Jefferies Group Analysts Give Halliburton (HAL) a $57.00 Price Target

Halliburton (NYSE:HAL) has been assigned a $57.00 price objective by stock analysts at Jefferies Group in a report issued on Thursday. The firm currently has a “buy” rating on the oilfield services company’s stock. Jefferies Group’s target price would suggest a potential upside of 10.40% from the stock’s previous close.

Several other research analysts also recently issued reports on HAL. B. Riley restated a “buy” rating on shares of Halliburton in a research report on Wednesday, November 1st. TheStreet upgraded Halliburton from a “d+” rating to a “c-” rating in a research report on Friday, September 29th. Wells Fargo & Co restated an “outperform” rating and set a $56.00 price objective (up from $51.00) on shares of Halliburton in a research report on Thursday, December 21st. Zacks Investment Research upgraded Halliburton from a “hold” rating to a “buy” rating and set a $54.00 price objective for the company in a research report on Tuesday, December 26th. Finally, Loop Capital restated a “buy” rating and set a $57.00 price objective (down from $62.00) on shares of Halliburton in a research report on Tuesday, October 24th. One analyst has rated the stock with a sell rating, three have given a hold rating, twenty-five have given a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $57.36.

Shares of Halliburton (NYSE HAL) traded up $1.13 during trading on Thursday, hitting $51.63. The company had a trading volume of 10,139,986 shares, compared to its average volume of 9,530,361. The company has a debt-to-equity ratio of 1.13, a current ratio of 2.20 and a quick ratio of 1.67. Halliburton has a 1 year low of $38.18 and a 1 year high of $58.78. The firm has a market cap of $45,050.00, a P/E ratio of 215.13, a P/E/G ratio of 2.87 and a beta of 1.03.

Halliburton (NYSE:HAL) last issued its quarterly earnings data on Monday, October 23rd. The oilfield services company reported $0.42 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.38 by $0.04. Halliburton had a return on equity of 6.93% and a net margin of 1.13%. The firm had revenue of $5.44 billion during the quarter, compared to the consensus estimate of $5.35 billion. During the same period in the previous year, the firm posted $0.01 EPS. The company’s quarterly revenue was up 42.0% compared to the same quarter last year. equities research analysts expect that Halliburton will post 1.16 earnings per share for the current fiscal year.

In other news, Chairman David J. Lesar sold 50,000 shares of the company’s stock in a transaction 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 sale, the chairman now directly owns 490,143 shares in the company, valued at approximately $21,419,249.10. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Robb L. Voyles sold 5,953 shares of the company’s stock in a transaction on Wednesday, January 3rd. The stock was sold at an average price of $50.00, for a total value of $297,650.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 106,147 shares of company stock valued at $4,723,895. Insiders own 0.46% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in HAL. Pacer Advisors Inc. boosted its position in Halliburton by 0.6% during the 2nd quarter. Pacer Advisors Inc. now owns 17,413 shares of the oilfield services company’s stock worth $744,000 after purchasing an additional 103 shares during the period. Blume Capital Management Inc. boosted its position in Halliburton by 1.4% during the 2nd quarter. Blume Capital Management Inc. now owns 76,475 shares of the oilfield services company’s stock worth $3,266,000 after purchasing an additional 1,075 shares during the period. Neuberger Berman Group LLC boosted its position in Halliburton by 98.2% during the 2nd quarter. Neuberger Berman Group LLC now owns 428,139 shares of the oilfield services company’s stock worth $18,286,000 after purchasing an additional 212,077 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Halliburton by 1.8% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 260,077 shares of the oilfield services company’s stock worth $11,108,000 after purchasing an additional 4,639 shares during the period. Finally, Ray Gerald L & Associates Ltd. boosted its position in Halliburton by 12.8% during the 2nd quarter. Ray Gerald L & Associates Ltd. now owns 24,789 shares of the oilfield services company’s stock worth $1,059,000 after purchasing an additional 2,816 shares during the period. Institutional investors and hedge funds own 79.79% of the company’s stock.

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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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