Halliburton Given New $77.00 Price Target at JPMorgan Chase & Co. (HAL)
JPMorgan Chase & Co. boosted their price target on shares of Halliburton (NYSE:HAL) from $66.50 to $77.00 in a research note issued on Wednesday, AnalystRatingsNetwork reports. JPMorgan Chase & Co.’s target price suggests a potential upside of 38.54% from the stock’s previous close.
Shares of Halliburton (NYSE:HAL) traded down 0.76% on Wednesday, hitting $55.16. 6,182,498 shares of the company’s stock traded hands. Halliburton has a one year low of $36.77 and a one year high of $57.01. The stock has a 50-day moving average of $51.36 and a 200-day moving average of $50.75. The company has a market cap of $46.934 billion and a P/E ratio of 23.64.
Halliburton (NYSE:HAL) last posted its quarterly earnings results on Tuesday, January 21st. The company reported $0.93 EPS for the quarter, beating the Thomson Reuters 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 prior year, the company posted $0.67 earnings per share. The company’s quarterly revenue was up 4.8% on a year-over-year basis. Analysts expect that Halliburton will post $3.96 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, March 26th. Stockholders 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 1.08%. The ex-dividend date is Monday, March 3rd.
Other equities research analysts have also recently issued reports about the stock. Analysts at Thomson Reuters/Verus upgraded shares of Halliburton from a “sell” rating to a “hold” rating in a research note on Monday. Separately, analysts at TheStreet reiterated a “buy” rating on shares of Halliburton in a research note on Monday. Finally, analysts at Raymond James upgraded shares of Halliburton from an “outperform” rating to a “strong-buy” rating in a research note on Monday. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating, twenty-one have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $62.57.
In other Halliburton news, EVP Lawrence Pope sold 21,100 shares of the company’s stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $55.47, for a total value of $1,170,417.00. Following the completion of the transaction, the executive vice president now directly owns 167,712 shares of the company’s stock, valued at approximately $9,302,985. The sale was disclosed in a filing with the SEC, which is available at 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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