Media stories about Halliburton (NYSE:HAL) have trended somewhat positive on Wednesday, Accern Sentiment reports. Accern ranks the sentiment of media coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Halliburton earned a coverage optimism score of 0.11 on Accern’s scale. Accern also gave news articles about the oilfield services company an impact score of 46.0848688995369 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
Here are some of the media stories that may have impacted Accern Sentiment Analysis’s analysis:
- UPDATE 2-Capita names former Amec boss as CEO to lead turnaround (cnbc.com)
- NXP Semiconductors Moves Up In Market Cap Rank, Passing Halliburton (marketnewsvideo.com)
- Halliburton, Patterson-UTI, C&J top three on Deutsche Bank oil services list (seekingalpha.com)
- TUESDAY MARKETS: US stocks rise on forecasts from Wal-Mart and airlines (msbusiness.com)
Halliburton (NYSE:HAL) traded up 1.07% during mid-day trading on Wednesday, reaching $45.51. Halliburton has a 1-year low of $38.18 and a 1-year high of $58.78. The firm has a 50-day moving average price of $42.46 and a 200-day moving average price of $44.15. The firm’s market cap is $39.67 billion.
Halliburton (NYSE:HAL) last issued its quarterly earnings results on Monday, July 24th. The oilfield services company reported $0.23 earnings per share (EPS) for the quarter, beating 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 analyst estimates of $4.86 billion. During the same period in the previous year, the firm earned ($0.14) earnings per share. The company’s revenue was up 29.3% compared to the same quarter last year. Equities research analysts anticipate that Halliburton will post $1.11 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 27th. Shareholders of record on Wednesday, September 6th were paid a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 1.58%. The ex-dividend date of this dividend was Friday, September 1st. Halliburton’s dividend payout ratio (DPR) is presently -423.50%.
HAL has been the topic of several research analyst reports. Zacks Investment Research raised shares of Halliburton from a “sell” rating to a “hold” rating in a research note on Tuesday. Deutsche Bank AG began coverage on shares of Halliburton in a research note on Tuesday. They issued a “buy” rating and a $54.00 price objective on the stock. Cowen and Company set a $50.00 price objective on shares of Halliburton and gave the stock a “hold” rating in a research note on Friday, October 6th. TheStreet raised shares of Halliburton from a “d+” rating to a “c-” rating in a research note on Friday, September 29th. Finally, Citigroup Inc. lifted their price objective on shares of Halliburton from $52.00 to $54.00 and gave the stock a “buy” rating in a research note on Thursday, October 5th. One analyst has rated the stock with a sell rating, four have assigned a hold rating, twenty-nine have issued a buy rating and one has given a strong buy rating to the stock. Halliburton presently has a consensus rating of “Buy” and a consensus price target of $57.88.
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In other news, EVP Lawrence J. Pope sold 43,000 shares of the business’s stock in a transaction that occurred 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 0.47% of the company’s stock.
Halliburton Company Profile
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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