What Next for Halliburton Company Stock After Today’s Bullish Options Activity?

 What Next for Halliburton Company Stock After Today's Bullish Options Activity?

In today’s session Halliburton Company (HAL) registered an unusually high (251) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the July, 2017 call, expecting serious HAL increase. With 251 contracts traded and 524 open interest for the Jul, 17 contract, it seems this is a quite bullish bet. The option with symbol: HAL170721C00055000 closed last at: $2.47 or 6.1% down. The stock last traded at $49.51 per share. It is down 23.65% since April 25, 2016 and is uptrending. It has outperformed by 17.64% the S&P500.

Analysts await Halliburton Company (NYSE:HAL) to report earnings on January, 23 before the open. They expect $0.01 earnings per share, down 96.77% or $0.30 from last year’s $0.31 per share. HAL’s profit will be $8.65 million for 1237.75 P/E if the $0.01 EPS becomes a reality. After $0.01 actual earnings per share reported by Halliburton Company for the previous quarter, Wall Street now forecasts 0.00% EPS growth.

Halliburton Company (NYSE:HAL) Ratings Coverage

Out of 28 analysts covering Halliburton Company (NYSE:HAL), 24 rate it a “Buy”, 0 “Sell”, while 4 “Hold”. This means 86% are positive. Halliburton Company has been the topic of 86 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The firm has “Market Perform” rating given on Wednesday, September 9 by Cowen & Co. The stock of Halliburton Company (NYSE:HAL) earned “Buy” rating by HSBC on Saturday, September 5. DA Davidson maintained the stock with “Buy” rating in Thursday, October 20 report. Cowen & Co maintained Halliburton Company (NYSE:HAL) on Tuesday, January 26 with “Market Perform” rating. The rating was maintained by Howard Weil on Wednesday, June 15 with “Sector Perform”. The rating was downgraded by Vetr on Tuesday, August 11 to “Strong-Buy”. As per Monday, July 11, the company rating was maintained by Jefferies. The firm has “Hold” rating by HSBC given on Tuesday, January 26. The firm has “Buy” rating given on Thursday, January 28 by KLR Group. Argus Research maintained Halliburton Company (NYSE:HAL) rating on Thursday, October 22. Argus Research has “Buy” rating and $53 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 0.88 in 2016 Q2. Its up 0.03, from 0.85 in 2016Q1. The ratio is positive, 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.
Us Savings Bank De last reported 0.03% of its portfolio in the stock. Blair William And Il holds 0.03% of its portfolio in Halliburton Company (NYSE:HAL) for 82,092 shares. Delta Asset Ltd Limited Liability Company Tn last reported 3,136 shares in the company. Lpl Fincl Ltd, a California-based fund reported 37,225 shares. Glynn Management Ltd Liability Company has invested 0.3% of its portfolio in Halliburton Company (NYSE:HAL). Sii Invs Inc Wi owns 15,374 shares or 0.06% of their US portfolio. Pioneer Tru Bancorp N A Or accumulated 0.15% or 5,380 shares. Ashfield Capital Prtnrs Ltd Llc holds 12,686 shares or 0.05% of its portfolio. Fire Group Incorporated holds 0.11% of its portfolio in Halliburton Company (NYSE:HAL) for 6,000 shares. Fred Alger Management Inc, a New York-based fund reported 1.98M shares. Tph Asset Mgmt Ltd Limited Liability Company last reported 540,135 shares in the company. Cibc Ww Incorporated owns 38,304 shares or 0.01% of their US portfolio. Advisors Asset Mngmt reported 91,334 shares or 0.07% of all its holdings. Caisse De Depot Et Placement Du Quebec accumulated 277,483 shares or 0.03% of the stock. Princeton Portfolio Strategies Group Limited Com accumulated 15,145 shares or 0.22% of the stock.

Insider Transactions: Since June 7, 2016, the stock had 0 insider purchases, and 8 selling transactions for $8.15 million net activity. Rainey Joe D sold $1.16 million worth of stock or 23,162 shares. Brown James S also sold $1.34M worth of Halliburton Company (NYSE:HAL) on Monday, October 10. 18,343 shares with value of $917,150 were sold by Carre Eric on Wednesday, October 19. Miller Jeffrey Allen had sold 55,299 shares worth $2.77M on Wednesday, October 19. Shares for $499,900 were sold by LESAR DAVID J. On Wednesday, October 19 Pope Lawrence J sold $520,520 worth of the stock or 10,400 shares.

Halliburton Company is a provider of services and products to the upstream oil and natural gas industry. The company has a market cap of $42.83 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 important recent Halliburton Company (NYSE:HAL) news were published by: Fool.com which released: “Halliburton Company: The Oil Market Revival Is Just Around the Corner” on October 30, 2016, also Bloomberg.com published article titled: “GE Pounced With E-Mail to Baker Hughes After Halliburton Deal Died”, Nasdaq.com published: “Agree To Buy Halliburton Company At $25, Earn 3.7% Using Options” on November 23, 2016. More interesting news about Halliburton Company (NYSE:HAL) was released by: Seekingalpha.com and their article: “Halliburton Company: Priced For An Unlikely Return To Robust Activity Of Boom …” with publication date: November 14, 2016.

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