Halliburton Company (NYSE:HAL) has been assigned a consensus recommendation of “Buy” from the thirty-five research firms that are covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, twenty-eight have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $59.29.

A number of equities research analysts have issued reports on the company. UBS AG restated a “buy” rating and set a $70.00 price target on shares of Halliburton in a research note on Monday, May 15th. BMO Capital Markets set a $65.00 price target on Halliburton and gave the company a “buy” rating in a research note on Monday, April 24th. Royal Bank Of Canada set a $65.00 price target on Halliburton and gave the company a “buy” rating in a research note on Saturday, June 24th. Credit Suisse Group set a $60.00 price target on Halliburton and gave the company a “buy” rating in a research note on Saturday, July 1st. Finally, Morgan Stanley restated an “overweight” rating and set a $60.00 price target (down from $67.00) on shares of Halliburton in a research note on Wednesday, June 21st.

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In related news, Director William E. Albrecht bought 8,000 shares of the business’s stock in a transaction dated Monday, May 15th. The shares were purchased at an average price of $46.33 per share, with a total value of $370,640.00. Following the transaction, the director now owns 8,000 shares in the company, valued at approximately $370,640. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.46% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in HAL. CrestPoint Capital Management LLC increased its position in Halliburton by 206.5% in the first quarter. CrestPoint Capital Management LLC now owns 14,100 shares of the oilfield services company’s stock valued at $694,000 after buying an additional 9,500 shares in the last quarter. Bremer Trust National Association increased its position in Halliburton by 60.2% in the first quarter. Bremer Trust National Association now owns 10,321 shares of the oilfield services company’s stock valued at $508,000 after buying an additional 3,877 shares in the last quarter. Private Trust Co. NA increased its position in Halliburton by 39.6% in the first quarter. Private Trust Co. NA now owns 9,810 shares of the oilfield services company’s stock valued at $482,000 after buying an additional 2,785 shares in the last quarter. Salem Capital Management Inc. increased its position in Halliburton by 0.4% in the first quarter. Salem Capital Management Inc. now owns 70,300 shares of the oilfield services company’s stock valued at $3,459,000 after buying an additional 275 shares in the last quarter. Finally, Winslow Evans & Crocker Inc. increased its position in Halliburton by 73.9% in the first quarter. Winslow Evans & Crocker Inc. now owns 11,104 shares of the oilfield services company’s stock valued at $546,000 after buying an additional 4,720 shares in the last quarter. 79.67% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Halliburton (HAL) opened at 40.02 on Friday. Halliburton has a 1-year low of $40.00 and a 1-year high of $58.78. The stock has a 50 day moving average of $42.63 and a 200 day moving average of $47.79. The company’s market cap is $34.88 billion.

Halliburton (NYSE:HAL) last released its quarterly earnings data on Monday, July 24th. The oilfield services company reported $0.23 EPS for the quarter, topping the consensus estimate of $0.18 by $0.05. Halliburton had a positive return on equity of 2.97% and a negative net margin of 0.86%. The company had revenue of $4.96 billion during the quarter, compared to the consensus estimate of $4.86 billion. During the same period last year, the company earned ($0.14) EPS. Halliburton’s revenue for the quarter was up 29.3% on a year-over-year basis. On average, equities analysts forecast that Halliburton will post $1.12 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 27th. Stockholders of record on Wednesday, September 6th will be given a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 1.80%. The ex-dividend date is Friday, September 1st. Halliburton’s dividend payout ratio is currently -423.50%.

About Halliburton

Halliburton Company provides services and products to the upstream oil and natural gas industry throughout the lifecycle of the reservoir, from locating hydrocarbons and managing geological data, to drilling and formation evaluation, well construction and completion, and optimizing production throughout the life of the field.

Analyst Recommendations for Halliburton (NYSE:HAL)

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