Halliburton Company Given New $75.00 Price Target at Howard Weil (HAL)
Stock analysts at Howard Weil hoisted their target price on shares of Halliburton Company (NYSE:HAL) from $73.00 to $75.00 in a report issued on Wednesday. The firm currently has a “sector outperform” rating on the stock. Howard Weil’s price target points to a potential upside of 10.93% from the stock’s previous close.
Shares of Halliburton Company (NYSE:HAL) opened at 67.61 on Wednesday. Halliburton Company has a one year low of $40.12 and a one year high of $68.14. The stock’s 50-day moving average is $64.61 and its 200-day moving average is $56.8. The company has a market cap of $57.098 billion and a price-to-earnings ratio of 21.64. Halliburton Company also saw a significant drop in short interest during the month of May. As of May 30th, there was short interest totalling 11,768,827 shares, a drop of 17.7% from the May 15th total of 14,298,141 shares. Based on an average daily volume of 5,174,615 shares, the days-to-cover ratio is currently 2.3 days. Currently, 1.4% of the company’s shares are short sold.
Halliburton Company (NYSE:HAL) last posted its quarterly earnings results on Monday, April 21st. The company reported $0.73 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.72 by $0.01. The company had revenue of $7.30 billion for the quarter, compared to the consensus estimate of $7.25 billion. During the same quarter last year, the company posted $0.67 earnings per share. Halliburton Company’s revenue was up 5.4% compared to the same quarter last year. On average, analysts predict that Halliburton Company will post $3.97 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, June 25th. Stockholders of record on Wednesday, June 4th will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 0.89%. The ex-dividend date of this dividend is Monday, June 2nd.
A number of other analysts have also recently weighed in on HAL. Analysts at Zacks reiterated a “neutral” rating on shares of Halliburton Company in a research note on Thursday, June 12th. They now have a $70.00 price target on the stock. Separately, analysts at Societe Generale downgraded shares of Halliburton Company from a “buy” rating to a “hold” rating in a research note on Thursday, June 12th. Finally, analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Halliburton Company in a research note on Thursday, June 12th. They now have a $78.00 price target on the stock, up previously from $77.00. Six research analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $71.07.
In other Halliburton Company news, CEO David J. Lesar unloaded 35,350 shares of Halliburton Company stock in a transaction that occurred on Thursday, June 12th. The stock was sold at an average price of $67.99, for a total transaction of $2,403,446.50. The transaction 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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