Halliburton (HAL) Beats on Q3 Earnings, Misses Revenues

Several brokerages have weighed in on HAL.

Halliburton Company (NYSE:HAL) shares will open today at 37.74 after closing yesterday at 39.26. Now the company Insiders own 0.38% of Halliburton Co Company shares according to the proxy statements. The higher price target estimate for the stock has been calculated at $60 while the lower price target estimate is at $38.

The stock of SM Energy Co (NYSE:SM)lost -3.61% to close Friday’s session at Dollars 40.17.

Luke Lemoine, an analyst at Capital One Southcoast in New Orleans who rates the shares the equivalent of a buy and owns none, said in a phone interview before the results were released. Vetr raised shares of Halliburton Company from a “buy” rating to a “strong-buy” rating and set a $56.50 price target on the stock in a research report on Monday, June 29th.

The company shares have dropped -28.55% from its 1 Year high price. Further, the company is trading at a price to earnings ratio of 6.11 and the stock is at a price to book ratio of 1.19. The 52-week low of the share price is $30.9301. The company’s 50-day moving average price is $37.71 and its 200-day moving average price is $42.33.

Before the opening bells on Monday, Halliburton Company (NYSE:HAL) announced its 3QFY15 financial results, beating the consensus estimate for earnings, on an adjusted basis. The oil and gas services company posted adjusted diluted earnings per share (EPS) of $0.31 on revenues of $5.58 billion. During the same period in the previous year, the business posted $0.91 earnings per share. The business’s revenue for the quarter was down 26.5% compared to the same quarter a year ago. For the full year, EPS is estimated at $1.47 on revenues of $24.17 billion. The transaction was executed at $39.3 per share with total amount equaling $133,620. Brown James S sold 29,026 shares worth $1.41 million. The purchase was disclosed in a filing with the SEC, which is available through the SEC website.

Halliburton Company is a provider of services and products to the upstream oil and natural gas industry. The Company manages run under two divisions, which form the foundation for its two operating segments: the Completion and Production segment, as well as the Drilling and Evaluation segment. The Company’s Completion and Production segment delivers cementing, stimulation, intervention, pressure control, specialty chemicals, artificial lift, and completion services and products. Generation Enhancement services include stimulus services and sand management services. The Firm’s Drilling and Assessment section supplies evaluation, drilling, reservoir and subject modeling, and precise wellbore positioning alternatives.