What's The Story Behind Halliburton Company (NYSE:HAL)

Cornelia Mascio
Ottobre 23, 2017

The return on assets stands at -0.6%, Return on Equity now is -1.6% and the Return on Investment value is -22.6%.

Investors are a little more bullish on the company if you look at the fall in short interest.

Halliburton said it completed more oil wells and charged higher prices for fracking in North America, which makes up nearly 60 percent of its overall sales.

As of the last earnings report the EPS was $-0.17 and is expected to be $1.12 for the current year with 871,595,000 shares now outstanding. Ledyard National Bank grew its holdings in Halliburton by 6.5% in the 2nd quarter. The Van Den Berg Management I Inc holds 246,095 shares with $10.51 million value, down from 255,248 last quarter.

Since the start of the New Year, Halliburton Company (NYSE:HAL) shares have seen a move of -19.89%.

As of the end of the quarter Bkd Wealth Advisors, LLC had acquired 304 shares growing its position 3.2%. Halliburton shares that jumped nearly 4 percent shortly after the results were disclosed gave up those gains and more, wiping out $2.15 billion in market value. The value in dollars decreased from $598,000 to $499,000 a change of 16.6% quarter over quarter. Institutional investors own 78.04% of the company's stock.

Company shares are trading at $43.33 marginally under $43.52, the stock's 50 day moving average and slightly below the 200 day moving average of $43.95. As per Friday, August 4, the company rating was maintained by Stifel Nicolaus.

Shares last traded at $43.33 which is just under the 50 day moving average of $43.52 and just a bit lower than the 200 day moving average of $43.95. The stock's market cap is $37.77 billion. Sumitomo Mitsui Trust Inc has invested 0.16% of its portfolio in Halliburton Company (NYSE:HAL). Rockland Tru invested 0.07% in Halliburton Company (NYSE:HAL). Total revenue of $5.4 billion was $101 million higher than the average estimate from analysts. Halliburton Company had a negative net margin of 33.29% and a positive return on equity of 1.82%. Next quarter's EPS is forecasted at $0.07 with next year's EPS anticipated to be $0.57.

The company now has an insider ownership of 0.3 Percent and Institutional ownership of 81.8 Percent. This dividend amount represented a yield of $1.66. Coastline Company owns 17,839 shares for 0.14% of their portfolio. Citigroup maintained the shares of HAL in report on Thursday, October 5 with "Buy" rating.

Halliburton (NYSE:HAL) +1.1% premarket after reporting a solid Q3 earnings beat and revenues that rose 42% Y/Y and 10% Q/Q, driven by better pricing and increased activity in North America. Scotiabank upgraded shares of Halliburton Company to a "buy" rating and set a $62.00 price objective on the stock in a report on Thursday, December 15th. Global Hunter Securities upgraded the stock to "Accumulate" rating in Tuesday, July 21 report.

In order to reach an opinion and communicate the value and volatility of a covered security, analysts research public financial statements, listen in on conference calls and talk to managers and the customers of a company, typically in an attempt to capture the findings for a research report. The stock increased 0.64% or $0.16 on October 20, reaching $25.21. Nomura maintained Halliburton Company (NYSE:HAL) on Thursday, October 20 with "Buy" rating. The firm bought 5,496 shares of the oilfield services company's stock, valued at approximately $253,000. The stock presently has an average rating of "Buy" and a consensus price target of $57.90. The shares were sold at an average price of $39.66, for a total transaction of $1,705,380.00. Another trade for 8,000 shares valued at $370,608 was made by Albrecht William E on Monday, May 15. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

Beta is also an important valuation ratio for analyzing the stock of the company, HAL has its industry and Sector's beta remains at 0.87 and 0.78 respectively. The stock's 52-week range is $38.18 to $58.78.

Altre relazioniGrafFiotech

Discuti questo articolo

Segui i nostri GIORNALE