Halliburton Company (HAL) is Upgraded by Griffin Securities to Buy

Halliburton Company (HAL) was Upgraded by Griffin Securities to ” Buy”. Earlier the firm had a rating of “Neutral ” on the company shares. Griffin Securities advised their investors in a research report released on May 19, 2016.

Many Wall Street Analysts have commented on Halliburton Company. Company shares were Upgraded by FBR Capital on May 17, 2016 to ” Outperform”, Firm has raised the Price Target to $ 49 from a previous price target of $44 .Halliburton Company was Resumed by Goldman to “Buy” on May 9, 2016. Company shares were Reiterated by UBS on May 4, 2016 to “Buy”, Firm has raised the Price Target to $ 50 from a previous price target of $45 .

On the company’s financial health, Halliburton Company reported $0.07 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on May 3, 2016. Analyst had a consensus of $0.04. The company had revenue of $4198.00 million for the quarter, compared to analysts expectations of $4147.00 million. The company’s revenue was down -40.5 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.49 EPS.

Halliburton Company opened for trading at $39.53 and hit $40.465 on the upside on Monday, eventually ending the session at $40.18, with a gain of 2.87% or 1.12 points. The heightened volatility saw the trading volume jump to 1,07,21,545 shares. Company has a market cap of $34,525 M.

In a different news, on May 13, 2016, James S Brown (President – Western Hemisphere) sold 25,400 shares at $39.67 per share price. According to the SEC, on Aug 24, 2015, Murry Gerber (director) purchased 3,400 shares at $39.30 per share price. On May 7, 2015, Jeffrey Allen Miller (President) sold 6,000 shares at $50.00 per share price, according to the Form-4 filing with the securities and exchange commission.

Halliburton Company is a provider of services and products to the upstream oil and natural gas industry. The Company operates operate under two divisions which form the basis for its two operating segments: the Completion and Production segment and the Drilling and Evaluation segment. The Company’s Completion and Production segment delivers cementing stimulation intervention pressure control specialty chemicals artificial lift and completion products and services. Production Enhancement services include stimulation services and sand control services. The Company’s Drilling and Evaluation segment provides field and reservoir modeling drilling evaluation and precise wellbore placement solutions. The Company conducts its business in approximately 80 countries.

Halliburton Company

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