Halliburton Company (HAL) is Downgraded by Societe Generale to Hold

Halliburton Company (HAL) was Downgraded by Societe Generale to ” Hold”. Earlier the firm had a rating of “Buy ” on the company shares. Societe Generale advised their investors in a research report released on Jul 19, 2016.

Many Wall Street Analysts have commented on Halliburton Company. Company shares were Reiterated by KeyBanc Capital Mkts on Jun 21, 2016 to “Overweight”, Firm has raised the Price Target to $ 54 from a previous price target of $45 .Company shares were Reiterated by Scotia Howard Weil on Jun 15, 2016 to “Sector Perform”, Firm has raised the Price Target to $ 45 from a previous price target of $37 .Halliburton Company was Upgraded by Griffin Securities to ” Buy” on May 19, 2016.

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 $45.17 and hit $45.61 on the upside on Monday, eventually ending the session at $45.61, with a gain of 0.33% or 0.15 points. The heightened volatility saw the trading volume jump to 61,05,889 shares. Company has a market cap of $39,191 M.

In a different news, on Jun 9, 2016, Jeffrey Allen Miller (President) sold 19,776 shares at $45.00 per share price. According to the SEC, on May 24, 2016, Eric Carre (EVP Global Business Lines) sold 10,425 shares at $40.47 per share price. On May 13, 2016, James S Brown (President – Western Hemisphere) sold 25,400 shares at $39.67 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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