Halliburton (NYSE:HAL) received a $55.00 target price from research analysts at Cowen in a report issued on Thursday. The firm presently has a “hold” rating on the oilfield services company’s stock. Cowen’s price target would indicate a potential upside of 3.50% from the company’s previous close.
Other research analysts have also recently issued research reports about the stock. B. Riley restated a “buy” rating on shares of Halliburton in a research report on Wednesday, November 1st. Piper Jaffray Companies set a $53.00 price objective on shares of Halliburton and gave the stock a “buy” rating in a research report on Monday, October 30th. Citigroup dropped their price objective on shares of Halliburton from $54.00 to $52.00 and set a “buy” rating for the company in a research report on Wednesday, October 25th. Scotiabank restated a “buy” rating and issued a $52.00 price objective on shares of Halliburton in a research report on Wednesday, October 25th. Finally, Loop Capital restated a “buy” rating and issued a $57.00 price objective (down previously from $62.00) on shares of Halliburton in a research report on Tuesday, October 24th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, twenty-four have issued a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $56.90.
Halliburton (NYSE HAL) opened at $53.14 on Thursday. Halliburton has a one year low of $38.18 and a one year high of $58.78. The company has a quick ratio of 1.67, a current ratio of 2.20 and a debt-to-equity ratio of 1.13. The stock has a market cap of $46,370.00, a P/E ratio of 221.42, a PEG ratio of 3.07 and a beta of 1.03.
Halliburton (NYSE:HAL) last posted its earnings results on Monday, October 23rd. The oilfield services company reported $0.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.38 by $0.04. Halliburton had a net margin of 1.13% and a return on equity of 6.93%. The company had revenue of $5.44 billion during the quarter, compared to analysts’ expectations of $5.35 billion. During the same quarter in the previous year, the company posted $0.01 earnings per share. Halliburton’s quarterly revenue was up 42.0% compared to the same quarter last year. sell-side analysts forecast that Halliburton will post 1.16 EPS for the current fiscal year.
In other Halliburton news, EVP Eric Carre sold 28,024 shares of Halliburton stock in a transaction on Monday, January 8th. The shares were sold at an average price of $51.71, for a total transaction of $1,449,121.04. Following the completion of the sale, the executive vice president now owns 173,767 shares of the company’s stock, valued at approximately $8,985,491.57. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Anne L. Beaty sold 1,245 shares of Halliburton stock in a transaction on Friday, January 5th. The stock was sold at an average price of $51.50, for a total transaction of $64,117.50. Following the sale, the vice president now directly owns 60,839 shares of the company’s stock, valued at approximately $3,133,208.50. The disclosure for this sale can be found here. Insiders have sold a total of 141,612 shares of company stock valued at $6,556,433 in the last ninety days. Company insiders own 0.46% of the company’s stock.
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Estabrook Capital Management grew its holdings in shares of Halliburton by 82.8% in the 2nd quarter. Estabrook Capital Management now owns 2,760 shares of the oilfield services company’s stock valued at $118,000 after buying an additional 1,250 shares during the period. YorkBridge Wealth Partners LLC grew its holdings in shares of Halliburton by 243.3% in the 3rd quarter. YorkBridge Wealth Partners LLC now owns 3,165 shares of the oilfield services company’s stock valued at $146,000 after buying an additional 2,243 shares during the period. Fuller & Thaler Asset Management Inc. acquired a new position in shares of Halliburton in the 3rd quarter valued at $184,000. Krilogy Financial LLC grew its holdings in shares of Halliburton by 35.9% in the 2nd quarter. Krilogy Financial LLC now owns 4,588 shares of the oilfield services company’s stock valued at $196,000 after buying an additional 1,212 shares during the period. Finally, Neville Rodie & Shaw Inc. acquired a new position in shares of Halliburton in the 3rd quarter valued at $202,000. 79.79% of the stock is owned by hedge funds and other institutional investors.
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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.