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Market Update: Halliburton Company (NYSE:HAL) – Halliburton Reappoints Mark McCollum as Chief Financial Officer

[Business Wire] – Halliburton Company today announced Mark McCollum, will resume his role as Executive Vice President and Chief Financial Officer effective immediately. Mr. McCollum will continue reporting to Dave Lesar, Chairman and Chief Executive Officer of Halliburton, and will remain a member of the company’s Executive Committee. Read more on this. Halliburton Company (HAL) , valued at $39.15B, started the session at $45.20. Today’s price range has been between $45.16 and $45.84 per share and has traded between $27.64 and $46.69 over the past 12 months. Halliburton (HAL) shares are currently priced at -215.67x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s -21.14x earnings multiple for the same period. And for dividend hunters, the company pays shareholders $0.72 per share annually in dividends, yielding 1.66%. Consensus earnings for the current quarter by the 37 sell-side analysts covering the stock is an estimate of $-0.18 per share, which would be $0.44 better than the year-ago quarter and a $0.04 sequential increase. Furthermore, our analysis shows the full-year EPS estimate to be $-0.21, which would be a $1.77 setback when compared to the last year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $3.78 Billion. If reported, 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. When considering if perhaps the stock is under or overvalued, the average price target is $47.83, which is 5.82% above where the stock opened this morning. See more in (NYSE:HAL) Similar Articles: Market Update: Halliburton Company (NYSE:HAL) – U.S. Justice Dept will sue to stop Halliburton, Baker Hughes merger – source 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
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