Price Change to Note: Will Halliburton Company Go Down Anytime Soon?

Price Change to Note: Will Halliburton Company Go Down Anytime Soon?

The stock of Halliburton Company (NYSE:HAL) is a huge mover today! About 17.49M shares traded hands or 111.23% up from the average. Halliburton Company (NYSE:HAL) has risen 16.45% since April 27, 2016 and is uptrending. It has outperformed by 11.22% the S&P500.
The move comes after 6 months positive chart setup for the $45.56 billion company. It was reported on Nov, 30 by Barchart.com. We have $58.13 PT which if reached, will make NYSE:HAL worth $3.64B more.

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 $8.47 million for 1345.50 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. As per Monday, October 5, the company rating was maintained by Citigroup. Argus Research maintained Halliburton Company (NYSE:HAL) on Tuesday, February 16 with “Hold” rating. Morgan Stanley maintained the shares of HAL in a report on Thursday, October 20 with “Overweight” rating. The company was downgraded on Tuesday, July 19 by Societe Generale. The rating was upgraded by Global Hunter Securities on Tuesday, July 21 to “Accumulate”. The firm has “Overweight” rating given on Thursday, October 20 by Barclays Capital. The stock of Halliburton Company (NYSE:HAL) earned “Buy” rating by Griffen Securities on Thursday, May 19. The rating was maintained by Howard Weil on Wednesday, June 15 with “Sector Perform”. As per Monday, April 25, the company rating was maintained by Citigroup. The company was upgraded on Thursday, September 3 by HSBC.

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.
Trillium Asset Ltd Limited Liability Company accumulated 0.01% or 4,852 shares. Pillar Pacific Capital Lc has 107,574 shares for 0.82% of their US portfolio. Glynn Capital Mgmt Lc has 0.3% invested in the company for 20,000 shares. Cim Inv Mangement has invested 0.29% of its portfolio in Halliburton Company (NYSE:HAL). Hallmark Management has 0% invested in the company for 700 shares. Check Management Ca owns 8,917 shares or 0.03% of their US portfolio. Riggs Asset Managment Inc accumulated 0.08% or 3,291 shares. Arosa Mgmt Limited Partnership accumulated 9.09% or 1.64M shares. Adage Prtnrs Grp Limited Liability last reported 0.1% of its portfolio in the stock. Nordea Management Ab owns 955,798 shares or 0.13% of their US portfolio. The California-based Cap Research Glob has invested 0.89% in Halliburton Company (NYSE:HAL). Moreover, Origin Asset Llp has 0.26% invested in Halliburton Company (NYSE:HAL) for 85,533 shares. Massmutual Tru Fsb Adv has 218 shares for 0% of their US portfolio. Basswood Cap Mgmt Ltd Liability last reported 112,234 shares in the company. Credit Agricole S A holds 1.07M shares or 0.19% of its portfolio.

Insider Transactions: Since June 7, 2016, the stock had 0 insider buys, and 8 insider sales for $8.15 million net activity. Shares for $520,520 were sold by Pope Lawrence J. Miller Jeffrey Allen sold 19,776 shares worth $889,920. 28,439 Halliburton Company (NYSE:HAL) shares with value of $1.34M were sold by Brown James S. The insider Rainey Joe D sold 23,162 shares worth $1.16M. 10,000 shares were sold by LESAR DAVID J, worth $499,900. Carre Eric also sold $917,150 worth of Halliburton Company (NYSE:HAL) on Wednesday, October 19.

More important recent Halliburton Company (NYSE:HAL) news were published by: Seekingalpha.com which released: “Forbes Contributor Wants Halliburton To Waste Another $12 Billion” on November 29, 2016, also Bloomberg.com published article titled: “GE Pounced With E-Mail to Baker Hughes After Halliburton Deal Died”, Seekingalpha.com published: “Halliburton: $3.8 Billion Equity Raise Could Protect Its Credit Rating” on November 21, 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.

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.

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