Today it was reported that a Director at Halliburton (NYSE: HAL), Robert A. Malone, exercised options to buy 8,053 HAL shares at $42.06 a share, for a total transaction value of $338.7K.
Following this transaction Robert A. Malone’s holding in the company was increased by 34.05% to a total of $1.33 million. This is Malone’s first transaction since reporting a Buy transaction on BTUUQ back in December 2014
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Based on Halliburton’s latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $6.15 billion and quarterly net profit of $511 million. In comparison, last year the company earned revenue of $4.96 billion and had a net profit of $28 million. HAL’s market cap is $36.84B and the company has a P/E ratio of 381. Currently, Halliburton has an average volume of 7.33M.
47 different firms, including Argus Research and B.Riley FBR, currently also have a Buy rating on the stock. Based on 16 analyst ratings, the analyst consensus is Strong Buy with an average price target of $55.60, reflecting a -24.4% downside. One of the top 25 analysts, according to TipRanks.com, recently recommended Buy HAL with a $54 price target.
The insider sentiment on Halliburton has been positive according to 71 insider trades in the past three months. This sentiment is slightly higher than the average sentiment of company insiders in this sector.
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Halliburton Co. engages in the provision of services and products to the energy industry related to the exploration, development, and production of oil and natural gas. It operates through the following segments: Completion & Production, and Drilling & Evaluation business segments.
