FBR Capital Markets began coverage on shares of Halliburton (NYSE:HAL) in a report released on Friday, TheFlyOnTheWall.com reports. The firm issued a market perform rating on the stock.
In other Halliburton news, Insider Joe D. Rainey sold 18,967 shares of Halliburton stock in a transaction dated Thursday, December 5th. The stock was sold at an average price of $50.60, for a total transaction of $959,730.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
A number of other analysts have also recently weighed in on HAL. Analysts at TheStreet reiterated a buy rating on shares of Halliburton in a research note to investors on Monday, November 25th. Separately, analysts at Global Hunter Securities downgraded shares of Halliburton from a buy rating to a neutral rating in a research note to investors on Monday, November 18th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating, twenty-one have assigned a buy rating and one has given a strong buy rating to the company. The company has an average rating of Buy and an average price target of $61.62.
Shares of Halliburton (NYSE:HAL) opened at 50.56 on Friday. Halliburton has a one year low of $32.82 and a one year high of $56.52. The stock’s 50-day moving average is $53.11 and its 200-day moving average is $47.83. The company has a market cap of $42.886 billion and a price-to-earnings ratio of 23.26.
Halliburton (NYSE:HAL) last issued its quarterly earnings data on Monday, October 21st. The company reported $0.83 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.84 by $0.01. The company had revenue of $7.50 billion for the quarter, compared to the consensus estimate of $7.50 billion. During the same quarter in the prior year, the company posted $0.67 earnings per share. The company’s quarterly revenue was up 5.1% on a year-over-year basis. Analysts expect that Halliburton will post $3.12 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, December 27th. Shareholders of record on Friday, December 6th will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 1.19%. The ex-dividend date is Wednesday, December 4th. This is a positive change from Halliburton’s previous quarterly dividend of $0.13.
Halliburton Company is an oilfield services company. The Company is provider of services and products to the energy industry related to the exploration, development, and production of oil and natural gas.
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