Loop Capital Initiates Coverage on Halliburton Company to Buy

Loop Capital Initiates Coverage on Halliburton Company(NYSE:HAL). The shares have been rated Buy. The rating by Loop Capital was issued on Sep 30, 2016.

In a different note, Atlantic Equities said it Initiates Coverage on Halliburton Company, according to a research note issued on Aug 8, 2016. The shares have been rated ‘Underweight’ by the firm. On Jul 21, 2016, Deutsche Bank said it Maintains its rating on Halliburton Company. In the research note, the firm Raises the price-target to $49.00 per share. The shares have been rated ‘Buy’ by the firm. On Jul 21, 2016, Nomura said it Maintains its rating on Halliburton Company. The shares have been rated ‘Buy’ by the firm. On Jul 21, 2016, FBR Capital said it Maintains its rating on Halliburton Company. In the research note, the firm Raises the price-target to $49.00 per share. The shares have been rated ‘Outperform’ by the firm. On Jul 19, 2016, Societe Generale said it Downgrades its rating on Halliburton Company. The shares have been rated ‘Hold’ by the firm. On Jul 13, 2016, Citigroup said it Maintains its rating on Halliburton Company. In the research note, the firm Raises the price-target to $49.00 per share. The shares have been rated ‘Buy’ by the firm.

Halliburton Company (HAL) shares turned negative on Tuesdays trading session with the shares closing down -0.31 points or -0.69% at a volume of 50,35,852. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $45. The peak price level was also seen at $45 while the days lowest was $44.23. Finally the shares closed at $44.59. The 52-week high of the shares is $46.9 while the 52-week low is $27.64. According to the latest information available, the market cap of the company is $38,397 M.

Halliburton Company(HAL) last announced its earnings results on Jul 20, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $3.83B. Analysts had an estimated revenue of $3.77B. Earnings per share were $-0.14. Analysts had estimated an EPS of $-0.18.

Several Insider Transactions has been reported to the SEC. On Jun 9, 2016, Jeffrey Allen Miller (President) sold 19,776 shares at $45.00 per share price.Also, On May 24, 2016, Eric Carre (EVP Global Business Lines) sold 10,425 shares at $40.47 per share price.On May 13, 2016, James S Brown (President – Western Hemisphere) sold 25,400 shares at $39.67 per share price, according to the Form-4 filing with the securities and exchange commission.

Halliburton Company is a provider of services and products to the upstream oil and natural gas industry. The Company operates operate under two divisions which form the basis for its two operating segments: 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 products and services. Production Enhancement services include stimulation services and sand control services. The Company’s Drilling and Evaluation segment provides field and reservoir modeling drilling evaluation and precise wellbore placement solutions. The Company conducts its business in approximately 80 countries.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

Halliburton Company - Is it time to Sell?

Top Brokerage Firms are advising their investors on Halliburton Company. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.