Analysts Set Halliburton (NYSE:HAL) PT at $33.84

Halliburton (NYSE:HAL) has earned a consensus recommendation of “Moderate Buy” from the twenty-one ratings firms that are currently covering the company, Marketbeat.com reports. Seven research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $33.84.

Several analysts recently weighed in on the stock. UBS Group cut their price target on shares of Halliburton from $23.00 to $22.00 and set a “neutral” rating on the stock in a report on Thursday, April 24th. Barclays cut their price target on shares of Halliburton from $29.00 to $26.00 and set an “equal weight” rating on the stock in a report on Wednesday, April 23rd. Wells Fargo & Company cut their price target on shares of Halliburton from $29.00 to $27.00 and set an “overweight” rating on the stock in a report on Wednesday, April 23rd. Susquehanna cut their price target on shares of Halliburton from $32.00 to $30.00 and set a “positive” rating on the stock in a report on Wednesday, April 23rd. Finally, Evercore ISI cut their price target on shares of Halliburton from $43.00 to $35.00 and set an “outperform” rating on the stock in a report on Wednesday, January 15th.

Insider Buying and Selling

In other Halliburton news, CFO Eric Carre sold 51,179 shares of the business’s stock in a transaction dated Friday, March 14th. The stock was sold at an average price of $25.00, for a total value of $1,279,475.00. Following the completion of the transaction, the chief financial officer now owns 127,101 shares of the company’s stock, valued at approximately $3,177,525. The trade was a 28.71% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Margaret Katherine Banks sold 3,900 shares of the business’s stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $24.04, for a total value of $93,756.00. Following the completion of the transaction, the director now directly owns 10,551 shares of the company’s stock, valued at approximately $253,646.04. This trade represents a 26.99% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 65,576 shares of company stock worth $1,631,457 in the last quarter. Corporate insiders own 0.61% of the company’s stock.

Hedge Funds Weigh In On Halliburton

Hedge funds have recently bought and sold shares of the business. Mascagni Wealth Management Inc. purchased a new position in Halliburton in the 4th quarter worth about $28,000. Stone House Investment Management LLC purchased a new position in Halliburton in the 1st quarter worth about $30,000. Horrell Capital Management Inc. purchased a new position in Halliburton in the 4th quarter worth about $33,000. Sierra Ocean LLC purchased a new position in Halliburton in the 4th quarter worth about $36,000. Finally, Hexagon Capital Partners LLC increased its position in shares of Halliburton by 87.4% during the 1st quarter. Hexagon Capital Partners LLC now owns 1,407 shares of the oilfield services company’s stock valued at $36,000 after purchasing an additional 656 shares during the last quarter. Hedge funds and other institutional investors own 85.23% of the company’s stock.

Halliburton Stock Up 0.2%

Shares of NYSE HAL opened at $21.30 on Wednesday. The company has a quick ratio of 1.54, a current ratio of 2.05 and a debt-to-equity ratio of 0.68. Halliburton has a 52 week low of $18.72 and a 52 week high of $38.35. The firm’s fifty day moving average is $22.42 and its 200 day moving average is $26.05. The company has a market cap of $18.31 billion, a price-to-earnings ratio of 7.53, a PEG ratio of 3.79 and a beta of 1.19.

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

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.