Halliburton (NYSE:HAL) was upgraded by equities research analysts at Atlantic Securities from an “underweight” rating to a “neutral” rating in a research note issued on Monday, MarketBeat.com reports.
A number of other equities research analysts have also recently commented on the stock. Piper Jaffray Companies set a $52.00 target price on shares of Halliburton and gave the stock a “buy” rating in a research note on Thursday, December 14th. Wells Fargo & Co restated an “outperform” rating and set a $56.00 target price (up previously from $51.00) on shares of Halliburton in a research note on Thursday, December 21st. Zacks Investment Research upgraded shares of Halliburton from a “hold” rating to a “buy” rating and set a $54.00 target price on the stock in a research note on Tuesday, December 26th. FBR & Co cut their price objective on shares of Halliburton from $61.00 to $55.00 and set a “buy” rating for the company in a report on Tuesday, October 24th. Finally, Deutsche Bank initiated coverage on shares of Halliburton in a report on Tuesday, October 10th. They set a “buy” rating and a $54.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, twenty-two have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $59.73.
Shares of Halliburton (NYSE:HAL) traded down $0.81 during trading hours on Monday, hitting $54.80. 8,549,845 shares of the stock traded hands, compared to its average volume of 8,860,000. Halliburton has a 52-week low of $38.18 and a 52-week high of $58.47. The company has a quick ratio of 1.72, a current ratio of 2.22 and a debt-to-equity ratio of 1.25. The company has a market cap of $47,820.00, a PE ratio of -107.45, a PEG ratio of 2.65 and a beta of 1.03.
Halliburton (NYSE:HAL) last released its earnings results on Monday, January 22nd. The oilfield services company reported $0.53 EPS for the quarter, topping analysts’ consensus estimates of $0.46 by $0.07. Halliburton had a negative net margin of 2.25% and a positive return on equity of 11.95%. The company had revenue of $5.94 billion for the quarter, compared to analysts’ expectations of $5.63 billion. During the same quarter last year, the business earned $0.04 EPS. The firm’s revenue was up 47.7% compared to the same quarter last year. equities analysts forecast that Halliburton will post 2.62 earnings per share for the current year.
In related news, Chairman David J. Lesar sold 50,000 shares of the firm’s stock in a transaction on 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 $21,419,249.10. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Robb L. Voyles sold 39,287 shares of the firm’s stock in a transaction on Monday, January 22nd. The shares were sold at an average price of $55.00, for a total transaction of $2,160,785.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 214,507 shares of company stock valued at $10,565,429. 0.47% of the stock is currently owned by insiders.
Hedge funds have recently bought and sold shares of the stock. Cerebellum GP LLC purchased a new position in shares of Halliburton in the fourth quarter valued at $131,000. YorkBridge Wealth Partners LLC lifted its position in Halliburton by 243.3% in the third quarter. YorkBridge Wealth Partners LLC now owns 3,165 shares of the oilfield services company’s stock worth $146,000 after buying an additional 2,243 shares during the last quarter. Fuller & Thaler Asset Management Inc. bought a new stake in Halliburton in the third quarter worth $184,000. Krilogy Financial LLC lifted its position in Halliburton by 35.9% in the second quarter. Krilogy Financial LLC now owns 4,588 shares of the oilfield services company’s stock worth $196,000 after buying an additional 1,212 shares during the last quarter. Finally, Neville Rodie & Shaw Inc. bought a new stake in Halliburton in the third quarter worth $202,000. 79.98% of the stock is owned by hedge funds and other institutional investors.
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.