Halliburton (HAL) – Investment Analysts’ Weekly Ratings Changes

Halliburton (NYSE: HAL) has recently received a number of price target changes and ratings updates:

  • 9/24/2018 – Halliburton was upgraded by analysts at Zacks Investment Research from a “strong sell” rating to a “hold” rating. According to Zacks, “Halliburton's all-important North America business remains robust on the back of oil pricing strength. On a further positive note, the world’s No. 2 oilfield-services provider has seen its completion and production unit margins solidify on robust pressure pumping activity in the United States. However, pipeline takeaway capacity constraints in the Permian Basin is likely to weigh on investor confidence.  Investors were spooked after the company warned that a slowdown in the oil and gas rich-Permian Basin activity due to pipeline bottleneck will be a drag on third quarter earnings. As it is, Halliburton is already facing pricing pressure in the international market, which is likely to continue for some time. As such, while expecting a potential rebound, Halliburton stock appears to have limited upside at current levels.”
  • 9/18/2018 – Halliburton is now covered by analysts at Morgan Stanley. They set an “overweight” rating and a $50.00 price target on the stock.
  • 9/17/2018 – Halliburton was given a new $60.00 price target on by analysts at JPMorgan Chase & Co.. They now have a “buy” rating on the stock.
  • 9/11/2018 – Halliburton had its price target lowered by analysts at Raymond James from $59.00 to $55.00. They now have a “strong-buy” rating on the stock.
  • 9/10/2018 – Halliburton is now covered by analysts at Stifel Nicolaus. They set a “buy” rating and a $45.00 price target on the stock.
  • 9/7/2018 – Halliburton had its “buy” rating reaffirmed by analysts at Wells Fargo & Co.
  • 9/6/2018 – Halliburton was given a new $51.00 price target on by analysts at Credit Suisse Group AG. They now have a “buy” rating on the stock.

Shares of NYSE:HAL opened at $41.08 on Thursday. The company has a market capitalization of $36.39 billion, a PE ratio of 33.67, a PEG ratio of 2.57 and a beta of 1.01. The company has a quick ratio of 1.72, a current ratio of 2.24 and a debt-to-equity ratio of 1.18. Halliburton has a 12 month low of $35.75 and a 12 month high of $57.86.

Halliburton (NYSE:HAL) last issued its earnings results on Monday, July 23rd. The oilfield services company reported $0.58 EPS for the quarter, missing the consensus estimate of $0.59 by ($0.01). The firm had revenue of $6.15 billion during the quarter, compared to analyst estimates of $6.12 billion. Halliburton had a net margin of 0.42% and a return on equity of 19.48%. Halliburton’s quarterly revenue was up 24.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.23 earnings per share. research analysts expect that Halliburton will post 2.01 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 26th. Stockholders of record on Wednesday, September 5th were given a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 1.75%. The ex-dividend date was Tuesday, September 4th. Halliburton’s payout ratio is presently 59.02%.

In related news, Director Murry Gerber acquired 5,800 shares of the stock in a transaction that occurred on Thursday, July 26th. The stock was acquired at an average cost of $40.66 per share, for a total transaction of $235,828.00. Following the transaction, the director now directly owns 60,961 shares in the company, valued at $2,478,674.26. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider James S. Brown sold 15,989 shares of the company’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 transaction of $648,034.17. The disclosure for this sale can be found here. 0.54% of the stock is currently owned by insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Sanders Capital LLC grew its holdings in Halliburton by 5.3% during the 2nd quarter. Sanders Capital LLC now owns 15,844,408 shares of the oilfield services company’s stock worth $779,554,000 after acquiring an additional 799,300 shares during the last quarter. Macquarie Group Ltd. grew its holdings in Halliburton by 3.8% during the 2nd quarter. Macquarie Group Ltd. now owns 14,579,725 shares of the oilfield services company’s stock worth $656,962,000 after acquiring an additional 531,196 shares during the last quarter. Northern Trust Corp grew its holdings in Halliburton by 0.5% during the 2nd quarter. Northern Trust Corp now owns 10,303,279 shares of the oilfield services company’s stock worth $464,265,000 after acquiring an additional 53,426 shares during the last quarter. Morgan Stanley grew its holdings in Halliburton by 25.2% during the 2nd quarter. Morgan Stanley now owns 6,879,339 shares of the oilfield services company’s stock worth $309,984,000 after acquiring an additional 1,385,703 shares during the last quarter. Finally, Aristotle Capital Management LLC grew its holdings in Halliburton by 4.9% during the 1st quarter. Aristotle Capital Management LLC now owns 4,886,928 shares of the oilfield services company’s stock worth $229,392,000 after acquiring an additional 230,408 shares during the last quarter. 78.80% of the stock is currently owned by hedge funds and other institutional investors.

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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