Halliburton (HAL) Forecasted to Earn Q2 2018 Earnings of $0.57 Per Share

Lloyd Doyle
May 15, 2018

Wealthstreet Investment Advisors LLC now owns 31,539 shares of the oilfield services company's stock worth $1,481,000 after purchasing an additional 1,100 shares during the last quarter. Halliburton Co now has $46.20B valuation.

Shares of HAL stock traded down $0.43 on Thursday, reaching $52.28. Fil Limited has 1.50M shares. The company's revenue for the quarter was up 34.1% compared to the same quarter previous year. It has underperformed by 13.43% the S&P500. Hedeker Wealth Lc reported 1.03% stake. The stock decreased 3.52% or $1.06 during the last trading session, reaching $28.92. About 98,075 shares traded. Also Seekingalpha.com published the news titled: "Halliburton: Upside Under $50" on April 25, 2018. Benzinga.com's article titled: "Earnings Scheduled For May 14, 2018" and published on May 14, 2018 is yet another important article.

Brave Warrior Advisors Llc, which manages about $2.80 billion and $2.35B US Long portfolio, decreased its stake in Antero Res Corp (NYSE:AR) by 128,495 shares to 11.04 million shares, valued at $209.84 million in 2017Q4, according to the filing.

Among 10 analysts covering Rexnord Corporation (NYSE:RXN), 8 have Buy rating, 0 Sell and 2 Hold. Therefore 80% are positive. The stock of Rexnord Corporation (NYSE:RXN) has "Outperform" rating given on Tuesday, November 8 by Robert W. Baird. Finally, Jefferies Group set a $57.00 price target on Halliburton and gave the stock a "buy" rating in a research report on Thursday, January 4th. The rating was maintained by Jefferies with "Buy" on Monday, April 23. The stock of Rexnord Corporation (NYSE:RXN) has "Equalweight" rating given on Monday, July 18 by Barclays Capital. The average 12-month price target among brokerages that have issued ratings on the stock in the past year is $59.00. The stock of Rexnord Corporation (NYSE:RXN) has "Hold" rating given on Thursday, August 6 by Deutsche Bank.

Investors sentiment increased to 1.71 in 2017 Q4. Its up 0.18, from 1.53 in 2017Q3. In a transaction dated January 22, 2018, the shares were put up for sale at an average price of $54.98, raking in a sum of $713,475. Mitchell Mcleod Pugh Williams invested in 0.16% or 4,810 shares. Quantitative Systematic Strategies Limited Liability Corp owns 37,049 shares. Duff Phelps Inv Mgmt Company, Illinois-based fund reported 9,590 shares. 675.47 million shares or 0.60% less from 679.57 million shares in 2017Q3 were reported. Wellington Mngmt Group Incorporated Llp invested in 0.02% or 4.17M shares. Checchi Cap Advisers Lc reported 0.05% stake. 193,237 are held by Citadel Advsrs Ltd Liability. Gam Holdings Ag owns 134,185 shares or 0.2% of their USA portfolio. Ancora Advsr Ltd Llc has invested 0.01% of its portfolio in Rexnord Corporation (NYSE:RXN). California State Teachers Retirement System owns 164,184 shares. Principal Grp holds 0.07% or 1.63 million shares. Great West Life Assurance Communications Can invested 0% in Rexnord Corporation (NYSE:RXN).

Since January 2, 2018, it had 0 insider purchases, and 10 sales for $8.39 million activity. Finally, Financial Counselors Inc. lifted its holdings in shares of Halliburton by 23.7% in the fourth quarter. The insider Voyles Robb L. sold $2.16 million.

President - Western Hemisphere, Brown James S, sold 12,977 common shares of Halliburton Company (HAL) in the open market.

Halliburton (NYSE:HAL) last posted its earnings results on Monday, April 23rd. McKeon Timothy sold 4,583 shares worth $251,835. Halliburton Company (NYSE:HAL) has declined 1.88% since May 12, 2017 and is downtrending. It also increased its holding in Facebook Inc (NASDAQ:FB) by 18,033 shares in the quarter, for a total of 245,865 shares, and has risen its stake in Autodesk Inc (NASDAQ:ADSK). Generally speaking, if the indicator rises above -20, the shares may be overbought. Tower Capital Ltd Liability (Trc) reported 0.2% of its portfolio in Halliburton Company (NYSE:HAL). One equities research analyst has rated the stock with a sell rating, six have given a hold rating and twenty-one have issued a buy rating to the company's stock. As per Tuesday, January 23, the company rating was maintained by Seaport Global. The firm earned "Buy" rating on Tuesday, January 23 by J.P. Morgan. FBR Capital maintained Halliburton Company (NYSE:HAL) on Wednesday, January 24 with "Buy" rating. This indicator can be used to identify short-term overbought and oversold zones, to confirm divergences between prices and indicators and to predict future price targets. The firm earned "Outperform" rating on Friday, December 2 by Bernstein.

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