Shares of Halliburton Company (HAL) Sees Large Inflow of Net Money Flow

The shares of Halliburton Company (HAL) traded with a loss of -0.49 points or -0.87% in the most recent session. The shares last traded at $56.08. As per the trading info, the shares saw $16.63 million in upticks and lost $13.58 million in downticks, resulting in a net money flow of $3.05 million. The up/down ratio for the day was measured at 1.22. For the week, the shares had posted -3.66%.From the block trade data available, the total upticks were valued at $6.16 million and the total downticks were valued at $1.23 million, thereby putting the up/down ratio at 5.03. The net money flow for the block transaction was $4.94 million.Block trades are executed by Investment Banking firms or Wealth Managers shifting positions or Day traders taking advantage of trading signals.

Halliburton Company has dropped 2.06% in the last five trading days, however, the shares have posted positive gains of 3.96% in the last 4 weeks. Halliburton Company is up 22.65% in the last 3-month period. Year-to-Date the stock performance stands at 3.96%. Halliburton Company (NYSE:HAL) witnessed a decline in the market cap on Wednesday as its shares dropped 0.6% or 0.34 points. After the session commenced at $57.18, the stock reached the higher end at $57.23 while it hit a low of $55.41. With the volume soaring to 7,082,982 shares, the last trade was called at $56.23. The company has a 52-week high of $58.78. The company has a market cap of $48,608 million and there are 864,452,220 shares in outstanding. The 52-week low of the share price is $27.96.

Company has reported several Insider transactions to the SEC, on Jan 30, 2017, Myrtle L Jones (Senior Vice Pres – Tax) sold 3,392 shares at 57.97 per share price.On Jan 11, 2017, Eric Carre (EVP, Global Business Lines) sold 8,529 shares at 56.05 per share price.On Jan 6, 2017, Jeffrey Allen Miller (President) sold 3,166 shares at 56.19 per share price.

Halliburton Company Last issued its quarterly earnings results on Jan 23, 2017. The company reported $0.04 EPS for the quarter, beating the analyst consensus estimate by $ 0.02. Analyst had a consensus of $0.02. The company had revenue of $4021.00 million for the quarter, compared to analysts expectations of $4099.74 million. The companys revenue was down -20.9 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.31 EPS.

Several Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock.Halliburton Company was Initiated by SunTrust to Buy on Jan 18, 2017. Company shares were Reiterated by FBR & Co. on Jan 9, 2017 to Outperform, Raises Price Target to $ 69 from a previous price target of $58 .Halliburton Company was Initiated by Bernstein to Outperform on Dec 2, 2016.

Halliburton is one of the worlds largest providers of products and services to the energy industry. The company serves the upstream oil and gas industry throughout the lifecycle of the reservoir – from locating hydrocarbons and managing geological data, to drilling and formation evaluation, well construction and completion, and optimizing production through the life of the field. The company operates under two main segments: Completion and Production, and Drilling and Evaluation.


Share this post

Leave a Reply