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Halliburton Earnings, Revenue Growth Beat Views As Stock Nears Buy Point

Halliburton Earnings, Revenue Growth Beat Views As Stock Nears Buy Point

71 funds opened positions while 254 raised stakes.

Loss from operations was $805 million, or $0.92 per share, compared to $149 million or $0.17 per share a year ago.

Halliburton Company (HAL) traded up $3.39 during mid-day trading on Monday, hitting $56.40. In a transaction dated January 08, 2018, the shares were put up for sale at an average price of $51.71, raking in a sum of $1,449,121. Halliburton Company's institutional ownership is 82.9%, while its institutional transactions stand at 0.07%.

Halliburton Company (HAL) will report its next earnings on Jan 22 BMO. Ellington Grp Lc has 0.05% invested in Halliburton Company (NYSE:HAL). Neuberger Berman Limited Com owns 137,500 shares or 0% of their U.S. portfolio. Nippon Life Glob Invsts Americas reported 98,250 shares or 0.39% of all its holdings. Sarasin Llp invested in 0.27% or 290,814 shares. Laurion Mgmt L P reported 112,296 shares. Hbk Lp holds 806,182 shares or 0.29% of its portfolio.

Weiss Multi-Strategy Advisers Llc decreased its stake in Halliburton (HAL) by 81.49% based on its latest 2017Q3 regulatory filing with the SEC. The stock grabbed 74 new institutional investments totaling 13,103,566 shares while 91 institutional investors sold out their entire positions totaling 13,530,912 shares. The insider Voyles Robb L. sold $297,650. Halliburton Co now has $48.82B valuation. About 10.39 million shares traded or 22.75% up from the average. The institutional investor held 3.54M shares of the oilfield services and equipment company at the end of 2017Q3, valued at $162.79 million, up from 635,530 at the end of the previous reported quarter. Excluding the impact of the new tax law and one-time items, the company earned $462 million, or 53 cents a share. The stock witnessed 16.56% gains, 21.11% gains and 16.81% gains for the 1-month, 3-month and 6-month period, respectively.

More news: Worth Observing Stocks: Marathon Petroleum Corporation (MPC), Ocwen Financial Corp. (OCN)

Halliburton Company (HAL)'s RSI (Relative strength index) is at 73.69, its ATR (Average True Range) value is 1.12, while its Beta factor was calculated at 0.95. It has outperformed by 2.33% the S&P500. Fuller & Thaler Asset Management Inc. purchased a new stake in shares of Halliburton during the third quarter worth approximately $184,000. The stock of Halliburton Company (NYSE:HAL) earned "Accumulate" rating by Global Hunter Securities on Tuesday, July 21. iBERIA Capital Partners maintained it with "Outperform" rating and $50 target in Wednesday, May 4 report. The stock of Halliburton Company (NYSE:HAL) has "Buy" rating given on Thursday, October 20 by Nomura.

Halliburton Company (HAL) has an Analysts' Mean Recommendation of 1.8. Therefore 90% are positive. Halliburton Company has a fifty-two week low of $38.18 and a fifty-two week high of $58.78. $51.31's average target is -3.21% below currents $53.01 stock price.

In case of Revenue Estimates, 27 analysts have provided their consensus Average Revenue Estimates for Halliburton Company as 5.63 Billion. The rating was maintained by RBC Capital Markets on Friday, June 23 with "Buy". Finally, FBR & Co lowered their price target on Halliburton from $61.00 to $55.00 and set a "buy" rating for the company in a report on Tuesday, October 24th. The stock of Smith & Nephew plc (NYSE:SNN) has "Hold" rating given on Thursday, October 6 by Berenberg. The stock has "Market Perform" rating by FBR Capital on Monday, September 21. The company was maintained on Thursday, October 1 by Oppenheimer. Caxton Corp bought 196,445 shares as the company's stock rose 35.89% with the market. The rating was maintained by Citigroup on Wednesday, July 13 with "Buy".

Guggenheim upgrades HAL to Buy from Neutral with a $75 price target, reflecting its belief that the US fracking market will stay tight this year, supporting pricing, with HAL set to benefit from lower corporate taxes and the addition of new fleets of equipment. They issued a "buy" rating and a $54.00 price target for the company. Argus Research has "Hold" rating and $38 target. Commonwealth Equity Svcs holds 0.03% of its portfolio in Halliburton Company (NYSE:HAL) for 122,924 shares.

12/21/2017-Wells Fargo & Co Reiterated Rating of Outperform.


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