Shares of Halliburton (NYSE:HAL) have earned an average rating of “Buy” from the twenty-eight brokerages that are covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation and twenty-one have given a buy recommendation to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $38.95.
A number of research firms have commented on HAL. ValuEngine cut Halliburton from a “sell” rating to a “strong sell” rating in a report on Wednesday, May 1st. Citigroup decreased their price target on Halliburton from $33.00 to $30.00 and set a “buy” rating on the stock in a report on Tuesday, July 23rd. SunTrust Banks decreased their price target on Halliburton to $39.00 and set an “average” rating on the stock in a report on Tuesday, April 23rd. Bank of America reissued a “buy” rating and set a $32.00 price target (down from $42.00) on shares of Halliburton in a report on Tuesday, June 25th. Finally, UBS Group set a $36.00 price target on Halliburton and gave the company a “buy” rating in a report on Tuesday, April 23rd.
Halliburton stock traded down $1.14 during trading on Wednesday, reaching $18.34. The company had a trading volume of 14,333,889 shares, compared to its average volume of 11,521,151. The company has a debt-to-equity ratio of 1.16, a current ratio of 2.26 and a quick ratio of 1.59. The business’s 50-day moving average is $22.12. The stock has a market capitalization of $16.50 billion, a price-to-earnings ratio of 9.65, a price-to-earnings-growth ratio of 2.30 and a beta of 1.30. Halliburton has a 52 week low of $18.12 and a 52 week high of $42.57.
Halliburton (NYSE:HAL) last posted its quarterly earnings results on Monday, July 22nd. The oilfield services company reported $0.35 EPS for the quarter, beating the Zacks’ consensus estimate of $0.30 by $0.05. The business had revenue of $5.93 billion for the quarter, compared to analysts’ expectations of $5.97 billion. Halliburton had a return on equity of 13.76% and a net margin of 5.58%. The business’s quarterly revenue was down 3.5% on a year-over-year basis. During the same period last year, the firm earned $0.58 earnings per share. On average, sell-side analysts forecast that Halliburton will post 1.33 EPS for the current year.
Hedge funds have recently modified their holdings of the company. Ellis Investment Partners LLC purchased a new position in Halliburton in the first quarter worth about $25,000. Paragon Capital Management LLC purchased a new position in Halliburton in the first quarter worth about $29,000. American Research & Management Co. purchased a new position in Halliburton in the first quarter worth about $29,000. Barnett & Company Inc. purchased a new position in Halliburton in the first quarter worth about $29,000. Finally, Asset Planning Services Ltd. grew its position in Halliburton by 903.2% in the second quarter. Asset Planning Services Ltd. now owns 1,254 shares of the oilfield services company’s stock worth $29,000 after acquiring an additional 1,129 shares in the last quarter. 78.42% of the stock is currently owned by hedge funds and other institutional investors.
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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