FBR Capital Reiterates an 'Outperform' on Halliburton (HAL); Adjusting Estimates on North African Unrest

FBR Capital reiterates an 'Outperform' on Halliburton (NYSE: HAL), PT $72.

FBR analyst says, "We are adjusting our earnings estimates as Halliburton recently quantified the 1Q11 EPS impact of North American seasonality and North African unrest as $0.05–$0.08 and $0.03–$0.04, respectively. We had already adjusted 1Q11, and therefore FY 2011 EPS estimates, downward by $0.05 based upon prior commentary about North American seasonality. We have taken an additional $0.10 off FY 2011 EPS to increase conservatism regarding seasonality and account for the continuing unrest in the Middle East."

For more ratings news on Halliburton click here and for the rating history of Halliburton click here.

Shares of Halliburton closed at $47.90 yesterday.

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