Halliburton Company (HAL) Releases Earnings Results, Beats Expectations By $0.07 EPS

Halliburton Company (HAL) announced its most recent quarterly financial results on Wednesday, Oct-19-2016. HAL said it had a profit of $0.01 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.07. Analysts had a consensus of $-0.06. The company posted revenue of $3833.00 million in the period, compared to analysts expectations of $3897.16 million. HAL’s revenue was down -31.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.31 EPS.

Many Wall Street Analysts have commented on Halliburton Company. Company shares were Reiterated by FBR & Co. on Oct 14, 2016 to “Outperform”, Firm has raised the Price Target to $ 58 from a previous price target of $53 .Halliburton Company was Upgraded by Societe Generale to ” Buy” on Oct 3, 2016.

Halliburton Company closed down -0.05 points or -0.11% at $46.97 with 73,53,354 shares getting traded on Friday. Post opening the session at $47.46, the shares hit an intraday low of $46.84 and an intraday high of $47.83 and the price fluctuated in this range throughout the day.Shares ended Friday 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 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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