Halliburton Company (HAL) was Reiterated by FBR & Co. to “Outperform” according to the research note released today. The brokerage firm has raised the Price Target to $ 58 from a previous price target of $53 . FBR & Co. advised their investors in a research report released on Oct 14, 2016.
Many Wall Street Analysts have commented on Halliburton Company. Halliburton Company was Upgraded by Societe Generale to ” Buy” on Oct 3, 2016. Company shares were Reiterated by FBR Capital on Jul 21, 2016 to “Outperform”, Firm has raised the Price Target to $ 53 from a previous price target of $49 .Halliburton Company was Downgraded by Societe Generale to ” Hold” on Jul 19, 2016.
On the company’s financial health, Halliburton Company reported $-0.14 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on Jul 20, 2016. Analyst had a consensus of $-0.19. The company had revenue of $3835.00 million for the quarter, compared to analysts expectations of $3760.48 million. The company’s revenue was down -35.2 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.44 EPS.
Halliburton Company closed down -0.62 points or -1.31% at $46.64 with 95,04,979 shares getting traded on Tuesday. Post opening the session at $46.91, the shares hit an intraday low of $46.29 and an intraday high of $47.17 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.
In a different news, on Oct 12, 2016, James S Brown (President – Western Hemisphere) sold 28,439 shares at $47.00 per share price. According to the SEC, on Jun 9, 2016, Jeffrey Allen Miller (President) sold 19,776 shares at $45.00 per share price. On May 24, 2016, Eric Carre (EVP Global Business Lines) sold 10,425 shares at $40.47 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 Companys 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 Companys 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.