The stock’s 52-week range is $27.64 to $46.69. The company observes modest headwinds around activity and pricing in the region but even amid this, it has succeeded in gaining market share during the depleted crude oil environment. In the last month the stock has moved in price 5.6%, with a one year change of 16.23%. A trade or transaction occurs when the buyer and seller agree on a price for the security.
Advertisement
Separately, TheStreet Ratings objectively rated this stock according to its “risk-adjusted” total return prospect over a 12-month investment horizon. Analysts had expected Halliburton Company (NYSE:HAL) to report earnings of about $0.04 per share on $4,172.46M inrevenue. Analysts had a consensus of $-0.19. Now the stock has been rated as “Buy” from 1 Analysts.
The High price target of the company’s Share is at $60 based on the calculations and analysis of 34 brokers. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.
The North American markets continued to be the weak link in the company’s profits, recording an operating loss of $124 million, as opposed to a profit of $130 million in the same quarter a year ago. Following the sale, the executive vice president now owns 156,368 shares in the company, valued at $6,328,212.96. For the full year, the net loss is estimated at $0.24 per share on revenues of $15.66 billion.
Shares of Halliburton are up 0.09% to $44.32 in pre-market trading. In countries such as Brazil and Mexico where the company has gained a strong foothold, the rig activity levels are at 20-year lows. This insider holds 216,908 shares with a market value around $9604686 as of recent close. Alpha Windward LLC boosted its position in Halliburton by 1.6% in the second quarter.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 28th. Finally, Capital Investment Advisors LLC boosted its position in Halliburton by 0.9% in the second quarter. Stockholders of record on Wednesday, September 7th will be given a dividend of $0.18 per share. Trust Department MB Financial Bank N A now owns 3,477 shares of the oilfield services company’s stock valued at $150,000 after buying an additional 3,068 shares during the period. Evanson Asset Management LLC now owns 9,815 shares of the oilfield services company’s stock worth $445,000 after buying an additional 84 shares in the last quarter. Overweight rating was given by 0 analysts and Underweight rating was given by 1 analysts. The dividend payable date has been fixed on Sep 28, 2016. However, according to Dave Lesar, CEO and Chairman of the oil services provider, the company aims to enhance its integrated delivery platform by focusing on Halliburton’s product line building blocks individually.
Advertisement
The company’s operating income from well completion and production fell from $313 million a year ago and $30 million in the first quarter to a loss of $32 million in the second quarter. The Companys Completion and Production segment delivers cementing stimulation intervention pressure control specialty chemicals artificial lift and completion products and services.
