Analysts Set Halliburton (HAL) PT at $51.73

Halliburton (NYSE:HAL) has earned a consensus rating of “Buy” from the thirty ratings firms that are covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell rating, six have given a hold rating, twenty-two have given a buy rating and one has issued a strong buy rating on the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $51.73.

Several equities research analysts recently weighed in on HAL shares. Wells Fargo & Co reiterated a “buy” rating on shares of Halliburton in a research note on Friday, September 7th. Wolfe Research started coverage on shares of Halliburton in a research note on Wednesday, October 10th. They set an “outperform” rating on the stock. UBS Group set a $50.00 price objective on shares of Halliburton and gave the stock a “buy” rating in a research note on Tuesday, October 23rd. Credit Suisse Group set a $51.00 price target on shares of Halliburton and gave the company a “buy” rating in a research note on Thursday, September 6th. Finally, ValuEngine lowered shares of Halliburton from a “hold” rating to a “sell” rating in a research note on Friday, October 19th.

In related news, insider James S. Brown sold 15,989 shares of the firm’s stock in a transaction that occurred on Thursday, September 20th. The shares were sold at an average price of $40.53, for a total transaction of $648,034.17. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Anne L. Beaty sold 1,210 shares of the firm’s stock in a transaction that occurred on Thursday, November 8th. The stock was sold at an average price of $36.23, for a total transaction of $43,838.30. The disclosure for this sale can be found here. Company insiders own 0.54% of the company’s stock.

Large investors have recently modified their holdings of the stock. Ardsley Advisory Partners acquired a new position in Halliburton in the 2nd quarter worth approximately $4,957,000. Canada Pension Plan Investment Board boosted its stake in Halliburton by 10.1% in the 2nd quarter. Canada Pension Plan Investment Board now owns 617,412 shares of the oilfield services company’s stock worth $27,821,000 after purchasing an additional 56,586 shares during the period. Steward Partners Investment Advisory LLC boosted its stake in Halliburton by 11.4% in the 2nd quarter. Steward Partners Investment Advisory LLC now owns 56,146 shares of the oilfield services company’s stock worth $2,530,000 after purchasing an additional 5,745 shares during the period. State of Alaska Department of Revenue boosted its stake in Halliburton by 4.0% in the 3rd quarter. State of Alaska Department of Revenue now owns 145,421 shares of the oilfield services company’s stock worth $5,893,000 after purchasing an additional 5,542 shares during the period. Finally, Tower Research Capital LLC TRC boosted its stake in Halliburton by 1,183.2% in the 2nd quarter. Tower Research Capital LLC TRC now owns 15,231 shares of the oilfield services company’s stock worth $686,000 after purchasing an additional 14,044 shares during the period. Hedge funds and other institutional investors own 79.62% of the company’s stock.

HAL traded down $0.39 on Monday, hitting $34.98. 9,356,846 shares of the company’s stock were exchanged, compared to its average volume of 11,308,685. The firm has a market cap of $31.90 billion, a price-to-earnings ratio of 28.67, a price-to-earnings-growth ratio of 0.98 and a beta of 1.07. Halliburton has a twelve month low of $33.73 and a twelve month high of $57.86. The company has a quick ratio of 1.73, a current ratio of 2.31 and a debt-to-equity ratio of 1.16.

Halliburton (NYSE:HAL) last released its quarterly earnings data on Monday, October 22nd. The oilfield services company reported $0.50 earnings per share for the quarter, topping the consensus estimate of $0.49 by $0.01. The firm had revenue of $6.17 billion for the quarter, compared to analyst estimates of $6.10 billion. Halliburton had a net margin of 0.70% and a return on equity of 20.42%. Halliburton’s quarterly revenue was up 13.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.42 earnings per share. Research analysts anticipate that Halliburton will post 1.86 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 27th. Investors of record on Thursday, December 6th will be issued a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 2.06%. The ex-dividend date is Wednesday, December 5th. Halliburton’s payout ratio is 59.02%.

About Halliburton

Halliburton Company provides a range of services and products to oil and natural gas companies worldwide. The company's Completion and Production segment offers production enhancement services, including stimulation and sand control services; and cementing services, such as bonding the well, well casing, and casing equipment.

See Also: Intrinsic Value

Analyst Recommendations for Halliburton (NYSE:HAL)

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