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Halliburton Tops Q2 Expectations, Shares Gain
In the same quarter previous year, adjusted earnings were 44 cents per share, while revenue was $8.05 billion.
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In the prior quarter, Halliburton Company (NYSE:HAL) saw a surprise factor of 19.51%.
The stock has a 50-day moving average of $43.61 and a 200-day moving average of $43.62. After the session commenced at $39.99, the stock reached the higher end at $40.42 while it hit a low of $39.55. Reported income from continuing operations was $55 million, or $0.06 per diluted share, in the second quarter of 2015, as compared to reported loss from continuing operations of $639 million, or $0.75 per diluted share, in the first quarter of 2015. This consensus number is based on the 22 brokers that are providing estimates. (EXEL) are higher by 50.38% to $5.88 in pre-market trading on Monday after the company announced positive top-line results from METEOR, the Phase 3 pivotal trial of Cabozantinib vs. Everolimus in patients with metastatic renal cell carcinoma. The standard deviation before the number was posted was $0.15. The company has a market cap of $34.98 billion and a price-to-earnings ratio of 15.663.
Hasbro, Inc. (HAS) reported earnings of 33 cents per share on revenue of $797.7 million, a 4% year over year decline. Kinder Morgan, Inc. (KMI)’S monthly performance stands at – 5.290% with an analyst rating of 1.9 and dividend yield of 5.13%.
A number of other firms have also recently commented on HAL.
Chesapeake Energy Corporation (CHK) of the Basic Materials sector is down -3.54% (change from open -3.62%) this morning trading at a volume of 1,498,088 shares and price of $11.17.
Halliburton Company (NYSE:HAL) has received a short term rating of hold from research analysts at Zacks with a rank of 3. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating, twenty-one have issued a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $58.69. The stock was sold at an average price of $50.00, for a total transaction of $300,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
The company shares have dropped 41.62% in the past 52 Weeks.
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Halliburton Company is an oilfield services company. Since June 2014, crude oil and natural gas exploration and production (E&P) companies have reduced their spending budgets by $100 billion. It serves national and independent oil and natural gas companies worldwide and operates in two segments: Completion and Production segment, and Drilling and Evaluation segment. The Completion and Production segment delivers cementing, stimulation, intervention, pressure control, specialty chemicals, artificial lift, and completion services. The Company conducts business around the world in approximately 80 countries.