Halliburton (NYSE:HAL) Given New $51.00 Price Target at UBS Group

Halliburton (NYSE:HAL) had its price target raised by UBS Group from $46.00 to $51.00 in a research note released on Tuesday morning. The firm currently has a buy rating on the oilfield services company’s stock.

HAL has been the subject of a number of other reports. Susquehanna restated a positive rating and issued a $49.00 price objective on shares of Halliburton in a report on Monday, April 8th. Morgan Stanley upped their price target on shares of Halliburton from $45.00 to $50.00 and gave the company an overweight rating in a research report on Tuesday. Barclays cut their price target on shares of Halliburton from $55.00 to $54.00 and set an overweight rating on the stock in a research report on Wednesday, January 24th. Royal Bank of Canada reissued an outperform rating and set a $45.00 price objective on shares of Halliburton in a research report on Wednesday, January 24th. Finally, Raymond James cut their price objective on shares of Halliburton from $49.00 to $47.00 and set a strong-buy rating on the stock in a research report on Wednesday, January 24th. One investment analyst has rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of Buy and an average target price of $49.00.

Halliburton Stock Down 0.4 %

Shares of NYSE:HAL opened at $38.58 on Tuesday. The company has a fifty day moving average of $37.66 and a 200-day moving average of $37.39. The company has a market capitalization of $34.20 billion, a PE ratio of 13.17, a price-to-earnings-growth ratio of 1.00 and a beta of 2.00. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.48 and a current ratio of 2.06. Halliburton has a 52-week low of $27.84 and a 52-week high of $43.85.

Halliburton (NYSE:HAL) last posted its quarterly earnings data on Tuesday, January 23rd. The oilfield services company reported $0.86 earnings per share for the quarter, beating analysts’ consensus estimates of $0.80 by $0.06. The business had revenue of $5.74 billion during the quarter, compared to the consensus estimate of $5.78 billion. Halliburton had a return on equity of 31.59% and a net margin of 11.46%. Halliburton’s quarterly revenue was up 2.8% on a year-over-year basis. During the same period in the prior year, the business posted $0.72 earnings per share. On average, equities analysts predict that Halliburton will post 3.42 EPS for the current fiscal year.

Insider Transactions at Halliburton

In other news, CEO Jeffrey Allen Miller sold 377,000 shares of Halliburton stock in a transaction on Monday, March 4th. The shares were sold at an average price of $35.30, for a total transaction of $13,308,100.00. Following the completion of the sale, the chief executive officer now directly owns 759,015 shares of the company’s stock, valued at approximately $26,793,229.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CEO Jeffrey Allen Miller sold 377,000 shares of Halliburton stock in a transaction on Monday, March 4th. The shares were sold at an average price of $35.30, for a total transaction of $13,308,100.00. Following the completion of the sale, the chief executive officer now directly owns 759,015 shares of the company’s stock, valued at approximately $26,793,229.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Margaret Katherine Banks sold 5,000 shares of Halliburton stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $35.30, for a total transaction of $176,500.00. Following the completion of the transaction, the director now owns 9,625 shares in the company, valued at approximately $339,762.50. The disclosure for this sale can be found here. 0.61% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Halliburton

Large investors have recently added to or reduced their stakes in the business. Rise Advisors LLC purchased a new position in shares of Halliburton in the first quarter valued at about $26,000. Ancora Advisors LLC increased its position in shares of Halliburton by 443.8% in the third quarter. Ancora Advisors LLC now owns 881 shares of the oilfield services company’s stock valued at $36,000 after acquiring an additional 719 shares during the period. Johnson Financial Group Inc. purchased a new position in shares of Halliburton in the fourth quarter valued at about $33,000. Ogorek Anthony Joseph NY ADV increased its position in shares of Halliburton by 1,134.6% in the third quarter. Ogorek Anthony Joseph NY ADV now owns 1,000 shares of the oilfield services company’s stock valued at $40,000 after acquiring an additional 919 shares during the period. Finally, Princeton Global Asset Management LLC purchased a new position in shares of Halliburton in the fourth quarter valued at about $36,000. Hedge funds and other institutional investors own 85.23% of the company’s stock.

About Halliburton

Halliburton Company provides products and services to the energy industry worldwide. It operates through two segments, Completion and Production, and Drilling and Evaluation. The Completion and Production segment offers production enhancement services that include stimulation and sand control services; cementing services, such as well bonding and casing, and casing equipment; and completion tools that offer downhole solutions and services, including well completion products and services, intelligent well completions, and service tools, as well as liner hanger, sand control, and multilateral systems.