Halliburton (NYSE:HAL) has been assigned a $52.00 price target by investment analysts at Piper Jaffray Companies in a research note issued on Thursday. The brokerage presently has a “buy” rating on the oilfield services company’s stock. Piper Jaffray Companies’ price target suggests a potential upside of 16.57% from the stock’s previous close.
Several other research analysts also recently commented on HAL. Jefferies Group set a $56.00 price objective on Halliburton and gave the stock a “buy” rating in a report on Monday, August 28th. ValuEngine cut Halliburton from a “hold” rating to a “sell” rating in a research note on Friday, September 1st. Sanford C. Bernstein reissued an “outperform” rating and issued a $53.00 target price on shares of Halliburton in a research note on Wednesday, September 6th. J P Morgan Chase & Co cut their target price on Halliburton from $60.00 to $55.00 and set an “overweight” rating on the stock in a research note on Tuesday, September 12th. Finally, Zacks Investment Research cut Halliburton from a “hold” rating to a “sell” rating in a research note on Monday, October 2nd. One research analyst has rated the stock with a sell rating, four have given a hold rating, twenty-five have assigned a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $57.51.
Halliburton (HAL) traded up $0.20 on Thursday, hitting $44.61. The stock had a trading volume of 8,676,727 shares, compared to its average volume of 8,781,130. The stock has a market capitalization of $38,920.00, a P/E ratio of 61.31, a P/E/G ratio of 4.83 and a beta of 1.03. The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.67 and a current ratio of 2.20. Halliburton has a 1 year low of $38.18 and a 1 year high of $58.78.
Halliburton (NYSE:HAL) last released its quarterly earnings data on Monday, October 23rd. The oilfield services company reported $0.42 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.38 by $0.04. The firm had revenue of $5.44 billion for the quarter, compared to the consensus estimate of $5.35 billion. Halliburton had a return on equity of 6.93% and a net margin of 1.13%. The company’s quarterly revenue was up 42.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.01 earnings per share. analysts expect that Halliburton will post 1.16 earnings per share for the current year.
In related news, insider James S. Brown sold 29,485 shares of the business’s stock in a transaction that occurred on Monday, December 4th. The shares were sold at an average price of $44.01, for a total value of $1,297,634.85. Following the completion of the transaction, the insider now directly owns 129,646 shares in the company, valued at approximately $5,705,720.46. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Chairman David J. Lesar sold 50,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 1st. The stock was sold at an average price of $43.70, for a total transaction of $2,185,000.00. Following the completion of the transaction, the chairman now owns 490,143 shares of the company’s stock, valued at $21,419,249.10. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 88,585 shares of company stock valued at $3,858,920. 0.46% of the stock is owned by company insiders.
A number of institutional investors and hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. raised its stake in Halliburton by 2.2% during the 2nd quarter. Vanguard Group Inc. now owns 59,770,447 shares of the oilfield services company’s stock valued at $2,552,795,000 after buying an additional 1,267,141 shares during the last quarter. BlackRock Inc. grew its position in shares of Halliburton by 7.6% during the 2nd quarter. BlackRock Inc. now owns 55,790,373 shares of the oilfield services company’s stock valued at $2,382,809,000 after acquiring an additional 3,955,245 shares during the period. Capital World Investors grew its position in shares of Halliburton by 0.7% during the 2nd quarter. Capital World Investors now owns 47,713,255 shares of the oilfield services company’s stock valued at $2,037,833,000 after acquiring an additional 320,362 shares during the period. Ameriprise Financial Inc. grew its position in shares of Halliburton by 9.1% during the 3rd quarter. Ameriprise Financial Inc. now owns 17,051,088 shares of the oilfield services company’s stock valued at $784,822,000 after acquiring an additional 1,427,985 shares during the period. Finally, Macquarie Group Ltd. grew its position in shares of Halliburton by 2.5% during the 3rd quarter. Macquarie Group Ltd. now owns 15,931,445 shares of the oilfield services company’s stock valued at $733,325,000 after acquiring an additional 384,565 shares during the period. Institutional investors and hedge funds own 79.95% of the company’s stock.
Halliburton Company Profile
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.