Halliburton (NYSE:HAL) had its price objective increased by BMO Capital Markets to $63.00 in a research report issued on Tuesday, The Fly reports. The brokerage currently has an “outperform” rating on the oilfield services company’s stock. BMO Capital Markets’ price target would suggest a potential upside of 11.70% from the stock’s current price.
HAL has been the topic of a number of other research reports. 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. Scotiabank restated a “buy” rating and issued a $52.00 price objective on shares of Halliburton in a research report on Wednesday, October 25th. Cowen set a $50.00 price objective on shares of Halliburton and gave the company a “hold” rating in a research report on Friday, October 6th. Deutsche Bank initiated coverage on shares of Halliburton in a research report on Tuesday, October 10th. They issued a “buy” rating and a $54.00 price objective on the stock. Finally, Zacks Investment Research upgraded shares of Halliburton from a “hold” rating to a “buy” rating and set a $54.00 price objective on the stock in a research report on Tuesday, December 26th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, twenty-four have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $57.31.
Halliburton (NYSE:HAL) opened at $56.40 on Tuesday. The company has a market cap of $49,210.00, a price-to-earnings ratio of 235.00, a P/E/G ratio of 2.94 and a beta of 1.03. Halliburton has a 52-week low of $38.18 and a 52-week high of $58.78. 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 (NYSE:HAL) last released its quarterly earnings data on Monday, January 22nd. The oilfield services company reported $0.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.46 by $0.07. Halliburton had a net margin of 1.13% and a return on equity of 6.93%. The firm had revenue of $5.94 billion for the quarter, compared to analysts’ expectations of $5.63 billion. During the same quarter in the previous year, the company earned $0.04 earnings per share. The company’s revenue for the quarter was up 47.7% compared to the same quarter last year. analysts forecast that Halliburton will post 1.15 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 dated Monday, December 4th. The shares were sold at an average price of $44.01, for a total transaction of $1,297,634.85. Following the sale, the insider now owns 129,646 shares of the company’s stock, valued at $5,705,720.46. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Chairman David J. Lesar sold 50,000 shares of the business’s stock in a transaction dated 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 sale, the chairman now directly owns 490,143 shares in the company, valued at approximately $21,419,249.10. The disclosure for this sale can be found here. Insiders have sold a total of 141,612 shares of company stock worth $6,556,433 in the last ninety days. Insiders own 0.47% of the company’s stock.
A number of large investors have recently bought and sold shares of HAL. Kovitz Investment Group lifted its stake in shares of Halliburton by 0.5% in the third quarter. Kovitz Investment Group now owns 1,124,391 shares of the oilfield services company’s stock worth $39,747,000 after buying an additional 5,685 shares in the last quarter. Nikko Asset Management Americas lifted its stake in shares of Halliburton by 10.2% in the fourth quarter. Nikko Asset Management Americas now owns 338,200 shares of the oilfield services company’s stock worth $11,543,000 after buying an additional 31,200 shares in the last quarter. Armstrong Shaw Associates Inc. CT lifted its stake in shares of Halliburton by 56.2% in the fourth quarter. Armstrong Shaw Associates Inc. CT now owns 297,169 shares of the oilfield services company’s stock worth $10,116,000 after buying an additional 106,948 shares in the last quarter. Eagle Asset Management lifted its stake in shares of Halliburton by 88.9% in the third quarter. Eagle Asset Management now owns 2,429,184 shares of the oilfield services company’s stock worth $85,870,000 after buying an additional 1,143,280 shares in the last quarter. Finally, MUFG Americas Holdings Corp lifted its stake in shares of Halliburton by 81.8% in the fourth quarter. MUFG Americas Holdings Corp now owns 117,672 shares of the oilfield services company’s stock worth $4,006,000 after buying an additional 52,935 shares in the last quarter. 79.89% of the stock is currently owned by institutional investors and hedge funds.
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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.