Halliburton (NYSE:HAL) Rating Increased to Hold at Hsbc Global Res

Halliburton (NYSE:HAL) was upgraded by equities researchers at Hsbc Global Res to a “hold” rating in a research report issued on Wednesday,Zacks.com reports.

Several other equities research analysts have also recently issued reports on HAL. Jefferies Financial Group lowered their price objective on shares of Halliburton from $43.00 to $41.00 and set a “buy” rating for the company in a research report on Friday, January 3rd. Citigroup dropped their price objective on Halliburton from $33.00 to $31.00 and set a “buy” rating on the stock in a research note on Thursday. Susquehanna decreased their target price on Halliburton from $32.00 to $30.00 and set a “positive” rating for the company in a research report on Wednesday. JPMorgan Chase & Co. dropped their price target on Halliburton from $35.00 to $33.00 and set an “overweight” rating on the stock in a research report on Thursday, January 2nd. Finally, Benchmark decreased their price objective on Halliburton from $40.00 to $35.00 and set a “buy” rating for the company in a report on Thursday, January 23rd. Eight analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $34.68.

Halliburton Trading Up 2.8 %

Shares of NYSE HAL opened at $21.19 on Wednesday. Halliburton has a fifty-two week low of $18.72 and a fifty-two week high of $38.91. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.54 and a current ratio of 2.05. The company has a market cap of $18.27 billion, a price-to-earnings ratio of 7.49, a PEG ratio of 3.79 and a beta of 1.45. The business’s 50 day moving average price is $23.86 and its 200-day moving average price is $26.87.

Halliburton (NYSE:HAL) last released its earnings results on Tuesday, April 22nd. The oilfield services company reported $0.60 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.60. The business had revenue of $5.42 billion for the quarter, compared to analyst estimates of $5.28 billion. Halliburton had a return on equity of 26.03% and a net margin of 10.90%. On average, sell-side analysts expect that Halliburton will post 2.64 earnings per share for the current year.

Insider Activity

In other news, CFO Eric Carre sold 141,206 shares of the business’s stock in a transaction on Tuesday, February 11th. The shares were sold at an average price of $26.13, for a total transaction of $3,689,712.78. Following the sale, the chief financial officer now directly owns 127,101 shares of the company’s stock, valued at $3,321,149.13. The trade was a 52.63 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Timothy Mckeon sold 10,497 shares of the company’s stock in a transaction on Friday, March 7th. The shares were sold at an average price of $24.60, for a total value of $258,226.20. Following the completion of the transaction, the vice president now directly owns 77,784 shares in the company, valued at approximately $1,913,486.40. The trade was a 11.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 206,782 shares of company stock worth $5,321,170 over the last 90 days. 0.61% of the stock is currently owned by corporate insiders.

Institutional Trading of Halliburton

Several large investors have recently added to or reduced their stakes in HAL. Mediolanum International Funds Ltd lifted its holdings in shares of Halliburton by 48.2% during the fourth quarter. Mediolanum International Funds Ltd now owns 71,797 shares of the oilfield services company’s stock worth $1,931,000 after purchasing an additional 23,340 shares during the period. Sei Investments Co. lifted its stake in Halliburton by 18.2% during the 4th quarter. Sei Investments Co. now owns 278,934 shares of the oilfield services company’s stock valued at $7,584,000 after acquiring an additional 42,876 shares during the period. Sumitomo Mitsui Trust Group Inc. boosted its holdings in shares of Halliburton by 3.7% in the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,257,250 shares of the oilfield services company’s stock valued at $61,375,000 after acquiring an additional 80,567 shares during the last quarter. Congress Asset Management Co. acquired a new stake in shares of Halliburton in the fourth quarter worth $621,000. Finally, Massachusetts Wealth Management raised its holdings in shares of Halliburton by 180.9% during the fourth quarter. Massachusetts Wealth Management now owns 43,675 shares of the oilfield services company’s stock worth $1,188,000 after purchasing an additional 28,125 shares during the last quarter. Hedge funds and other institutional investors own 85.23% of the company’s stock.

Halliburton Company Profile

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.