Halliburton Co. (HAL) Increase Buyback by $6B, Declares Dividend
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Go back to Halliburton Co. (HAL) Increase Buyback by $6B, Declares Dividend
July 22, 2014 8:39 AM EDT
Jefferies analyst Brad Handler raised estimates and his price target on Buy-rated Halliburton (NYSE: HAL) to $86.00 (from $75.00) following Q2 results.
Handler said, "We raise estimates on flow through of HAL's strong 2Q in NAM and its frac capacity additions in '14 (we... More
July 21, 2014 7:02 AM EDT
Halliburton Co. (NYSE: HAL) reported Q2 EPS of $0.91, in-line with the analyst estimate of $0.91. Revenue for the quarter came in at $8.1 billion versus the consensus estimate of $7.88 billion.
Separatly, Halliburton's board of directors also increased the authorization to purchase Halliburton common stock to a total of $6.0 billion
I am very pleased with Halliburtons second quarter results and continue to be very excited about the momentum of our business for the rest of the year and beyond. Once again, we delivered industry-leading revenue growth both sequentially and year over year compared to our primary... More
