Halliburton reports better-than-expected profits, warns of worldwide weakness

Posted January 26, 2017

Thanks to falling oil prices and a fourth quarter earnings report from Halliburton (HAL), shares of the VanEck Vectors Oil Services ETF (OIH) have fallen more than 2.5% in recent market action.

Halliburton's shares were down 0.8% at US$56 in pre-market trading yesterday. After excluding the impact of $169 million as one-time charges, earnings per share (EPS) came in at 4 cents per share, which outperformed consensus of 2 cents comprehensively. Eleven analysts surveyed by Zacks expected $4.08 billion. Finally, Societe Generale raised shares of Halliburton from a hold rating to a buy rating and set a $55.00 price target for the company in a report on Monday, October 3rd. IndexIQ Advisors LLC now owns 2,388 shares of the oilfield services company's stock valued at $107,000 after buying an additional 1,274 shares during the period. Shares are near fresh highs these days, and the stock has recovered nicely from its rough start to 2016 when oil prices fell to a 12-year low. 6,764,422 shares of the company's stock were exchanged.

Halliburton Company (NYSE:HAL) Oil & Gas Equipment & Services has a Current Ratio of 3.2 with a Quick Ratio value of 2.6. Endurance Wealth accumulated 1,532 shares or 0.01% of the stock. The stock of Halliburton Company (NYSE:HAL) earned "Buy" rating by SunTrust on Wednesday, January 18. Performance week shows a value of 0.48%, and the Performance for the Month is valued at 2.76%. "Our efforts yielded a more streamlined and focused organisation that generated solid fourth quarter and full year results, including our strongest annual global comparable sales growth since 2011 along with record franchisee cash flows in many of our major markets". Halliburton Company had a positive return on equity of 1.82% and a negative net margin of 33.29%.

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Shares of Halliburton Company (NYSE:HAL) traded down 1.16% on Thursday, hitting $54.54. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and thirty-five have assigned a buy rating to the company. The company rocked its 52-Week High of $56.98 on Jan 6, 2017 and touched its 52-Week Low of $27.96 on Feb 11, 2016. Halliburton Company makes up approx 0.09% of Umb Bank N Amo's portfolio.Asset Management firm, Msi Financial Services Inc reduced its stake in HAL by selling 1,667 shares or 8.84% in the most recent quarter.

Halliburton Company (NYSE:HAL) is now showing its ROA (Return on Assets) of -18%.

Shale producers, encouraged by a rise in crude oil prices after a slump of more than two years, have been drilling and completing more wells in North America. Beta factor, which measures the riskiness of the security, was registered at 1.02.