Halliburton (NYSE:HAL) had its price target boosted by equities research analysts at B. Riley from $55.00 to $65.00 in a report released on Wednesday, Marketbeat Ratings reports. The firm presently has a “buy” rating on the oilfield services company’s stock. B. Riley’s price target points to a potential upside of 16.89% from the stock’s previous close. B. Riley also issued estimates for Halliburton’s Q1 2018 earnings at $0.49 EPS, Q2 2018 earnings at $0.61 EPS, Q3 2018 earnings at $0.73 EPS, Q4 2018 earnings at $0.72 EPS, FY2018 earnings at $2.55 EPS, Q1 2019 earnings at $0.66 EPS, Q2 2019 earnings at $0.83 EPS, Q3 2019 earnings at $0.96 EPS, Q4 2019 earnings at $1.00 EPS and FY2019 earnings at $3.45 EPS.
Several other research analysts have also commented on HAL. TheStreet upgraded Halliburton from a “d+” rating to a “c-” rating in a research report on Friday, September 29th. Credit Suisse Group reissued an “outperform” rating and issued a $65.00 price objective (up previously from $55.00) on shares of Halliburton in a research note on Tuesday, January 23rd. Piper Jaffray Companies set a $52.00 price objective on Halliburton and gave the stock a “buy” rating in a research note on Thursday, December 14th. Sanford C. Bernstein set a $60.00 price objective on Halliburton and gave the stock a “buy” rating in a research note on Tuesday, January 23rd. Finally, FBR & Co dropped their price objective on Halliburton from $61.00 to $55.00 and set a “buy” rating on the stock in a research note on Tuesday, October 24th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, twenty-two have assigned 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 a consensus target price of $59.73.
Halliburton (HAL) traded up $0.41 during mid-day trading on Wednesday, reaching $55.61. The company’s stock had a trading volume of 7,376,883 shares, compared to its average volume of 8,860,000. The company has a quick ratio of 1.67, a current ratio of 2.22 and a debt-to-equity ratio of 1.25. Halliburton has a 52 week low of $38.18 and a 52 week high of $58.47. The stock has a market cap of $48,520.00, a P/E ratio of -109.04, a PEG ratio of 2.65 and a beta of 1.03.
Halliburton (NYSE:HAL) last posted its quarterly earnings data on Monday, January 22nd. The oilfield services company reported $0.53 earnings per share (EPS) for the quarter, topping the 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 company 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. Halliburton’s revenue for the quarter was up 47.7% compared to the same quarter last year. equities research analysts anticipate that Halliburton will post 2.61 EPS for the current fiscal year.
In other news, Chairman David J. Lesar sold 50,000 shares of Halliburton 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 transaction, the chairman now owns 490,143 shares in the company, valued at $21,419,249.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Timothy Mckeon sold 1,609 shares of Halliburton stock in a transaction on Wednesday, December 27th. The shares were sold at an average price of $48.99, for a total value of $78,824.91. Following the transaction, the insider now owns 18,612 shares in the company, valued at approximately $911,801.88. The disclosure for this sale can be found here. Insiders have sold 214,507 shares of company stock worth $10,565,429 over the last ninety days. 0.46% of the stock is owned by insiders.
Several hedge funds have recently modified their holdings of HAL. Brown Advisory Inc. grew its stake in Halliburton by 17.3% in the third quarter. Brown Advisory Inc. now owns 56,745 shares of the oilfield services company’s stock valued at $2,612,000 after purchasing an additional 8,362 shares in the last quarter. Nippon Life Insurance Co. lifted its position in shares of Halliburton by 28.9% during the 3rd quarter. Nippon Life Insurance Co. now owns 45,551 shares of the oilfield services company’s stock worth $2,097,000 after purchasing an additional 10,218 shares during the last quarter. Segall Bryant & Hamill LLC lifted its position in shares of Halliburton by 17.1% during the 3rd quarter. Segall Bryant & Hamill LLC now owns 348,275 shares of the oilfield services company’s stock worth $16,031,000 after purchasing an additional 50,932 shares during the last quarter. Check Capital Management Inc. CA lifted its position in shares of Halliburton by 94.3% during the 3rd quarter. Check Capital Management Inc. CA now owns 13,702 shares of the oilfield services company’s stock worth $631,000 after purchasing an additional 6,651 shares during the last quarter. Finally, Janney Capital Management LLC lifted its position in shares of Halliburton by 19.0% during the 3rd quarter. Janney Capital Management LLC now owns 311,916 shares of the oilfield services company’s stock worth $14,357,000 after purchasing an additional 49,872 shares during the last quarter. Institutional investors and hedge funds own 79.89% 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.