How Did Halliburton’s Share Price and Returns React?



Halliburton’s share price 

Halliburton (HAL) released its financial results for 3Q16 on October 19, 2016. On that day, its stock price reacted positively. It rose ~4% to $44.13 from the previous day’s close. Since the beginning of the year, its share price rose ~42%.

FMC Technologies (FTI), which also released its financial information for 3Q16 on October 19, saw a modest ~1% increase in its share price on the day of the earnings release.

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Halliburton’s share price returns compared to the industry

In the past year, Halliburton’s stock generated 33.7% returns (net of dividends) until October 19. In the past year, Halliburton outperformed the VanEck Vectors Oil Services ETF (OIH). It produced ~4% returns. The Energy Select Sector SPDR ETF (XLE), the broader energy industry ETF, produced 7% returns. Halliburton even outperformed the SPDR S&P 500 ETF (SPY). It generated 7.6% returns during the same period. Halliburton outperformed the US rig count. The rig count fell 32% in the past year. Read Has Halliburton Found Its Footing after the Baker Hughes Breakup? to learn more about Halliburton.

Next, we’ll discuss Wall Street analysts’ targets for Halliburton.


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