Halliburton Companys in-depth stock price analysis indicates that the stock price has rallied 13.83% in the past 12 Weeks , but analyzing the 6 month charts for the stock , the price continues to stay positive and keep the rally at 25.97% . Looking at the past 52 week period, the stock price is up at 92.82% . Relative price strength is a important factor used by wealth management firms while investing in stocks because the indicator compares the stock performance with the overall market. The relative price strength of Halliburton Company has a positive value of 51.43 compared to overall market. Halliburton Company (NYSE:HAL) has tumbled 0.8% during the past week, however, the bigger picture is still very bullish; the stocks have advanced and posted positive gains of 2.92% in the last four weeks. The stocks have underperformed the S&P 500 by 1.6% during the past week but Halliburton Company (NYSE:HAL) it has outperformed the index in 4 weeks by 1.07%.
Halliburton Company (NYSE:HAL) stock ended Friday session in the red zone in a volatile trading. The stock closed down 0.55 points or 0.97% at $56.13 with 7,937,524 shares getting traded. Post opening the session at $57.02, the shares hit an intraday low of $55.99 and an intraday high of $57.38 and the price was in this range throughout the day. The company has a market cap of $48,661 million and the number of outstanding shares has been calculated to be 866,933,210 shares. The 52-week high of Halliburton Company (NYSE:HAL) is $58.78 and the 52-week low is $27.96.
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.
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 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.