Halliburton Rating Lowered to Neutral at Macquarie (HAL)
Halliburton (NYSE:HAL) was downgraded by equities research analysts at Macquarie from an “outperform” rating to a “neutral” rating in a research note issued to investors on Thursday, TheFlyOnTheWall.com reports.
Other equities research analysts have also recently issued reports about the stock. Analysts at TheStreet reiterated a “buy” rating on shares of Halliburton (NYSE:HAL) in a research note to investors on Monday. Separately, analysts at Wells Fargo & Co. downgraded shares of Halliburton (NYSE:HAL) from an “outperform” rating to a “market perform” rating in a research note to investors on Monday. Finally, analysts at Sterne Agee raised their price target on shares of Halliburton (NYSE:HAL) to $63.00 in a research note to investors on Wednesday, September 4th. They now have a “buy” rating on the stock.
Two investment analysts have rated the stock with a sell rating, six have given a hold rating, twenty have issued a buy rating and two have issued a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $56.17.
Shares of Halliburton (NYSE:HAL) opened at 50.19 on Thursday. Halliburton has a 52-week low of $29.83 and a 52-week high of $50.50. The stock’s 50-day moving average is $47.24 and its 200-day moving average is $43.25. The company has a market cap of $45.853 billion and a P/E ratio of 24.57.
Halliburton (NYSE:HAL) last announced its earnings results on Monday, July 22nd. The company reported $0.73 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.72 by $0.01. The company had revenue of $7.32 billion for the quarter, compared to the consensus estimate of $7.29 billion. During the same quarter in the prior year, the company posted $0.82 earnings per share. The company’s quarterly revenue was up 1.1% on a year-over-year basis. Analysts expect that Halliburton will post $3.22 EPS for the current fiscal year.
In other Halliburton news, EVP Lawrence J. Pope sold 17,900 shares of Halliburton stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $50.00, for a total value of $895,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Halliburton Company is an oilfield services company. The Company is provider of services and products to the energy industry related to the exploration, development, and production of oil and natural gas.
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