Halliburton Price Target Increased to $56.00 by Analysts at Howard Weil (HAL)
Research analysts at Howard Weil boosted their price target on shares of Halliburton (NYSE:HAL) from $50.00 to $56.00 in a report released on Monday, Stock Ratings Network reports. The firm currently has a “sector perform” rating on the stock. Howard Weil’s price target indicates a potential upside of 15.73% from the stock’s previous close.
Shares of Halliburton (NYSE:HAL) opened at 48.39 on Monday. Halliburton has a one year low of $29.83 and a one year high of $50.50. The stock has a 50-day moving average of $48.46 and a 200-day moving average of $43.94. The company has a market cap of $44.208 billion and a price-to-earnings ratio of 23.69.
Halliburton (NYSE:HAL) last posted its quarterly 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 last year, the company posted $0.82 earnings per share. Halliburton’s revenue was up 1.1% compared to the same quarter last year. On average, analysts predict that Halliburton will post $3.22 earnings per share for the current fiscal year.
In other Halliburton news, CFO Mark Mccollum sold 52,400 shares of the company’s stock on the open market in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $50.07, for a total value of $2,623,668.00. Following the completion of the sale, the chief financial officer now directly owns 132,661 shares in the company, valued at approximately $6,642,336. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
A number of other firms have also recently commented on HAL. Analysts at TheStreet reiterated a “buy” rating on shares of Halliburton (NYSE:HAL) in a research note to investors on Friday, September 20th. Separately, analysts at Cowen and Company cut their price target on shares of Halliburton (NYSE:HAL) from $25.00 to $11.00 in a research note to investors on Wednesday, September 18th. They now have a “hold” rating on the stock. Finally, analysts at Macquarie downgraded shares of Halliburton (NYSE:HAL) from an “outperform” rating to a “neutral” rating in a research note to investors on Thursday, September 12th. They now have a $54.00 price target on the stock, up previously from $51.00. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, nineteen have assigned a buy rating and two have assigned a strong buy rating to the stock. The company has an average rating of “Buy” and an average price target of $53.42.
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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