Halliburton’s Buy Rating Reaffirmed at TheStreet (HAL)
Halliburton (NYSE:HAL)‘s stock had its “buy” rating reiterated by investment analysts at TheStreet in a note issued to investors on Monday, American Banking News.com reports.
The analysts wrote, “Halliburton Company (HAL) has been reiterated by TheStreet Ratings as a buy with a ratings score of B. The company’s strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, good cash flow from operations, solid stock price performance and growth in earnings per share. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity.”
Several other analysts have also recently commented on the stock. Analysts at Raymond James upgraded shares of Halliburton from an “outperform” rating to a “strong-buy” rating in a research note on Monday. Separately, analysts at Wells Fargo & Co. downgraded shares of Halliburton from an “outperform” rating to a “market perform” rating in a research note on Monday. They noted that the move was a valuation call. Finally, analysts at Deutsche Bank cut their price target on shares of Halliburton from $84.00 to $75.00 in a research note on Tuesday, February 18th. They now have a “buy” rating on the stock. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, twenty-two have issued a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $61.81.
In other Halliburton news, VP Albert Cornelison, Jr. sold 12,882 shares of the company’s stock on the open market in a transaction dated Thursday, February 20th. The shares were sold at an average price of $55.30, for a total transaction of $712,374.60. Following the completion of the transaction, the vice president now directly owns 76,968 shares of the company’s stock, valued at approximately $4,256,330. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
Halliburton (NYSE:HAL) opened at 55.98 on Monday. Halliburton has a 52 week low of $36.77 and a 52 week high of $56.52. The stock has a 50-day moving average of $50.74 and a 200-day moving average of $50.47. The company has a market cap of $47.631 billion and a price-to-earnings ratio of 23.52.
Halliburton (NYSE:HAL) last issued its quarterly earnings data on Tuesday, January 21st. The company reported $0.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.89 by $0.04. The company had revenue of $7.60 billion for the quarter, compared to the consensus estimate of $7.56 billion. During the same quarter in the previous year, the company posted $0.67 earnings per share. The company’s revenue for the quarter was up 4.8% on a year-over-year basis. On average, analysts predict that Halliburton will post $3.95 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, March 26th. Investors of record on Wednesday, March 5th will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 1.47%. The ex-dividend date is Monday, March 3rd.
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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