Media stories about Halliburton (NYSE:HAL) have trended somewhat positive on Sunday, according to Accern Sentiment. The research firm rates the sentiment of news coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Halliburton earned a media sentiment score of 0.22 on Accern’s scale. Accern also assigned media stories about the oilfield services company an impact score of 45.7219568516696 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
These are some of the media stories that may have effected Accern Sentiment’s rankings:
- Halliburton Company (HAL) Receives Outperform Rating from Sanford C. Bernstein (americanbankingnews.com)
- Hodges Capital Management Inc. Cuts Stake in Halliburton Company (NYSE:HAL) (noomag.com)
- Favorable Media Coverage Somewhat Unlikely to Impact Halliburton (NYSE:HAL) Stock Price (fishinghd.com)
- Consensus score reveals Buy position in Stock: Halliburton Company (currenthollywood.com)
- Do Analysts Think You Should Buy Halliburton Company (NYSE:HAL) Stock? (famososartistas.com)
A number of equities research analysts have weighed in on the stock. UBS AG reiterated a “buy” rating and set a $70.00 price target on shares of Halliburton in a research report on Monday, May 15th. Sanford C. Bernstein reiterated an “outperform” rating and set a $53.00 price target on shares of Halliburton in a research report on Wednesday. Royal Bank Of Canada set a $65.00 price target on shares of 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 shares of Halliburton and gave the company a “buy” rating in a research report on Saturday, July 1st. Finally, BidaskClub cut shares of Halliburton from a “sell” rating to a “strong sell” rating in a research report on Wednesday, August 2nd. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating, twenty-eight have given a buy rating and one has issued a strong buy rating to the company. Halliburton has an average rating of “Buy” and a consensus price target of $58.74.
Shares of Halliburton (NYSE HAL) traded down 2.47% during trading on Friday, hitting $40.29. 9,178,227 shares of the stock were exchanged. The firm has a 50 day moving average of $40.63 and a 200-day moving average of $45.49. Halliburton has a 12-month low of $38.18 and a 12-month high of $58.78. The company’s market cap is $35.12 billion.
Halliburton (NYSE:HAL) last announced its quarterly earnings data on Monday, July 24th. The oilfield services company reported $0.23 earnings per share (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 firm had revenue of $4.96 billion for the quarter, compared to analysts’ expectations of $4.86 billion. During the same period last year, the business posted ($0.14) earnings per share. The firm’s revenue for the quarter was up 29.3% on a year-over-year basis. On average, analysts forecast that Halliburton will post $1.12 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 27th. Investors of record on Wednesday, September 6th will be paid a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 1.79%. The ex-dividend date is Friday, September 1st. Halliburton’s dividend payout ratio (DPR) is presently -423.50%.
In related news, EVP Lawrence J. Pope sold 43,000 shares of the firm’s stock in a transaction 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 sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Company insiders own 0.46% of the company’s stock.
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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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