Can Halliburton Company’s Tomorrow Be Different? Option Trader Are Very Bearish

 Can Halliburton Company's Tomorrow Be Different? Option Trader Are Very Bearish

In today’s session Halliburton Company (HAL) recorded an unusually high (2,019) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the April, 2017 put, expecting serious HAL decrease. With 2,019 contracts traded and 2954 open interest for the Apr, 17 contract, it seems this is a quite bearish bet. The option with symbol: HAL170421P00049000 closed last at: $5.35 or 0% . About 3.15 million shares traded hands. Halliburton Company (NYSE:HAL) has risen 32.31% since March 14, 2016 and is uptrending. It has outperformed by 26.70% 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. Halliburton Company has been the topic of 77 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The rating was maintained by Citigroup on Wednesday, July 13 with “Buy”. Societe Generale downgraded Halliburton Company (NYSE:HAL) on Tuesday, July 19 to “Hold” rating. On Tuesday, January 5 the stock rating was upgraded by KeyBanc Capital Markets to “Overweight”. The rating was upgraded by KLR Group on Thursday, January 28 to “Buy”. Griffen Securities upgraded the shares of HAL in a report on Thursday, May 19 to “Buy” rating. The firm earned “Buy” rating on Wednesday, April 6 by Deutsche Bank. The firm earned “Buy” rating on Wednesday, October 21 by Citigroup. The firm has “Sector Perform” rating by Howard Weil given on Wednesday, January 27. The rating was maintained by Goldman Sachs with “Buy” on Monday, May 9. Argus Research maintained Halliburton Company (NYSE:HAL) rating on Wednesday, July 22. Argus Research has “Buy” rating and $56 price target.

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 improved, 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.
Nuance Invs Limited Liability Corporation has 32,952 shares for 0.15% of their US portfolio. Contravisory Invest Management Inc has 48 shares for 0% of their US portfolio. Kistler reported 1,210 shares or 0.03% of all its holdings. Synovus has invested 0.08% of its portfolio in Halliburton Company (NYSE:HAL). Graham Mgmt Lp accumulated 857,403 shares or 2% of the stock. Hsbc Public Limited Com, a United Kingdom-based fund reported 1.31 million shares. Argentus Mngmt Limited Liability accumulated 0.1% or 5,082 shares. The New York-based Pinnacle Limited has invested 0.07% in Halliburton Company (NYSE:HAL). Inv Of Virginia holds 0.29% or 24,685 shares in its portfolio. Moreover, Miller Investment Mngmt Limited Partnership has 0.48% invested in Halliburton Company (NYSE:HAL) for 27,670 shares. The Maryland-based Sandy Spring National Bank has invested 0% in Halliburton Company (NYSE:HAL). Palisade Asset Management Lc has invested 0.26% of its portfolio in Halliburton Company (NYSE:HAL). Moreover, Standard Life Invs Limited has 1.4% invested in Halliburton Company (NYSE:HAL) for 6.86M shares. The Massachusetts-based Wellington Mngmt Group Ltd Liability Partnership has invested 0.2% in Halliburton Company (NYSE:HAL). Newgate Capital Llc accumulated 1.01% or 27,042 shares.

Insider Transactions: Since May 6, 2016, the stock had 0 buys, and 5 selling transactions for $3.83 million net activity. 19,776 shares were sold by Miller Jeffrey Allen, worth $889,920. 4,394 shares were sold by Brown James S, worth $175,760 on Friday, May 6. Another trade for 10,425 shares valued at $421,900 was sold by Carre Eric.

Halliburton Company is a provider of services and products to the upstream oil and natural gas industry. The company has a market cap of $39.92 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 notable recent Halliburton Company (NYSE:HAL) news were published by: Seekingalpha.com which released: “Will Animal Spirits Spur Halliburton In Q3?” on October 16, 2016, also Businesswire.com with their article: “Halliburton and U.S. Silica Break Record for Moving Largest Sand Unit Train in …” published on October 13, 2016, Seekingalpha.com published: “How OPEC’s Decision Might Impact Halliburton” on October 03, 2016. More interesting news about Halliburton Company (NYSE:HAL) were released by: Zacks.com and their article: “Halliburton (HAL) Q3 Earnings Preview: Can the Run Continue?” published on October 14, 2016 as well as Nasdaq.com‘s news article titled: “One Put, One Call Option To Know About for Halliburton Company” with publication date: October 03, 2016.

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