Bidness Etc - Shares Of Halliburton Bought By Traders In Low Price

Shares of Halliburton Company were seen to have a high purchasing power during the trading session on Friday, 20th February 2015. As the share price was observed to decline, the traders at the stock house started buying the company’s shares in a huge number and did not miss a chance to make use of the weakness of the company’s share price.
The inflow of money reported in a recent press release by AnalystRatingsNetwork.com was recorded at $140.17 in the upticks during the trading session whereas the outflow of money recorded in the downticks was recorded at $100.48. The total net flow of money recorded throughout the session was $39.69 million for the day. In comparison to all the other companies at the trading house, Halliburton Company (NYSE:HAL) seemed to be on the 12th in receiving the highest amount of net revenue inflow into the stock. The company’s share price traded downwards by $0.88 and closed at $43.36.
A few prominent equity firms have commented on the share value and target price on the company’s stock. Out of all the other analysts, analysts at BMO Capital were the first ones to comment on Halliburton’s stock price. They declared the company’s ratings to be an ‘outperform’ and suggested a price target of $53.00 on the stock. CitiGroup analysts elevated their suggested target price of the company from $50.00 to $51.00 and presented the shares of the firm with a ‘buy’ rating in a research note disclosed on Wednesday, 27th January 2015.
However, financial analysts at Zacks declared the company’s ratings to be an ‘underperform’, changing from the previously given status of a ‘neutral’ and decreased their price target on the company’s shares finally coming around at $37.00. Following a similar pattern, analysts at Argus observed the company’s financial activities closely and ended up lowering their price target from $64.00 to $50.00 and set the ratings of a ‘buy’ on the shares. Seven equity firms have given the company a ‘hold’ rating where twenty three analysts have given a ‘buy’ rating to the company’s shares. The oil field service provider has an average rating of a ‘buy’ and an average price target set at $65.10.
Halliburton announced its quarter earnings report on Tuesday, 20th January in which the EPS for the year was reported at $1.19, which was $0.01 lower than the expected earnings of analysts. For the present year, analysts have given an estimate on the EPS to be $2.11.