Somewhat Favorable Media Coverage Somewhat Unlikely to Affect Halliburton (HAL) Stock Price
News headlines about Halliburton (NYSE:HAL) have been trending somewhat positive this week, according to Accern Sentiment Analysis. Accern identifies negative and positive press coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Halliburton earned a media sentiment score of 0.19 on Accern’s scale. Accern also gave news stories about the oilfield services company an impact score of 46.6035745880095 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
Here are some of the media headlines that may have effected Accern’s rankings:
- Needle Action Activity Spotted in Halliburton Company (HAL.DE) – Sparta Review (spartareview.com)
- Norges Bank Increases Its Ownership in Halliburton Company (HAL) Stock – First News 24 (firstnewspaper24.com)
- FTS International Inc. — Moody’s upgrades FTS International to Caa1; outlook positive (finance.yahoo.com)
- Which Large Oilfield Services Stocks Are Outperforming the Industry? (finance.yahoo.com)
- Is Halliburton’s Revenue Rising Faster than Peers’ Revenues? (finance.yahoo.com)
Halliburton (NYSE:HAL) traded up 0.63% during trading on Wednesday, hitting $41.29. The stock had a trading volume of 6,396,729 shares. The company has a 50 day moving average of $42.96 and a 200-day moving average of $48.31. Halliburton has a 12-month low of $40.12 and a 12-month high of $58.78. The company’s market cap is $35.99 billion.
Halliburton (NYSE:HAL) last issued its quarterly earnings data on Monday, July 24th. The oilfield services company reported $0.23 EPS for the quarter, beating the Zacks’ consensus estimate of $0.18 by $0.05. The business had revenue of $4.96 billion for the quarter, compared to analyst estimates of $4.86 billion. Halliburton had a positive return on equity of 2.97% and a negative net margin of 0.86%. The firm’s revenue for the quarter was up 29.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.14) EPS. On average, equities analysts predict that Halliburton will post $1.12 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 27th. Stockholders of record on Wednesday, September 6th will be issued a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.74%. The ex-dividend date is Friday, September 1st. Halliburton’s dividend payout ratio is -423.50%.
A number of equities research analysts have commented on HAL shares. BMO Capital Markets set a $67.00 target price on Halliburton and gave the company a “buy” rating in a report on Wednesday, April 12th. HSBC Holdings plc started coverage on Halliburton in a report on Wednesday, April 19th. They issued a “buy” rating and a $65.00 target price for the company. Deutsche Bank AG reduced their target price on Halliburton from $64.00 to $57.00 and set a “buy” rating for the company in a report on Tuesday, April 25th. Jefferies Group LLC set a $69.00 target price on Halliburton and gave the company a “buy” rating in a report on Monday, April 24th. Finally, Cowen and Company reduced their target price on Halliburton from $59.00 to $54.00 and set a “market perform” rating for the company in a report on Wednesday, April 26th. One research analyst has rated the stock with a sell rating, four have given a hold rating, twenty-eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $59.60.
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In related news, Director William E. Albrecht acquired 8,000 shares of the stock in a transaction dated Monday, May 15th. The shares were acquired at an average price of $46.33 per share, with a total value of $370,640.00. Following the acquisition, the director now owns 8,000 shares in the company, valued at approximately $370,640. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.47% of the company’s stock.
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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