What’s in Halliburton Company After Today’s Bearish Options Activity?

 What's in Halliburton Company After Today's Bearish Options Activity?

In today’s session Halliburton Company (HAL) recorded an unusually high (10,440) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the December, 2016 put, expecting serious HAL decrease. With 10,440 contracts traded and 1474 open interest for the Dec, 16 contract, it seems this is a quite bearish bet. The option with symbol: HAL161216P00044000 closed last at: $2.08 or 0.5% down. About 544,083 shares traded hands. Halliburton Company (NYSE:HAL) has risen 32.47% since March 2, 2016 and is uptrending. It has outperformed by 24.21% the S&P500.

Analysts await Halliburton Company (NYSE:HAL) to report earnings on October, 19 before the open. They expect $-0.07 earnings per share, down 122.58% or $0.38 from last year’s $0.31 per share. After $-0.14 actual earnings per share reported by Halliburton Company for the previous quarter, Wall Street now forecasts -50.00% EPS growth.

Halliburton Company (NYSE:HAL) Ratings Coverage

Out of 27 analysts covering Halliburton Company (NYSE:HAL), 23 rate it a “Buy”, 0 “Sell”, while 4 “Hold”. This means 85% are positive. $59 is the highest target while $16 is the lowest. The $44.84 average target is -0.82% below today’s ($45.21) stock price. Halliburton Company has been the topic of 76 analyst reports since July 21, 2015 according to StockzIntelligence Inc. Cowen & Co maintained it with “Market Perform” rating and $40 target price in Wednesday, September 9 report. Societe Generale upgraded the shares of HAL in a report on Monday, October 3 to “Buy” rating. The firm earned “Buy” rating on Wednesday, July 22 by Argus Research. The stock of Halliburton Company (NYSE:HAL) has “Positive” rating given on Tuesday, January 26 by Susquehanna. Citigroup maintained Halliburton Company (NYSE:HAL) rating on Monday, October 5. Citigroup has “Buy” rating and $47 price target. Global Hunter Securities upgraded the shares of HAL in a report on Tuesday, July 21 to “Accumulate” rating. The stock of Halliburton Company (NYSE:HAL) has “Buy” rating given on Thursday, October 22 by Argus Research. The firm has “Buy” rating by KLR Group given on Thursday, January 28. The firm has “Overweight” rating by Barclays Capital given on Monday, March 28. As per Friday, February 19, the company rating was initiated by DA Davidson.

According to Zacks Investment Research, “Halliburton is one of the world’s largest providers of products and services to the energy industry. The company serves the upstream oil and 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 through the life of the field. The company operates under two main segments: Completion and Production, and Drilling and Evaluation.”

Insitutional Activity: The institutional sentiment increased to 0.85 in 2016 Q2. Its up 0.06, from 0.79 in 2016Q1. The ratio increased, as 74 funds sold all Halliburton Company shares owned while 330 reduced positions. 95 funds bought stakes while 250 increased positions. They now own 672.60 million shares or 0.48% less from 675.85 million shares in 2016Q1.
Shufro Rose Co Ltd has 6,281 shares for 0.03% of their US portfolio. Rockefeller Fincl Inc holds 20,036 shares or 0.02% of its portfolio. Arrowgrass Cap Partners Ltd Liability Partnership owns 205,000 shares or 3.44% of their US portfolio. Caxton Assoc Ltd Partnership holds 0.1% of its portfolio in Halliburton Company (NYSE:HAL) for 80,000 shares. Ims Capital Management owns 8,935 shares or 0.47% of their US portfolio. Wharton Business Grp Llc reported 98,010 shares or 0.53% of all its holdings. Moreover, Cwm Ltd has 0% invested in Halliburton Company (NYSE:HAL) for 112 shares. Axa holds 193,972 shares or 0.04% of its portfolio. North Star Investment Mngmt has 620 shares for 0.01% of their US portfolio. Lombard Odier Asset Management (Europe) Limited accumulated 35,264 shares or 0.08% of the stock. Gradient Invs Lc last reported 0% of its portfolio in the stock. Morgens Waterfall Vintiadis And Communication holds 2.3% or 55,000 shares in its portfolio. Principal Fin Gp owns 1.17M shares or 0.07% of their US portfolio. Essex Fin Ser Inc accumulated 0.07% or 6,255 shares. Boston Private Wealth Limited Co last reported 7,796 shares in the company.

Insider Transactions: Since May 6, 2016, the stock had 0 insider purchases, and 4 selling transactions for $2.49 million net activity. $1.01 million worth of Halliburton Company (NYSE:HAL) was sold by Brown James S. Shares for $889,920 were sold by Miller Jeffrey Allen on Tuesday, June 7. The insider Carre Eric sold 10,425 shares worth $421,900.

Halliburton Company is a provider of services and products to the upstream oil and natural gas industry. The company has a market cap of $38.66 billion. The Firm operates through two divisions: the Completion and Production segment, and the Drilling and Evaluation segment. It currently has negative earnings. The Company’s Completion and Production segment delivers cementing, stimulation, intervention, pressure control, specialty chemicals, artificial lift, and completion services and products.

HAL Company Profile

Halliburton Company, incorporated on November 7, 1996, is a well-known provider of services and products to the upstream oil and natural gas industry. The Firm operates through two divisions: 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 services and products. The Company’s Drilling and Evaluation segment provides field and reservoir modeling, drilling, evaluation and wellbore placement solutions that enable clients to model, measure, drill, and manage its well construction activities. The Firm operates its business in approximately 80 countries.

More news for Halliburton Company (NYSE:HAL) were recently published by: Seekingalpha.com, which released: “How OPEC’s Decision Might Impact Halliburton” on October 03, 2016. Benzinga.com‘s article titled: “Pete Najarian Sees Unusual Options Activity In Halliburton” and published on October 03, 2016 is yet another important article.

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