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Market Update: Halliburton Company (NYSE:HAL) – U.S. sues ValueAct over Halliburton-Baker Hughes deal disclosures

[Reuters] – The U.S. Department of Justice said it had sued activist investor ValueAct Capital for violating pre-merger notification requirements related to oilfield service provider Halliburton Co’s deal to buy rival … Read more on this. Halliburton Company (HAL) , valued at $29.29B, began trading this morning at $34.85. A quick look at the market, the company’s stock traded between $33.83 and $35.30 and has traded between $27.64 and $50.20 over the past 12 months. HAL shares are currently priced at 97.47x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 0.04x forward p/e ratio. And for those looking to make a return holding the stock, the company pays shareholders $0.72 per share annually in dividends, yielding 2.05%. In a review of the consensus earnings estimate this quarter, 33 sell-side analysts are looking at $0.07 per share, which would be $0.42 worse than the year-ago quarter and a $0.11 sequential decrease. The full-year EPS estimate is $0.36 which would be a $1.20 worse than last year’s full-year earnings. The quarterly earnings estimate is predicated on a consensus revenue forecast of $4.27 Billion. If reported, that would be a 39.43% decrease over the year-ago quarter. More recently, DA Davidson Initiated HAL at Buy (Feb 19, 2016). Previously, KLR Group upgraded HAL from Accumulate to Buy. When considering if the stock is under or overvalued, the average price target is $40.74, which is 16.90% above where the stock opened this morning. See more in (NYSE:HAL) Similar Articles: Company Update: Halliburton Company (NYSE:HAL) – EU regulators to decide on Halliburton, Baker Hughes deal by July 11 Market Update: Halliburton Company (NYSE:HAL) – Halliburton says no deal yet with regulators on size of asset sales Stock Update (NYSE:HAL): EU opens probe into Halliburton’s planned purchase of Baker Hughes
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