Economy

Halliburton Company (HAL) Coverage Initiated by Analysts at Deutsche Bank AG

Ashburton Jersey Ltd's holdings in Halliburton were worth $1,139,000 as of its most recent filing with the Securities and Exchange Commission. Meiji Yasuda Asset Management Co Ltd. increased its stake in Halliburton by 16.4% in the second quarter.

Over the last few days fluctuation in the stock of Halliburton Company (NYSE:HAL) was the main talking point of investors. Comerica Securities Inc. lifted its holdings in shares of Halliburton by 0.3% during the second quarter. Meiji Yasuda Asset Management Co Ltd. now owns 24,885 shares of the oilfield services company's stock valued at $1,063,000 after purchasing an additional 3,510 shares during the period. Davidson And Garrard stated it has 0.28% in Halliburton Company (NYSE:HAL). The hedge fund run by Bruce Kovner held 1.24 million shares of the oilfield services and equipment company at the end of 2017Q2, valued at $52.80 million, up from 8,603 at the end of the previous reported quarter. Citizens Financial Group Inc RI now owns 2,589 shares of the oilfield services company's stock worth $117,000 after buying an additional 648 shares in the last quarter. It also increased its holding in Berkshire Hathaway Inc Del (BRKB) by 2,205 shares in the quarter, for a total of 101,847 shares, and has risen its stake in Johnson & Johnson (NYSE:JNJ). The company has market cap of $124.41 million. The Earnings Yield Five Year average for Halliburton Company (NYSE:HAL) is 0.088721.

Cheyne Capital Management (Uk) Llp holds 10.9% of its portfolio in Monsanto Company for 239,417 shares. Halliburton Company has a 52 week low of $27.64 and a 52 week high of $56.08. The stock has "Buy" rating by BMO Capital Markets on Thursday, July 13.

Halliburton (NYSE:HAL) last announced its quarterly earnings results on Monday, October 23rd.

In the latest earnings report the EPS was $-0.17 and is estimated to be $1.12 for the current year with 871,595,000 shares presently outstanding. The Return on Equity (ROE) value stands at -1.6%.

Houston-based Halliburton said revenue from North America surged 91 percent to $3.16 billion in the quarter, while global sales rose nearly 5 percent. The firm's revenue was up 42.0% on a year-over-year basis. The company has market cap of $53.54 billion. More interesting news about Halliburton Company (NYSE:HAL) were released by: Finance.Yahoo.com and their article: "Why an Earnings Beat is Likely for Halliburton (HAL) in Q3?" published on October 18, 2017 as well as Seekingalpha.com's news article titled: "How's Halliburton Looking Going Into Earnings?" with publication date: October 20, 2017.

Since May 15, 2017, it had 1 insider buy, and 0 sales for $370,608 activity. Halliburton Company (NYSE:HAL) has risen 19.03% since October 25, 2016 and is uptrending.

A number of analysts have recently issued reports on HAL shares. The stock has "Buy" rating by RBC Capital Markets on Thursday, July 20. Cowen and Company reiterated a "market perform" rating and set a $50.00 target price on shares of Halliburton in a report on Tuesday. On average, equities research analysts forecast that Halliburton Company will post $1.12 earnings per share for the current fiscal year. Credit Suisse Group set a $60.00 price objective on shares of Halliburton and gave the stock a "buy" rating in a report on Saturday, July 1st. Of the analysts surveyed by Reuters that track Halliburton Company 3 of them rate its stock a hold. The average investment recommendation on a scale of 1 to 5 (1 being a strong buy, 3 a hold, and 5 a sell) is 1.80, which implies that analysts are generally bullish in their outlook for HAL over the next year. Scotiabank reaffirmed a "buy" rating and issued a $59.00 target price on shares of Halliburton in a research report on Wednesday, June 28th.

On 9/5/2017 Lawrence J. Pope, EVP, sold 43,000 with an average share price of $39.66 per share and the total transaction amounting to $1,705,380.00.

The Price to book ratio is the current share price of a company divided by the book value per share.

Large investors have recently bought and sold shares of the business. The stock has a beta value of 1.09.



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