Halliburton (HAL) Given a $66.00 Price Target at Barclays

Halliburton (NYSE:HAL) has been given a $66.00 target price by Barclays in a report released on Tuesday. The firm currently has a “buy” rating on the oilfield services company’s stock. Barclays’ price target would indicate a potential upside of 16.14% from the stock’s current price.

Several other brokerages also recently weighed in on HAL. Piper Jaffray Companies set a $53.00 target price on Halliburton and gave the stock a “buy” rating in a research note on Monday, October 30th. FBR & Co dropped their target price on Halliburton from $61.00 to $55.00 and set a “buy” rating on the stock in a research note on Tuesday, October 24th. TheStreet upgraded Halliburton from a “d+” rating to a “c-” rating in a research note on Friday, September 29th. Deutsche Bank assumed coverage on Halliburton in a research note on Tuesday, October 10th. They set a “buy” rating and a $54.00 price target on the stock. Finally, Cowen set a $50.00 price target on Halliburton and gave the company a “hold” rating in a research note on Friday, October 6th. One research analyst has rated the stock with a sell rating, four have issued a hold rating, twenty-three have assigned a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Buy” and an average price target of $59.61.

Shares of Halliburton (NYSE HAL) traded up $0.43 during mid-day trading on Tuesday, reaching $56.83. The company had a trading volume of 13,756,700 shares, compared to its average volume of 10,018,967. Halliburton has a 1 year low of $38.18 and a 1 year high of $58.78. The company has a current ratio of 2.22, a quick ratio of 1.67 and a debt-to-equity ratio of 1.25. The stock has a market cap of $48,580.00, a P/E ratio of -111.43, a price-to-earnings-growth ratio of 3.07 and a beta of 1.03.

Halliburton (NYSE:HAL) last announced its earnings results on Monday, January 22nd. The oilfield services company reported $0.53 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.46 by $0.07. Halliburton had a positive return on equity of 11.95% and a negative net margin of 2.25%. The firm had revenue of $5.94 billion for the quarter, compared to the consensus estimate of $5.63 billion. During the same period in the previous year, the business earned $0.04 EPS. The firm’s revenue for the quarter was up 47.7% on a year-over-year basis. sell-side analysts predict that Halliburton will post 2.29 EPS for the current year.

In other news, VP Anne L. Beaty sold 2,937 shares of the business’s stock in a transaction dated Monday, January 8th. The stock was sold at an average price of $51.57, for a total value of $151,461.09. Following the completion of the transaction, the vice president now owns 60,839 shares of the company’s stock, valued at approximately $3,137,467.23. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Chairman David J. Lesar sold 50,000 shares of the business’s stock in a transaction dated Wednesday, November 1st. The shares were sold at an average price of $43.70, for a total value of $2,185,000.00. Following the completion of the transaction, the chairman now directly owns 490,143 shares of the company’s stock, valued at approximately $21,419,249.10. The disclosure for this sale can be found here. In the last three months, insiders sold 141,612 shares of company stock valued at $6,556,433. Insiders own 0.47% of the company’s stock.

Hedge funds have recently modified their holdings of the company. Cerebellum GP LLC acquired a new position in shares of Halliburton in the 4th quarter valued at about $131,000. YorkBridge Wealth Partners LLC lifted 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 about $184,000. Banced Corp acquired a new position in shares of Halliburton in the 4th quarter valued at about $211,000. Finally, Neville Rodie & Shaw Inc. acquired a new position in shares of Halliburton in the 3rd quarter valued at about $202,000. 79.89% of the stock is owned by institutional investors and hedge funds.

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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.