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Stock Update (NYSE:HAL): Halliburton to Present at Wells Fargo West Coast Energy Conference

[Business Wire] – Halliburton announced today that it will present at the 2016 Wells Fargo West Coast Energy Conference on Tuesday, June 21, 2016, at 11:45 AM Pacific Time . Read more on this. Halliburton Company (HAL) , valued at $37.79B, opened this morning at $43.85. Shares have traded today between $43.47 and $44.61 per share with its 52-week range being $27.64 to $46.69. Priced at -231.53x this year’s forecasted earnings, HAL shares are relatively inexpensive compared to the industry’s -10.62x forward p/e ratio. The company pays shareholders $0.72 per share in dividend income per year, for a current yield of 1.62%. According to a consensus of 37 analysts, the earnings estimate of $-0.17 per share would be $0.44 better than the year-ago quarter and a $0.08 sequential increase. Furthermore, our analysis shows the full-year EPS estimate to be $-0.19, which would be a $1.75 worse when compared to the last year’s annual results. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $3.78 Billion. If realized, that would be a 36.15% 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 is $46.51, which is 6.07% above where the stock opened this morning. See more in (NYSE:HAL) Similar Articles: Market Update (NYSE:HAL): Halliburton 2016 Second Quarter Conference Call Market Update: Halliburton Company (NYSE:HAL) – U.S. sues ValueAct over Halliburton-Baker Hughes deal disclosures Stock Update: Halliburton Company (NYSE:HAL) – Halliburton to slash 5,000 more jobs amid oil slump
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