Halliburton (HAL) – Research Analysts’ Recent Ratings Changes

A number of firms have modified their ratings and price targets on shares of Halliburton (NYSE: HAL) recently:

  • 1/29/2018 – Halliburton was upgraded by analysts at Atlantic Securities from an “underweight” rating to a “neutral” rating.
  • 1/24/2018 – Halliburton had its price target raised by analysts at B. Riley from $55.00 to $65.00. They now have a “buy” rating on the stock.
  • 1/23/2018 – Halliburton was given a new $66.00 price target on by analysts at Barclays PLC. They now have a “buy” rating on the stock.
  • 1/23/2018 – Halliburton was given a new $65.00 price target on by analysts at Jefferies Group LLC. They now have a “buy” rating on the stock.
  • 1/23/2018 – Halliburton had its “hold” rating reaffirmed by analysts at Cowen Inc. They now have a $60.00 price target on the stock.
  • 1/23/2018 – Halliburton had its price target raised by analysts at SunTrust Banks, Inc. to $69.00. They now have a “hold” rating on the stock.
  • 1/23/2018 – Halliburton had its “buy” rating reaffirmed by analysts at Loop Capital. They now have a $69.00 price target on the stock, up previously from $57.00.
  • 1/23/2018 – Halliburton had its “outperform” rating reaffirmed by analysts at Credit Suisse Group AG. They now have a $65.00 price target on the stock, up previously from $55.00.
  • 1/23/2018 – Halliburton was given a new $63.00 price target on by analysts at BMO Capital Markets. They now have a “buy” rating on the stock.
  • 1/23/2018 – Halliburton was given a new $60.00 price target on by analysts at Sanford C. Bernstein. They now have a “buy” rating on the stock.
  • 1/23/2018 – Halliburton was given a new $60.00 price target on by analysts at JPMorgan Chase & Co.. They now have a “buy” rating on the stock.
  • 1/22/2018 – Halliburton was upgraded by analysts at Guggenheim from a “neutral” rating to a “buy” rating.
  • 1/16/2018 – Halliburton had its “buy” rating reaffirmed by analysts at BMO Capital Markets. They now have a $58.00 price target on the stock.
  • 1/11/2018 – Halliburton was given a new $55.00 price target on by analysts at Cowen Inc. They now have a “hold” rating on the stock.
  • 1/5/2018 – Halliburton was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Halliburton’s shares have outperformed the Zacks Oil & Gas Field Services industry over the past six months (up +24% vs. +11.7%). This price performance is backed by phenomenal earnings surprise history, with the company having surpassed expectations in all the trailing 13 quarters. The world’s No. 2 oilfield-services provider's consistently strong numbers could be attributed to improved utilization and pricing gains in North America. Of late, Halliburton has also been aided by margin expansion at its drilling and evaluation product lines. However, muted outlook across the international markets is likely to dampen investor confidence. Moreover, with the failure of BHI acquisition, HAL had to book a massive $3.5 billion in breakup charges that stretched its balance sheet. Hence, we advise investors to wait for a better entry point before buying shares in HAL.”
  • 1/4/2018 – Halliburton was given a new $57.00 price target on by analysts at Jefferies Group LLC. They now have a “buy” rating on the stock.
  • 12/26/2017 – Halliburton was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $54.00 price target on the stock. According to Zacks, “Oil-related stocks have been under pressure this year on stubborn global crude glut and Halliburton shares have been no different. That said, the stock has done better than the peer group; it is down 9.8% in 2017 vs. 22.4% loss for the broader industry. The world’s No. 2 oilfield-services provider reported strong Q3 profit thanks to improved utilization and pricing gains in North America. Halliburton's 13th consecutive quarterly beat was aided by margin expansion at its drilling and evaluation product lines. In fact, Halliburton has used the challenges prevailing in the industry to its advantage, mainly by offering low cost solutions that aids producers in churning out more by investing less. Consequently, we think Halliburton offers upside potential from current levels and label it as an attractive investment.”
  • 12/21/2017 – Halliburton was given a new $60.00 price target on by analysts at Royal Bank of Canada. They now have a “buy” rating on the stock.
  • 12/21/2017 – Halliburton had its “outperform” rating reaffirmed by analysts at Wells Fargo & Co. They now have a $56.00 price target on the stock, up previously from $51.00.
  • 12/14/2017 – Halliburton was given a new $52.00 price target on by analysts at Piper Jaffray Companies. They now have a “buy” rating on the stock.

Shares of Halliburton Company (NYSE:HAL) opened at $46.70 on Monday. The company has a debt-to-equity ratio of 1.25, a quick ratio of 1.72 and a current ratio of 2.22. Halliburton Company has a 12-month low of $38.18 and a 12-month high of $57.86. The firm has a market capitalization of $40,858.29, a PE ratio of -88.11, a PEG ratio of 2.23 and a beta of 0.97.

Halliburton (NYSE:HAL) last released its quarterly earnings results on Monday, January 22nd. The oilfield services company reported $0.53 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.46 by $0.07. The firm had revenue of $5.94 billion for the quarter, compared to the consensus estimate of $5.63 billion. Halliburton had a positive return on equity of 11.95% and a negative net margin of 2.25%. The firm’s quarterly revenue was up 47.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.04 EPS. research analysts forecast that Halliburton Company will post 2.62 earnings per share for the current fiscal year.

In related news, insider Timothy Mckeon sold 4,583 shares of the firm’s stock in a transaction that occurred on Tuesday, January 23rd. The stock was sold at an average price of $54.95, for a total transaction of $251,835.85. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, EVP Robb L. Voyles sold 39,287 shares of the firm’s stock in a transaction that occurred on Monday, January 22nd. The stock was sold at an average price of $55.00, for a total value of $2,160,785.00. The disclosure for this sale can be found here. Insiders have sold a total of 164,507 shares of company stock worth $8,380,429 in the last 90 days. 0.47% of the stock is currently owned by company insiders.

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.

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