Headlines about Halliburton (NYSE:HAL) have trended somewhat positive recently, Accern Sentiment reports. Accern scores the sentiment of news coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Halliburton earned a daily sentiment score of 0.14 on Accern’s scale. Accern also assigned news coverage about the oilfield services company an impact score of 46.5642083939971 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
These are some of the news articles that may have effected Accern’s scoring:
- Lousy Earnings Growth Keep Halliburton (HAL) a Sell at recent price of $47.41 (investorplace.com)
- Weatherford International Can’t Make Any Progress Toward a Profitable Future Like This (fool.com)
- Comparing Capex Growth for SLB and HAL in 4Q17 (finance.yahoo.com)
- Weatherford International Can't Make Any Progress Toward a Profitable Future Like This (finance.yahoo.com)
- How the Rig Count Affected SLB and HAL in 4Q17 (finance.yahoo.com)
A number of research firms have recently weighed in on HAL. Atlantic Securities raised shares of Halliburton from an “underweight” rating to a “neutral” rating in a research report on Monday, January 29th. Barclays set a $66.00 target price on shares of Halliburton and gave the stock a “buy” rating in a research report on Tuesday, January 23rd. Jefferies Group set a $65.00 target price on shares of Halliburton and gave the stock a “buy” rating in a research report on Tuesday, January 23rd. B. Riley upped their price target on shares of Halliburton from $55.00 to $65.00 and gave the stock a “buy” rating in a research note on Wednesday, January 24th. Finally, Cowen reiterated a “hold” rating and issued a $60.00 price target on shares of Halliburton in a research note on Tuesday, January 23rd. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, twenty-two have issued a buy rating and one has assigned a strong buy rating to the stock. Halliburton presently has an average rating of “Buy” and an average target price of $59.73.
Halliburton (NYSE:HAL) last posted its earnings results on Monday, January 22nd. The oilfield services company reported $0.53 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.46 by $0.07. The business had revenue of $5.94 billion for the quarter, compared to analysts’ expectations of $5.63 billion. Halliburton had a negative net margin of 2.25% and a positive return on equity of 11.95%. The business’s revenue for the quarter was up 47.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.04 EPS. equities research analysts forecast that Halliburton will post 2.62 earnings per share for the current fiscal year.
In other news, EVP Robb L. Voyles sold 39,287 shares of the stock in a transaction that occurred on Monday, January 22nd. The shares were sold at an average price of $55.00, for a total value of $2,160,785.00. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Lawrence J. Pope sold 9,100 shares of the stock in a transaction that occurred on Monday, November 27th. The stock was sold at an average price of $41.35, for a total transaction of $376,285.00. Following the completion of the transaction, the executive vice president now owns 180,646 shares in the company, valued at approximately $7,469,712.10. The disclosure for this sale can be found here. Insiders have sold a total of 164,507 shares of company stock worth $8,380,429 in the last 90 days. Company insiders own 0.46% of the company’s stock.
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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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