Halliburton (HAL) Receives $51.73 Average Target Price from Analysts

Shares of Halliburton (NYSE:HAL) have received a consensus rating of “Buy” from the thirty brokerages that are covering the company, Marketbeat reports. One analyst has rated the stock with a sell rating, six have issued a hold rating, twenty-two have given a buy rating and one has given a strong buy rating to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $51.30.

A number of analysts have issued reports on the company. Cleveland Research lowered Halliburton from a “buy” rating to a “neutral” rating in a report on Thursday, October 18th. HSBC decreased their price objective on Halliburton to $51.00 and set a “buy” rating on the stock in a report on Monday, October 8th. ValuEngine raised Halliburton from a “sell” rating to a “hold” rating in a report on Thursday, October 4th. Credit Suisse Group set a $51.00 price objective on Halliburton and gave the stock a “buy” rating in a report on Thursday, September 6th. Finally, UBS Group set a $50.00 price objective on Halliburton and gave the stock a “buy” rating in a report on Tuesday, October 23rd.

In related news, 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider James S. Brown sold 15,989 shares of the firm’s stock in a transaction that occurred on Thursday, September 20th. The stock was sold at an average price of $40.53, for a total value of $648,034.17. The disclosure for this sale can be found here. 0.54% of the stock is owned by company insiders.

Several institutional investors have recently bought and sold shares of HAL. Cornerstone Wealth Management LLC bought a new position in shares of Halliburton during the 2nd quarter worth approximately $837,000. Massachusetts Financial Services Co. MA lifted its position in shares of Halliburton by 2.8% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 200,916 shares of the oilfield services company’s stock worth $9,053,000 after buying an additional 5,553 shares during the period. Dupont Capital Management Corp lifted its position in shares of Halliburton by 30.5% during the 2nd quarter. Dupont Capital Management Corp now owns 15,877 shares of the oilfield services company’s stock worth $715,000 after buying an additional 3,711 shares during the period. Aperio Group LLC lifted its position in shares of Halliburton by 4.4% during the 2nd quarter. Aperio Group LLC now owns 501,652 shares of the oilfield services company’s stock worth $22,604,000 after buying an additional 21,011 shares during the period. Finally, Sumitomo Mitsui Asset Management Company LTD lifted its position in shares of Halliburton by 2.0% during the 2nd quarter. Sumitomo Mitsui Asset Management Company LTD now owns 62,265 shares of the oilfield services company’s stock worth $2,805,000 after buying an additional 1,191 shares during the period. Institutional investors and hedge funds own 78.29% of the company’s stock.

HAL traded up $1.20 during midday trading on Friday, reaching $32.63. The company’s stock had a trading volume of 417,450 shares, compared to its average volume of 10,446,496. The firm has a market capitalization of $27.53 billion, a P/E ratio of 26.75, a price-to-earnings-growth ratio of 0.85 and a beta of 1.06. 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 has a twelve month low of $30.47 and a twelve month high of $57.86.

Halliburton (NYSE:HAL) last released its earnings results on Monday, October 22nd. The oilfield services company reported $0.50 earnings per share (EPS) for the quarter, beating the Zacks’ 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 return on equity of 20.42% and a net margin of 0.70%. The company’s revenue was up 13.4% on a year-over-year basis. During the same quarter last year, the firm posted $0.42 EPS. As a group, analysts anticipate that Halliburton will post 1.86 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 27th. Stockholders of record on Thursday, December 6th will be issued a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 2.21%. The ex-dividend date of this dividend is Wednesday, December 5th. Halliburton’s payout ratio is presently 59.02%.

Halliburton Company Profile

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.

Read More: Retained Earnings

Analyst Recommendations for Halliburton (NYSE:HAL)

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