Halliburton Company is an oilfield services company. The Company is provider of services and products to the energy industry related to the exploration, development, and production of oil and natural gas. HAL is currently trading around $54.14 in a 52 week range of $47.60 – 74.33. The company’s stock has been outperforming the market this year with shares increasing 6.71% year to date. Shares have traded flat since Monday, with the stock gapping up this morning in anticipation of the earnings report next Monday.
Halliburton is scheduled to report Q3 2014 earnings before the opening bell on Monday, October 20th. The results are scheduled for release at approximately 9:30 a.m. EST, during the conference call starting at 9:00 AM EDT. Analysts expect the company to announce earnings of $1.10 per share and revenue of $8.52 billion for the quarter. 5 research analysts have rated the stock with a Hold rating,23 have given a Buy rating and 1 has assigned a Strong Buy rating to the company’s stock, with an average target price of $77.13.
Looking at the company’s earnings history, HAL has rallied 5 of the last 8 quarters. On average, the stock has moved about 2.9% in the last 8 quarters as a result of earnings releases. This earnings season, market makers are implying about a +- 6.3% move in the stock for the October 24 option chain. HAL has been trading above the Ichimoku Cloud on the daily chart since February, falling under the cloud since early September.
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