Breaking News Bar

Business News and Information

Market Update (NYSE:HAL): Halliburton 2016 Second Quarter Conference Call

[Business Wire] – Halliburton will host a conference call on Wednesday, July 20, 2016, to discuss the second quarter 2016 financial results. The call will begin at 8:00 AM Central Time . Read more on this. Halliburton Company (HAL) , currently valued at $34.49B, began trading this morning at $40.00. A quick look at the market, the company’s stock traded between $39.32 and $40.43 and has traded between $27.64 and $46.69 over the past year. HAL shares are currently priced at -223.78x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s -1.77x forward p/e ratio. And for income investors, the company pays shareholders $0.72 per share annually in dividends, yielding 1.79%. In a review of the consensus earnings estimate this quarter, 36 sell-side analysts are looking at $-0.17 per share, which would be $0.44 better than the year-ago quarter and a $0.10 sequential increase. The full-year EPS estimate is $-0.18 which would be a $1.74 worse than last year’s full-year earnings. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $3.79 Billion. If realized, that would be a 35.98% decrease over the year-ago quarter. Recently, Griffin Securities upgraded HAL from Neutral to Buy (May 19, 2016). Previously, FBR Capital upgraded HAL from Mkt Perform to Outperform. The average price target for HAL shares by the analysts covering the stock is $45.48, which is 13.70% above where the stock opened this morning. See more in (NYSE:HAL) Similar Articles: Stock Update (NYSE:HAL): Halliburton says it cut 6,000 jobs in first quarter, delays earnings call Market Update: Halliburton Company (NYSE:HAL) – U.S. sues ValueAct over Halliburton-Baker Hughes deal disclosures Market Update: Halliburton Company (NYSE:HAL) – Halliburton says no deal yet with regulators on size of asset sales
Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.
 
bottom clear