Market Update: Halliburton Company (NYSE:HAL) – Halliburton says no deal yet with regulators on size of asset sales

[Reuters] – Halliburton Co, which is awaiting regulatory approval for its acquisition of Baker Hughes Inc , said it was yet to reach an agreement with U.S. and European regulators about the “adequacy” of proposed divestitures. Halliburton presented “an enhanced set of proposed divestitures” to the U.S. Department of Justice earlier this month, CEO Dave Lesar said on a post-earnings call. Read more on this. Halliburton Company (HAL) , valued at $25.06B, opened this morning at $30.13. During today’s session, HAL traded between $29.23 to $30.66 and has traded between $27.64 and $50.20 over the past year. Halliburton (HAL) shares are currently priced at 20.40x this year’s forecasted earnings, which makes them relatively expensive compared to the industry ’s 13.54x earnings multiple for the same period. The company pays shareholders $0.72 per share in dividend income per year, for a current yield of 2.38%. According to a consensus of 33 analysts, the earnings estimate of $0.24 per share would be $0.95 worse than the year-ago quarter and a $0.00 sequential decrease. What we find to be interesting is that the full-year EPS estimate of $1.48 is a $2.54 setback when compared to the previous year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $5.11 Billion. If reported, that would be a 41.73% decrease over the year-ago quarter. Recently, KeyBanc Capital Mkts upgraded HAL from Sector Weight to Overweight (Jan 5, 2016). Previously, JP Morgan Initiated HAL at to Overweight. The average price target for HAL shares by the analysts covering it is $43.44, which is 44.18% above where the stock opened. See more in (NYSE:HAL) Similar Articles: Market Update (NYSE:HAL): Halliburton, Baker Hughes plan more divestitures for deal approval Market Update: Halliburton Company (NYSE:HAL) – Halliburton to Present at the Barclays CEO Energy-Power Conference Stock Update: Halliburton Company (NYSE:HAL) – EU regulators suspend review of Halliburton, Baker Hughes