November 24, 2016 - By Ruchi Gupta · 0 Comments
Halliburton Co (NYSE:HAL) institutional sentiment increased to 0.88 in 2016 Q2. Its up 0.03, from 0.85 in 2016Q1. The ratio has increased, as 345 active investment managers opened new or increased positions, while 404 reduced and sold equity positions in Halliburton Co. The active investment managers in our partner’s database now have: 672.60 million shares, down from 675.85 million shares in 2016Q1. Also, the number of active investment managers holding Halliburton Co in their top 10 positions increased from 10 to 17 for an increase of 7. Sold All: 74 Reduced: 330 Increased: 250 New Position: 95.
Halliburton Company is a provider of services and products to the upstream oil and natural gas industry. The company has a market cap of $42.54 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.
The stock decreased 0.74% or $0.37 on November 23, hitting $49.47. About 3.99 million shares traded hands. Halliburton Company (NYSE:HAL) has risen 21.13% since April 22, 2016 and is uptrending. It has outperformed by 15.72% the S&P500.
Analysts await Halliburton Company (NYSE:HAL) to report earnings on January, 23 before the open. They expect $0.01 EPS, down 96.77% or $0.30 from last year’s $0.31 per share. HAL’s profit will be $8.60 million for 1236.75 P/E if the $0.01 EPS becomes a reality. After $0.01 actual EPS reported by Halliburton Company for the previous quarter, Wall Street now forecasts 0.00% EPS growth.
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.”
Duquesne Family Office Llc holds 11.33% of its portfolio in Halliburton Company for 2.18 million shares. Energy Opportunities Capital Management Llc owns 804,443 shares or 10.97% of their US portfolio. Moreover, Arosa Capital Management Lp has 9.09% invested in the company for 1.64 million shares. The New York-based Talara Capital Management Llc has invested 8.36% in the stock. Tweedy Browne Co Llc, a Connecticut-based fund reported 5.11 million shares.#img1#
Insider Transactions: Since January 1, 0001, the stock had 0 buys, and 8 insider sales for $8.15 million net activity.
Ratings analysis reveals 86% of Halliburton Company’s analysts are positive. Out of 28 Wall Street analysts rating Halliburton Company, 24 give it “Buy”, 0 “Sell” rating, while 4 recommend “Hold”. The lowest target is $16 while the high is $63. The stock’s average target of $48.12 is -2.73% below today’s ($49.47) share price. HAL was included in 86 notes of analysts from July 21, 2015. KLR Group upgraded Halliburton Company (NYSE:HAL) on Thursday, January 28 to “Buy” rating. On Thursday, July 21 the stock rating was maintained by FBR Capital with “Outperform”. The firm earned “Buy” rating on Wednesday, July 22 by Argus Research. The stock of Halliburton Company (NYSE:HAL) has “Market Perform” rating given on Monday, September 21 by FBR Capital. Howard Weil maintained Halliburton Company (NYSE:HAL) on Thursday, October 20 with “Sector Perform” rating. The firm earned “Neutral” rating on Wednesday, September 9 by Macquarie Research. On Wednesday, February 24 the stock rating was maintained by Barclays Capital with “Overweight”. As per Tuesday, July 21, the company rating was upgraded by Global Hunter Securities. As per Monday, April 25, the company rating was maintained by Citigroup. The rating was maintained by Argus Research on Thursday, May 19 with “Buy”.
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: Nasdaq.com which released: “Agree To Buy Halliburton Company At $25, Earn 3.7% Using Options” on November 23, 2016, also Seekingalpha.com with their article: “Halliburton: $3.8 Billion Equity Raise Could Protect Its Credit Rating” published on November 21, 2016, Fool.com published: “Halliburton Company: The Oil Market Revival Is Just Around the Corner” on October 30, 2016. More interesting news about Halliburton Company (NYSE:HAL) were released by: Bloomberg.com and their article: “GE Pounced With E-Mail to Baker Hughes After Halliburton Deal Died” published on October 31, 2016 as well as Seekingalpha.com‘s news article titled: “Halliburton Company: Priced For An Unlikely Return To Robust Activity Of Boom …” with publication date: November 14, 2016.
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By Ruchi Gupta