Nomura Maintains Halliburton Company to Buy

Brokerage firm Nomura Maintains its rating on Halliburton Company(NYSE:HAL). The shares have been rated Buy. The rating by Nomura was issued on Jul 21, 2016.

In a different note, 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 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. On Jul 11, 2016, Jefferies said it Maintains its rating on Halliburton Company. In the research note, the firm Raises the price-target to $47.00 per share. The shares have been rated ‘Buy’ by the firm. On May 19, 2016, Griffen Securities said it Upgrades its rating on Halliburton Company. The shares have been rated ‘Buy’ by the firm. On May 19, 2016, Argus Research said it Maintains its rating on Halliburton Company. In the research note, the firm Raises the price-target to $38.00 per share. The shares have been rated ‘Buy’ by the firm. On May 17, 2016, FBR Capital said it Upgrades its rating on Halliburton Company. The shares have been rated ‘Outperform’ by the firm.

Halliburton Company (HAL) shares turned negative on Wednesdays trading session with the shares closing down -0.71 points or -1.58% at a volume of 1,60,67,171. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $44.926. The peak price level was also seen at $44.926 while the days lowest was $43.91. Finally the shares closed at $44.28. The 52-week high of the shares is $46.69 while the 52-week low is $27.64. According to the latest information available, the market cap of the company is $38,048 M.

Halliburton Company has also declared a cash dividend of $0.1800 on Jul 14, 2016. The shares will quote ex-dividend on Sep 2, 2016 and the record date has been fixed on Sep 7, 2016. The dividend payable date has been fixed on Sep 28, 2016.

Halliburton Company(HAL) last announced its earnings results on May 3, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $4.20B. Analysts had an estimated revenue of $4.18B. Earnings per share were $0.07. Analysts had estimated an EPS of $0.05.

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.

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