moving average in a Bullish Manner : HAL-US : September 14, 2017 (finance.yahoo.com)
Several equities research analysts recently weighed in on the company. Royal Bank Of Canada set a $65.00 price target on Halliburton and gave the company a “buy” rating in a research report on Saturday, June 24th. Credit Suisse Group set a $60.00 price target on Halliburton and gave the company a “buy” rating in a research report on Saturday, July 1st. Morgan Stanley restated an “overweight” rating and set a $60.00 price target (down from $67.00) on shares of Halliburton in a research report on Wednesday, June 21st. Jefferies Group LLC restated a “buy” rating and set a $69.00 price target on shares of Halliburton in a research report on Friday, June 30th. Finally, BidaskClub upgraded Halliburton from a “sell” rating to a “hold” rating in a research report on Wednesday, July 19th. Two analysts have rated the stock with a sell rating, three have given a hold rating, twenty-nine have assigned a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $58.61.
Shares of Halliburton (NYSE:HAL) traded up 0.31% during mid-day trading on Friday, reaching $42.31. The company’s stock had a trading volume of 8,173,031 shares. Halliburton has a 12-month low of $38.18 and a 12-month high of $58.78. The firm’s market cap is $36.88 billion. The firm’s 50-day moving average price is $40.41 and its 200 day moving average price is $45.08.
Halliburton (NYSE:HAL) last posted its quarterly earnings data 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 company had revenue of $4.96 billion during the quarter, compared to analyst estimates of $4.86 billion. During the same period in the previous year, the business earned ($0.14) EPS. Halliburton’s quarterly revenue was up 29.3% on a year-over-year basis. On average, analysts expect that Halliburton will post $1.12 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 27th. Shareholders of record on Wednesday, September 6th will be paid a dividend of $0.18 per share. The ex-dividend date of this dividend is Friday, September 1st. This represents a $0.72 annualized dividend and a yield of 1.70%. Halliburton’s dividend payout ratio (DPR) is currently -423.50%.
In other Halliburton news, EVP Lawrence J. Pope sold 43,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 5th. The stock was sold at an average price of $39.66, for a total transaction of $1,705,380.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.46% of the stock is currently owned by insiders.
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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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