Halliburton (HAL) Given a $45.00 Price Target by Citigroup Analysts

Citigroup set a $45.00 target price on Halliburton (NYSE:HAL) in a research note published on Friday morning. The brokerage currently has a buy rating on the oilfield services company’s stock.

Several other brokerages also recently commented on HAL. Guggenheim set a $50.00 price target on Halliburton and gave the company a buy rating in a report on Wednesday, October 24th. Macquarie set a $40.00 price target on Halliburton and gave the company a hold rating in a report on Tuesday, October 23rd. Credit Suisse Group set a $46.00 price target on Halliburton and gave the company a buy rating in a report on Tuesday, October 23rd. BMO Capital Markets lowered their price target on Halliburton from $54.00 to $50.00 and set a buy rating on the stock in a report on Tuesday, October 23rd. Finally, UBS Group set a $50.00 price target on Halliburton and gave the company a buy rating in a report on Tuesday, October 23rd. One research analyst has rated the stock with a sell rating, six have given a hold rating, twenty-two have issued a buy rating and one has issued a strong buy rating to the stock. Halliburton presently has a consensus rating of Buy and an average target price of $51.24.

Shares of HAL opened at $32.66 on Friday. The company has a market cap of $27.53 billion, a P/E ratio of 26.77, a price-to-earnings-growth ratio of 0.85 and a beta of 1.06. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.73 and a current ratio of 2.31. Halliburton has a twelve month low of $30.47 and a twelve month high of $57.86.

Halliburton (NYSE:HAL) last issued its quarterly earnings data on Monday, October 22nd. The oilfield services company reported $0.50 earnings per share for the quarter, beating 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%. The company’s revenue for the quarter was up 13.4% on a year-over-year basis. During the same quarter last year, the firm earned $0.42 earnings per share. Analysts predict that Halliburton will post 1.86 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 27th. Stockholders of record on Thursday, December 6th will be paid a $0.18 dividend. The ex-dividend date of this dividend is Wednesday, December 5th. This represents a $0.72 annualized dividend and a dividend yield of 2.20%. Halliburton’s payout ratio is 59.02%.

In other news, insider James S. Brown sold 15,989 shares of the firm’s stock in a transaction on Thursday, September 20th. The shares were sold at an average price of $40.53, for a total value of $648,034.17. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, VP Anne L. Beaty sold 1,210 shares of the firm’s stock in a transaction 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.

Several institutional investors have recently made changes to their positions in HAL. Investment Partners LTD. bought a new position in Halliburton in the third quarter worth $249,000. Avestar Capital LLC lifted its position in Halliburton by 1,159.6% in the second quarter. Avestar Capital LLC now owns 2,368 shares of the oilfield services company’s stock worth $105,000 after purchasing an additional 2,180 shares during the period. Sun Life Financial INC lifted its position in Halliburton by 1,170.1% in the second quarter. Sun Life Financial INC now owns 2,375 shares of the oilfield services company’s stock worth $107,000 after purchasing an additional 2,188 shares during the period. Honkamp Krueger Financial Services Inc. bought a new position in Halliburton in the third quarter worth $103,000. Finally, Whitener Capital Management Inc. bought a new position in Halliburton in the third quarter worth $106,000. Institutional investors and hedge funds own 78.29% of the company’s stock.

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.

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Analyst Recommendations for Halliburton (NYSE:HAL)

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