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Halliburton Company Q4 Profit Retreats 87%

26 January 2017

The US company did report better-than-expected profits during its quarterly earnings report on Monday however, despite its caution regarding upcoming quarters. Capital World Investors boosted its stake in Halliburton Company by 25.0% in the third quarter. The correct version of this story can be viewed at https://www.thecerbatgem.com/2017/01/25/bmo-capital-markets-analysts-give-halliburton-company-hal-a-67-00-price-target.html. It has a past 5-day performance of -1.25 percent and trades at an average volume of 13.96M shares.

The Company has 862.00 million shares outstanding and 861.16 million shares were floated in market. Johnson Financial Group Inc. increased its stake in shares of Halliburton by 51.3% in the second quarter.

Insitutional Activity: The institutional sentiment increased to 0.88 in 2016 Q3. Insiders own 0.46% of the company's stock.

The stock as of last trading session moved 107.78% up from its 52 week low and was -0.93% behind its 52 week high. Halliburton Company makes up approx 0.19% of Searle's portfolio.

For the year, the company reported that its loss widened to $5.76 billion, or $6.69 per share. Millennium Mgmt Limited Liability Corp has 3.51 million shares for 0.26% of their United States portfolio.

Other equities analysts have also recently issued research reports about the stock. Mercer Advisers owns 200 shares or 0.01% of their United States portfolio. They issued a buy rating on the stock. The ex-dividend date of this dividend was Monday, December 5th.

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10/20/2016 - Halliburton Company had its "buy" rating reiterated by analysts at Loop Capital.

Oilfield services provider Halliburton echoed remarks made by traditional rival Schlumberger last week with a warning about the strength of global markets. 2,611 shares were sold by McKeon Timothy, worth $142,300 on Wednesday, November 30.

Halliburton Company (NYSE:HAL) last released its earnings results on Monday, January 23rd. A widely used metric is a company's preice to earnings ratio.

Want the latest recommendations from Zacks Investment Research? The price movement compares favorably with the Oil and Gas - Field Services industry, which has advanced just 14% over the same period. This means 87% are positive.

10/19/2016 - Halliburton Company had its "buy" rating reiterated by analysts at Citigroup.

10/20/2016 - Halliburton Company had its "buy" rating reiterated by analysts at Jefferies. They now have a Dollars 72 price target on the stock. They now have a United States dollars 64 price target on the stock. The Hedge Fund company now holds 25,404 shares of HAL which is valued at $1,392,139. They now have a United States dollars 85 price target on the stock. As per Tuesday, April 19, the company rating was maintained by Morgan Stanley. The Company's Completion and Production segment delivers cementing, stimulation, intervention, pressure control, specialty chemicals, artificial lift, and completion products and services. The Firm operates its business in approximately 80 countries.

Halliburton Company Q4 Profit Retreats 87%