December 27, 2018
Houston -- Halliburton Company (click here) has announced it has signed two contracts with Eni Iraq BV (Eni) to provide integrated drilling services at Eni’s Zubair oil field in Southern Iraq. Under the contracts, Halliburton will mobilize four to six rigs to drill development wells over the next two years.
“We are pleased to be awarded this work and the opportunity to collaborate with Eni to engineer solutions for the development of Zubair,” said Mahmoud El-Kady, V.P. of the Iraq Area for Halliburton. “We have provided a wide array of drilling services to Eni since 2011 and signing these contracts are a testimony to our continuous commitment to safety and superior service quality.”
December 27, 2018
By Lisa Matthews
Renaissance Technologies LLC (click here) trimmed its stake in Halliburton (NYSE:HAL) by 82.0% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 490,905 shares of the oilfield services company’s stock after selling 2,229,790 shares during the quarter. Renaissance Technologies LLC owned 0.06% of Halliburton worth $19,896,000 at the end of the most recent quarter....
December 27, 2018
By Michael Baxter
Halliburton Company (HAL) Consensus Price Target (click here)
The mean recommendation of HAL on Reuter’s scale dropped from 1.8 to 1.77 within 30 days. This figure implies that the majority of analysts rate it as a buy. The price target for Halliburton Company (NYSE:HAL) is now around $46.48 a share, implying the stock has what it takes to grow by 75.86%. The recent trading session also indicated the stock needs to add 115.66% more meet analysts’ high consensus price target.
Halliburton Company (NYSE:HAL) Intraday Trading
The current trading volume of the company was 14.76 million shares during the last session. That compares with the recent average volume of 11.64 million shares. By the end of the regular trading session, the price volatility over a 1-week span was 5.7 while month stood 4.01%. The stock price of HAL dropped to $25.14 during the day and at a certain time in 12 months it traded as low as $25.14. It has made a 5.13% recovery since its 52-week low point and has returned -45.92% year-to-date.
December 27, 2018
By Loren Robinson
...Halliburton Company (NYSE:HAL))’s (click here) earnings per share has been growing at a -33 percent rate over the past 5 year when average revenue increase was noted as -6.3 percent. The return on equity ratio or ROE stands at 1.9 percent while most common profitability ratio return on investment (ROI) was 5.2 percent. The company’s institutional ownership is monitored at 81.7 percent. The company’s net profit margin has achieved the current level of 0.7 percent and possesses 13.1 percent gross margin.
December 27, 2018
...A number of equities analysts (click here) recently commented on the stock. Stifel Nicolaus assumed coverage on shares of Halliburton in a research report on Monday, September 10th. They issued a “buy” rating and a $45.00 target price on the stock. Guggenheim set a $50.00 target price on shares of Halliburton and gave the stock a “buy” rating in a research report on Wednesday, October 24th. Bank of America assumed coverage on shares of Halliburton in a research report on Wednesday, October 17th. They issued a “buy” rating on the stock. Stephens assumed coverage on shares of Halliburton in a research report on Friday, October 12th. They issued an “overweight” rating on the stock. Finally, Societe Generale set a $42.00 target price on shares of Halliburton and gave the stock a “hold” rating in a research report on Monday, October 22nd. One research analyst has rated the stock with a sell rating, six have issued a hold rating, twenty-two have issued a buy rating and one has given a strong buy rating to the stock. Halliburton presently has a consensus rating of “Buy” and a consensus target price of $50.16....
