Halliburton (NYSE:HAL) received a $65.00 price objective from equities research analysts at Jefferies Group in a research note issued to investors on Tuesday. The brokerage presently has a “buy” rating on the oilfield services company’s stock. Jefferies Group’s price objective suggests a potential upside of 14.38% from the stock’s current price. Jefferies Group also issued estimates for Halliburton’s Q2 2018 earnings at $0.54 EPS, Q3 2018 earnings at $0.60 EPS and FY2018 earnings at $2.30 EPS.
A number of other equities research analysts also recently commented on HAL. ValuEngine raised Halliburton from a “sell” rating to a “hold” rating in a report on Tuesday, September 26th. Zacks Investment Research downgraded Halliburton from a “hold” rating to a “sell” rating in a report on Monday, October 2nd. Citigroup lifted their target price on Halliburton from $52.00 to $54.00 and gave the stock a “buy” rating in a report on Thursday, October 5th. TheStreet raised Halliburton from a “d+” rating to a “c-” rating in a report on Friday, September 29th. Finally, Cowen set a $50.00 target price on Halliburton and gave the stock a “hold” rating in a report on Friday, October 6th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, twenty-three have issued a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $59.34.
Halliburton (NYSE:HAL) traded up $0.43 during trading on Tuesday, hitting $56.83. The company had a trading volume of 13,756,700 shares, compared to its average volume of 10,018,967. The company has a debt-to-equity ratio of 1.25, a current ratio of 2.22 and a quick ratio of 1.67. Halliburton has a 12-month low of $38.18 and a 12-month high of $58.78. The firm has a market capitalization of $48,600.00, a P/E ratio of -111.43, a price-to-earnings-growth ratio of 3.07 and a beta of 1.03.
In other news, EVP Robb L. Voyles sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, December 28th. The stock was sold at an average price of $48.85, for a total value of $244,250.00. Following the completion of the sale, the executive vice president now directly owns 220,938 shares in the company, valued at $10,792,821.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman David J. Lesar sold 50,000 shares of the business’s stock in a transaction that occurred 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 sale, the chairman now owns 490,143 shares of the company’s stock, valued at $21,419,249.10. The disclosure for this sale can be found here. Insiders sold 141,612 shares of company stock valued at $6,556,433 over the last three months. 0.47% of the stock is currently owned by corporate insiders.
Several institutional investors have recently bought and sold shares of HAL. Manchester Capital Management LLC increased its position in shares of Halliburton by 0.4% during the second quarter. Manchester Capital Management LLC now owns 2,354 shares of the oilfield services company’s stock worth $107,000 after purchasing an additional 9 shares in the last quarter. Fund Evaluation Group LLC increased its position in shares of Halliburton by 0.4% during the first quarter. Fund Evaluation Group LLC now owns 4,406 shares of the oilfield services company’s stock worth $217,000 after purchasing an additional 16 shares in the last quarter. Perigon Wealth Management LLC increased its position in shares of Halliburton by 0.8% during the first quarter. Perigon Wealth Management LLC now owns 2,049 shares of the oilfield services company’s stock worth $101,000 after purchasing an additional 17 shares in the last quarter. Comerica Securities Inc. increased its position in shares of Halliburton by 0.3% during the second quarter. Comerica Securities Inc. now owns 6,606 shares of the oilfield services company’s stock worth $282,000 after purchasing an additional 18 shares in the last quarter. Finally, Buckhead Capital Management LLC increased its position in shares of Halliburton by 0.3% during the first quarter. Buckhead Capital Management LLC now owns 7,340 shares of the oilfield services company’s stock worth $361,000 after purchasing an additional 20 shares in the last quarter. Institutional investors and hedge funds own 79.89% of the company’s stock.
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.
