Halliburton Posts Solid 1Q Earnings, Sees 24% Rise in North American Revenue

Shares traded up about 1.3% in Monday's premarket session at $47.68. The share price of the stock surged 10.11% for the year. Halliburton Company has an average rating of "Buy" and a consensus target price of $59.69.

At time of writing this, Halliburton shares are trading up by 0.47 percent. 2 have given the stock a Hold rating, 0 as Underperform and 1 as Sell.

Halliburton's stock closed at $47.06 on Friday, down about 1.3% for the day. The stock's 52-week range is $38.24 to $58.78. The stock's market cap is $40.80 billion.

Let's also take a brief look at the stock price in relation to some highs/lows and moving averages. The relative volume (ratio between current volume and 3-month average) is presently sitting at 1.63.

Net loss attributable to Halliburton narrowed to $32 million, or 4 cents per share, in the first quarter ended March 31, from $2.41 billion, or $2.81 per share, a year earlier.

The consensus mean EPS for the current quarter is at $0.03 derived from a total of 35 estimates. Halliburton Company (NYSE:HAL) has a Return on Assets (ROA) of -20%. The company had reported the adjusted revenue growth of 1.4 percent to $4.28 billion in the first quarter of FY 17, which is in line with the analysts' estimates for revenue of $4.26 billion. The firm's revenue for the quarter was down 20.9% compared to the same quarter past year.

Halliburton said adjusted earnings were 4 cents a share for the three months ended in March, down 43% from the same period previous year but modestly ahead of Wall Street's estimate of 3 cents.

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Headlines about Halliburton Company (NYSE:HAL) have trended somewhat positive on Saturday, according to Alpha One Sentiment Analysis. The shares were purchased at an average cost of $57.11 per share, with a total value of $307,822.90. Following the completion of the transaction, the insider now directly owns 16,718 shares in the company, valued at $968,975.28. Also, Director Jeffrey Allen Miller sold 725 shares of the stock in a transaction on Wednesday, April 5th. The shares were sold at an average price of $50.28, for a total transaction of $36,453.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 5,717 shares of company stock worth $321,990. Halliburton Company earned a media sentiment score of 0.24 on Alpha One's scale.

A number of hedge funds have recently added to or reduced their stakes in the stock. Discovery Capital Management LLC CT bought a new stake in Halliburton Company during the fourth quarter worth approximately $193,469,000. Rothschild Investment Corp IL now owns 143,470 shares of the oilfield services company's stock valued at $7,060,000 after buying an additional 425 shares during the last quarter.

Halliburton Company had its "buy" rating reiterated by analysts at Deutsche Bank.

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