Halliburton (HAL) Earning Somewhat Favorable News Coverage, Study Shows

Headlines about Halliburton (NYSE:HAL) have been trending somewhat positive recently, Accern Sentiment reports. Accern scores the sentiment of media coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Halliburton earned a media sentiment score of 0.18 on Accern’s scale. Accern also gave news articles about the oilfield services company an impact score of 46.2272952724356 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near future.

Here are some of the news articles that may have impacted Accern’s analysis:

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Shares of HAL stock opened at $47.50 on Friday. The stock has a market cap of $40,928.28, a P/E ratio of 39.08, a P/E/G ratio of 2.30 and a beta of 1.06. Halliburton has a 1-year low of $38.18 and a 1-year high of $57.86. The company has a debt-to-equity ratio of 1.25, a current ratio of 2.22 and a quick ratio of 1.72.

Halliburton (NYSE:HAL) last issued its earnings results on Monday, January 22nd. The oilfield services company reported $0.53 earnings per share for the quarter, beating the consensus estimate of $0.46 by $0.07. The company had revenue of $5.94 billion during the quarter, compared to analysts’ expectations of $5.63 billion. Halliburton had a positive return on equity of 11.95% and a negative net margin of 2.25%. Halliburton’s quarterly revenue was up 47.7% compared to the same quarter last year. During the same period in the prior year, the business posted $0.04 EPS. equities research analysts expect that Halliburton will post 2.54 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 28th. Shareholders of record on Wednesday, March 7th were given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 1.52%. The ex-dividend date of this dividend was Tuesday, March 6th. Halliburton’s payout ratio is 59.02%.

Several equities analysts recently commented on the company. Jefferies Group set a $62.00 target price on Halliburton and gave the stock a “buy” rating in a research report on Wednesday. Cowen set a $54.00 target price on Halliburton and gave the stock a “hold” rating in a research report on Thursday, March 15th. Atlantic Securities upgraded Halliburton from an “underweight” rating to a “neutral” rating in a research report on Monday, January 29th. Zacks Investment Research cut Halliburton from a “hold” rating to a “sell” rating in a research report on Wednesday, March 28th. Finally, BMO Capital Markets reiterated a “buy” rating and issued a $58.00 price objective on shares of Halliburton in a report on Tuesday, January 16th. Three research analysts have rated the stock with a sell rating, four have assigned a hold rating and twenty-one have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $58.70.

In other Halliburton news, EVP Robb L. Voyles sold 39,287 shares of the company’s stock in a transaction that occurred on Monday, January 22nd. The stock was sold at an average price of $55.00, for a total transaction of $2,160,785.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Timothy Mckeon sold 4,583 shares of the company’s stock in a transaction that occurred on Tuesday, January 23rd. The shares were sold at an average price of $54.95, for a total value of $251,835.85. The disclosure for this sale can be found here. Insiders have sold a total of 103,856 shares of company stock valued at $5,609,578 in the last ninety days. 0.46% of the stock is currently owned by corporate insiders.

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Halliburton Company Profile

Halliburton Company provides a range of services and products to oil and natural gas companies worldwide. The company's Completion and Production segment offers production enhancement services, including stimulation and sand control services; and cementing services, such as bonding the well, well casing, and casing equipment.

Insider Buying and Selling by Quarter for Halliburton (NYSE:HAL)

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