Halliburton Co (NYSE:HAL) Stock Sentiment Worsens

September 30, 2018 - By Catherine Diaz

Halliburton Company (NYSE:HAL) Logo

Sentiment for Halliburton Co (NYSE:HAL)

Halliburton Co (NYSE:HAL) institutional sentiment decreased to 0.92 in Q2 2018. Its down -0.09, from 1.01 in 2018Q1. The ratio is negative, as 335 funds started new or increased holdings, while 363 cut down and sold holdings in Halliburton Co. The funds in our partner’s database now possess: 671.97 million shares, up from 671.63 million shares in 2018Q1. Also, the number of funds holding Halliburton Co in their top 10 holdings decreased from 14 to 13 for a decrease of 1. Sold All: 50 Reduced: 313 Increased: 249 New Position: 86.

Halliburton Company provides a range of services and products to the upstream oil and natural gas industry worldwide. The company has market cap of $35.66 billion. The companyÂ’s Completion and Production segment offers production enhancement services, including stimulation and sand control services; and cementing services, such as bonding the well, well casing, and casing equipment. It has a 371.83 P/E ratio. It also provides completion tools that offer downhole solutions and services, including well completion services and products, intelligent well completions, liner hanger systems, sand control systems, and service tools; pressure control services comprising coiled tubing, hydraulic workover units, and downhole tools; and pipeline and process services, such as pre-commissioning and maintenance, subsea pipeline, conventional pipeline, and process services.

The stock decreased 0.15% or $0.06 during the last trading session, reaching $40.53. About 9.52 million shares traded or 8.68% up from the average. Halliburton Company (NYSE:HAL) has declined 7.56% since September 30, 2017 and is downtrending. It has underperformed by 23.18% the S&P500.

Analysts await Halliburton Company (NYSE:HAL) to report earnings on October, 22. They expect $0.59 earnings per share, up 40.48 % or $0.17 from last year’s $0.42 per share. HAL’s profit will be $519.14 million for 17.17 P/E if the $0.59 EPS becomes a reality. After $0.58 actual earnings per share reported by Halliburton Company for the previous quarter, Wall Street now forecasts 1.72 % EPS growth.

Talara Capital Management Llc holds 8.8% of its portfolio in Halliburton Company for 351,351 shares. Energy Opportunities Capital Management Llc owns 283,553 shares or 7.79% of their US portfolio. Moreover, Lafitte Capital Management Lp has 5.13% invested in the company for 300,000 shares. The New York-based Sanders Capital Llc has invested 3.83% in the stock. Argentiere Capital Ag, a Switzerland-based fund reported 218,981 shares.

Halliburton Company (NYSE:HAL) Ratings Coverage

Ratings analysis reveals 92% of Halliburton’s analysts are positive. Out of 13 Wall Street analysts rating Halliburton, 12 give it “Buy”, 0 “Sell” rating, while 1 recommend “Hold”. The lowest target is $45 while the high is $6500. The stock’s average target of $55.85 is 37.80% above today’s ($40.53) share price. HAL was included in 18 notes of analysts from April 4, 2018. The stock of Halliburton Company (NYSE:HAL) earned “Buy” rating by Citigroup on Monday, June 25. The rating was maintained by Guggenheim on Tuesday, April 24 with “Buy”. On Tuesday, September 11 the stock rating was maintained by Raymond James with “Strong Buy”. The firm earned “Overweight” rating on Monday, September 17 by JP Morgan. The firm earned “Outperform” rating on Tuesday, July 24 by Credit Suisse. Seaport Global maintained it with “Buy” rating and $6300 target in Tuesday, April 24 report. The rating was maintained by Jefferies with “Buy” on Monday, April 23. The rating was maintained by Wells Fargo on Thursday, May 24 with “Buy”. The stock has “Overweight” rating by Barclays Capital on Wednesday, April 25. As per Tuesday, July 24, the company rating was maintained by Cowen & Co.

More news for Halliburton Company (NYSE:HAL) were recently published by: Seekingalpha.com, which released: “Halliburton Company (HAL) CEO Jeff Miller Presents at Barclays CEO Energy-Power Brokers Conference (Transcript)” on September 05, 2018. Seekingalpha.com‘s article titled: “Halliburton Is Getting More Concerned About The Market” and published on September 12, 2018 is yet another important article.

Halliburton Company (NYSE:HAL) Institutional Positions Chart

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