Halliburton (NYSE:HAL) received a $60.00 price target from Royal Bank of Canada in a research report issued to clients and investors on Thursday. The brokerage currently has a “buy” rating on the oilfield services company’s stock. Royal Bank of Canada’s price target suggests a potential upside of 24.97% from the stock’s previous close.
Several other research firms have also recently commented on HAL. Wells Fargo & Company restated an “outperform” rating and set a $56.00 price target (up from $51.00) on shares of Halliburton in a report on Thursday. Zacks Investment Research cut shares of Halliburton from a “hold” rating to a “sell” rating in a report on Monday, October 2nd. Citigroup raised their price target on shares of Halliburton from $52.00 to $54.00 and gave the stock a “buy” rating in a report on Thursday, October 5th. B. Riley restated a “buy” rating on shares of Halliburton in a report on Wednesday, November 1st. Finally, TheStreet upgraded shares of Halliburton from a “d+” rating to a “c-” rating in a report on Friday, September 29th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, twenty-four have given a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $57.47.
Shares of Halliburton (NYSE HAL) opened at $48.01 on Thursday. The company has a current ratio of 2.20, a quick ratio of 1.67 and a debt-to-equity ratio of 1.13. The company has a market cap of $41,375.89, a P/E ratio of 200.05, a P/E/G ratio of 5.12 and a beta of 1.03. Halliburton has a fifty-two week low of $38.18 and a fifty-two week high of $58.78.
In other news, EVP Lawrence J. Pope sold 9,100 shares of Halliburton stock in a transaction that occurred on Monday, November 27th. The shares were sold at an average price of $41.35, for a total value of $376,285.00. Following the transaction, the executive vice president now owns 180,646 shares of the company’s stock, valued at $7,469,712.10. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider James S. Brown sold 29,485 shares of Halliburton stock in a transaction that occurred on Monday, December 4th. The shares were sold at an average price of $44.01, for a total transaction of $1,297,634.85. Following the completion of the transaction, the insider now directly owns 129,646 shares in the company, valued at approximately $5,705,720.46. The disclosure for this sale can be found here. In the last three months, insiders sold 88,585 shares of company stock worth $3,858,920. Insiders own 0.46% of the company’s stock.
Several large investors have recently added to or reduced their stakes in HAL. BB&T Securities LLC boosted its position in Halliburton by 25.3% during the 2nd quarter. BB&T Securities LLC now owns 56,135 shares of the oilfield services company’s stock worth $2,397,000 after acquiring an additional 11,334 shares during the last quarter. Meiji Yasuda Asset Management Co Ltd. boosted its holdings in shares of Halliburton by 16.4% in the 2nd quarter. Meiji Yasuda Asset Management Co Ltd. now owns 24,885 shares of the oilfield services company’s stock worth $1,063,000 after purchasing an additional 3,510 shares in the last quarter. LMR Partners LLP purchased a new position in shares of Halliburton in the 2nd quarter worth about $2,388,000. Airain ltd boosted its holdings in shares of Halliburton by 31.8% in the 2nd quarter. Airain ltd now owns 491,492 shares of the oilfield services company’s stock worth $20,992,000 after purchasing an additional 118,512 shares in the last quarter. Finally, Swiss National Bank boosted its holdings in shares of Halliburton by 3.4% in the 2nd quarter. Swiss National Bank now owns 3,167,697 shares of the oilfield services company’s stock worth $135,292,000 after purchasing an additional 104,500 shares in the last quarter. 79.79% of the stock is currently owned by institutional investors.
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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.
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