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How Did Halliburton’s Share Price and Returns React?

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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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