Halliburton (NYSE:HAL) EVP Lawrence Pope sold 3,000 shares of Halliburton stock on the open market in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $49.89, for a total transaction of $149,670.00. Following the completion of the transaction, the executive vice president now directly owns 167,875 shares of the company’s stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
A number of analysts have recently weighed in on HAL shares. Analysts at Macquarie downgraded shares of Halliburton (NYSE:HAL) from an “outperform” rating to a “neutral” rating in a research note to investors on Thursday, September 12th. They now have a $54.00 price target on the stock, up previously from $51.00. Separately, analysts at TheStreet reiterated a “buy” rating on shares of Halliburton (NYSE:HAL) in a research note to investors on Monday, September 9th. Finally, analysts at Wells Fargo & Co. downgraded shares of Halliburton (NYSE:HAL) from an “outperform” rating to a “market perform” rating in a research note to investors on Monday, September 9th.
Two analysts have rated the stock with a sell rating, six have given a hold rating, twenty have issued a buy rating and two have assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $56.05.
Shares of Halliburton (NYSE:HAL) traded up 0.79% on Wednesday, hitting $50.06. The stock had a trading volume of 7,170,713 shares. Halliburton has a one year low of $29.83 and a one year high of $50.50. The stock’s 50-day moving average is $47.68 and its 200-day moving average is $43.51. The company has a market cap of $45.734 billion and a P/E ratio of 24.31.
Halliburton (NYSE:HAL) last announced its earnings results on Monday, July 22nd. The company reported $0.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.72 by $0.01. The company had revenue of $7.32 billion for the quarter, compared to the consensus estimate of $7.29 billion. During the same quarter in the previous year, the company posted $0.82 earnings per share. The company’s revenue for the quarter was up 1.1% on a year-over-year basis. On average, analysts predict that Halliburton will post $3.23 earnings per share for the current fiscal year.
Halliburton Company is an oilfield services company. The Company is provider of services and products to the energy industry related to the exploration, development, and production of oil and natural gas.