Insider Selling: Lawrence J. Pope Sells 3,000 Shares of Halliburton Company Stock (HAL)
Halliburton Company (NYSE:HAL) EVP Lawrence J. Pope sold 3,000 shares of the company’s stock on the open market in a transaction dated Tuesday, July 15th. The shares were sold at an average price of $69.97, for a total transaction of $209,910.00. Following the transaction, the executive vice president now directly owns 152,937 shares in the company, valued at approximately $10,701,002. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
A number of research firms have recently commented on HAL. Analysts at Goldman Sachs raised their price target on shares of Halliburton Company from $79.00 to $87.00 in a research note on Thursday, July 10th. Separately, analysts at Susquehanna raised their price target on shares of Halliburton Company from $75.00 to $88.00 in a research note on Wednesday, July 2nd. Finally, analysts at Credit Suisse reiterated an “outperform” rating on shares of Halliburton Company in a research note on Monday, June 23rd. They now have a $79.00 price target on the stock, up previously from $78.00. Six equities research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $73.86.
Halliburton Company (NYSE:HAL) traded down 0.18% during mid-day trading on Friday, hitting $70.22. 856,494 shares of the company’s stock traded hands. Halliburton Company has a 1-year low of $43.78 and a 1-year high of $71.94. The stock’s 50-day moving average is $68. and its 200-day moving average is $59.71. The company has a market cap of $59.302 billion and a P/E ratio of 22.52.
Halliburton Company (NYSE:HAL) last issued its quarterly earnings data on Monday, April 21st. The company reported $0.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.72 by $0.01. The company had revenue of $7.30 billion for the quarter, compared to the consensus estimate of $7.25 billion. During the same quarter in the previous year, the company posted $0.67 earnings per share. The company’s revenue for the quarter was up 5.4% on a year-over-year basis. On average, analysts predict that Halliburton Company will post $3.99 earnings per share for the current fiscal year.
Halliburton Company is an oilfield services company. The Company is provider of services and products to the energy industry related to the exploration, development, and production of oil and natural gas.
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