Halliburton Company PT Raised to $89.00 (HAL)
Research analysts at Cowen and Company upped their price target on shares of Halliburton Company (NYSE:HAL) from $76.00 to $89.00 in a report released on Tuesday. The firm currently has an “outperform” rating on the stock. Cowen and Company’s target price indicates a potential upside of 21.44% from the stock’s previous close.
Several other analysts have also recently commented on the stock. Analysts at Goldman Sachs raised their price target on shares of Halliburton Company from $79.00 to $87.00 in a research note on Thursday, July 10th. Separately, analysts at Susquehanna raised their price target on shares of Halliburton Company from $75.00 to $88.00 in a research note on Wednesday, July 2nd. Finally, analysts at Credit Suisse reiterated an “outperform” rating on shares of Halliburton Company in a research note on Monday, June 23rd. They now have a $79.00 price target on the stock, up previously from $78.00. Five analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $76.82.
Halliburton Company (NYSE:HAL) traded up 3.23% during mid-day trading on Tuesday, hitting $73.29. 11,419,188 shares of the company’s stock traded hands. Halliburton Company has a 52 week low of $43.78 and a 52 week high of $73.43. The stock’s 50-day moving average is $69.03 and its 200-day moving average is $60.17. The company has a market cap of $61.895 billion and a price-to-earnings ratio of 22.73.
Halliburton Company (NYSE:HAL) last posted its quarterly earnings results on Monday, July 21st. The company reported $0.91 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.91. The company had revenue of $8.10 billion for the quarter, compared to the consensus estimate of $7.88 billion. During the same quarter in the prior year, the company posted $0.73 earnings per share. The company’s quarterly revenue was up 10.0% on a year-over-year basis. Analysts expect that Halliburton Company will post $4.00 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, September 24th. Stockholders of record on Wednesday, September 3rd will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 0.82%.
In other Halliburton Company news, Insider James S. Brown sold 10,000 shares of the company’s stock on the open market in a transaction that occurred on Wednesday, July 16th. The shares were sold at an average price of $71.50, for a total transaction of $715,000.00. The sale was disclosed in a filing with the SEC, 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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