Halliburton (NYSE:HAL) Now Covered by Analysts at Wolfe Research

Wolfe Research started coverage on shares of Halliburton (NYSE:HAL) in a research report report published on Wednesday, Marketbeat Ratings reports. The brokerage issued a peer perform rating on the oilfield services company’s stock.

Several other research firms have also recently commented on HAL. Argus raised their target price on shares of Halliburton from $39.00 to $45.00 and gave the company a “buy” rating in a research note on Thursday, April 23rd. Rothschild & Co Redburn raised their price objective on shares of Halliburton from $40.00 to $49.00 and gave the company a “buy” rating in a research report on Friday, May 15th. Evercore increased their price objective on Halliburton from $42.00 to $46.00 and gave the company an “outperform” rating in a research report on Thursday, May 28th. Zephirin Group raised their price objective on Halliburton from $30.00 to $31.00 and gave the stock a “sell” rating in a research note on Wednesday, April 22nd. Finally, Susquehanna reduced their target price on Halliburton from $45.00 to $42.00 and set a “positive” rating for the company in a report on Wednesday. Eighteen investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $43.18.

Halliburton Stock Performance

Shares of HAL stock opened at $34.92 on Wednesday. Halliburton has a 52 week low of $20.17 and a 52 week high of $43.59. The company has a market cap of $29.17 billion, a P/E ratio of 19.19, a PEG ratio of 1.46 and a beta of 0.71. The company has a quick ratio of 1.54, a current ratio of 2.08 and a debt-to-equity ratio of 0.65. The business has a 50 day moving average of $38.53 and a two-hundred day moving average of $35.99.

Halliburton (NYSE:HAL) last issued its quarterly earnings data on Tuesday, April 21st. The oilfield services company reported $0.55 EPS for the quarter, topping analysts’ consensus estimates of $0.50 by $0.05. Halliburton had a return on equity of 19.04% and a net margin of 6.95%.The firm had revenue of $5.40 billion during the quarter, compared to the consensus estimate of $5.37 billion. During the same period in the prior year, the business earned $0.60 EPS. The firm’s revenue was down .3% on a year-over-year basis. As a group, analysts anticipate that Halliburton will post 2.34 EPS for the current year.

Halliburton Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 24th. Shareholders of record on Wednesday, June 3rd were issued a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 1.9%. The ex-dividend date was Wednesday, June 3rd. Halliburton’s dividend payout ratio (DPR) is 37.36%.

Insider Buying and Selling

In other Halliburton news, insider Michael Casey Maxwell sold 20,348 shares of the firm’s stock in a transaction on Tuesday, May 5th. The shares were sold at an average price of $41.89, for a total value of $852,377.72. Following the sale, the insider directly owned 93,763 shares in the company, valued at $3,927,732.07. This trade represents a 17.83% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Timothy Mckeon sold 8,655 shares of the business’s stock in a transaction dated Thursday, April 30th. The shares were sold at an average price of $42.00, for a total value of $363,510.00. Following the transaction, the vice president owned 72,976 shares in the company, valued at $3,064,992. This represents a 10.60% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 258,255 shares of company stock valued at $10,550,535 in the last quarter. Insiders own 0.57% of the company’s stock.

Hedge Funds Weigh In On Halliburton

Hedge funds have recently modified their holdings of the stock. Nvest Wealth Strategies Inc. acquired a new stake in Halliburton in the 4th quarter valued at $25,000. Zions Bancorporation National Association UT grew its stake in Halliburton by 196.4% during the fourth quarter. Zions Bancorporation National Association UT now owns 981 shares of the oilfield services company’s stock worth $28,000 after buying an additional 650 shares during the last quarter. Hoey Investments Inc. bought a new stake in Halliburton during the first quarter worth about $39,000. Kelleher Financial Advisors acquired a new stake in shares of Halliburton during the third quarter worth approximately $25,000. Finally, Vestor Capital LLC bought a new position in shares of Halliburton in the first quarter valued at approximately $41,000. 85.23% of the stock is owned by institutional investors and hedge funds.

More Halliburton News

Here are the key news stories impacting Halliburton this week:

• Positive Sentiment: Halliburton landed an integrated contract to develop the Bin Umar and Sindbad oil fields in Iraq, a deal that may increase oil and gas output and strengthen its international growth story. Halliburton Lands Key Iraq Oilfield Deal to Boost Production
• Positive Sentiment: Options activity spiked, with call volume running well above normal, which often signals rising trader confidence and speculation on further gains.
• Positive Sentiment: Susquehanna kept a positive view on HAL even while trimming its price target to $42, implying analysts still see meaningful upside from current levels.
• Neutral Sentiment: UBS raised its price target but maintained a Neutral rating, reflecting some valuation support without a stronger bullish call. UBS Lifts Price Target on Halliburton (HAL), Reaffirms Neutral Rating
• Neutral Sentiment: Wolfe Research initiated coverage with a Peer Perform rating, signaling a wait-and-see stance on Halliburton’s near-term outlook. Wolfe Research bullish on SLB and BKR, sees selective oil services cycle ahead
• Negative Sentiment: RBC Capital’s new Buy recommendation is supportive, but broader analyst coverage remains mixed, which may limit how much the stock can rally on sentiment alone. Halliburton (HAL) Gets a Buy from RBC Capital

Halliburton Company Profile

Halliburton is one of the world’s largest providers of products and services to the energy industry, offering a broad portfolio that supports the lifecycle of oil and gas reservoirs from exploration and drilling through production and abandonment. Founded in 1919 by Erle P. Halliburton as an oil-well cementing company, the firm is headquartered in Houston, Texas and has developed into an integrated oilfield services company serving upstream operators globally.

The company’s activities encompass drilling and evaluation, well construction and completion, production enhancement and well intervention.