A number of research firms have changed their ratings and price targets for Halliburton (NYSE: HAL):

  • 1/23/2019 – Halliburton was given a new $38.00 price target on by analysts at Barclays PLC. They now have a “buy” rating on the stock.
  • 1/23/2019 – Halliburton was given a new $48.00 price target on by analysts at Royal Bank of Canada. They now have a “buy” rating on the stock.
  • 1/23/2019 – Halliburton was given a new $39.00 price target on by analysts at Citigroup Inc. They now have a “buy” rating on the stock.
  • 1/23/2019 – Halliburton was given a new $40.00 price target on by analysts at UBS Group AG. They now have a “buy” rating on the stock.
  • 1/23/2019 – Halliburton was given a new $36.00 price target on by analysts at Morgan Stanley. They now have a “buy” rating on the stock.
  • 1/23/2019 – Halliburton was given a new $45.00 price target on by analysts at Raymond James. They now have a “buy” rating on the stock.
  • 1/22/2019 – Halliburton was given a new $36.00 price target on by analysts at Stifel Nicolaus. They now have a “buy” rating on the stock.
  • 1/17/2019 – Halliburton was upgraded by analysts at Cowen Inc from a “market perform” rating to an “outperform” rating. They now have a $35.00 price target on the stock, down previously from $45.00.
  • 1/11/2019 – Halliburton was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “strong sell” rating. According to Zacks, “With pipeline takeaway capacity constraints in the Permian Basin likely to dampen investor confidence, the investment thesis on Halliburton is revised downward. 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 fourth quarter earnings. Moreover, transportation bottlenecks in the region has also led to lower producer spending, denting the demand for Halliburton’s market-leading hydraulic fracturing services in North America. Finally, with the failure of Baker Hughes acquisition, HAL had to book a massive $3.5 billion in breakup charges that stretched its balance sheet. Taking into account all these factors, Halliburton is currently viewed as a risky bet. “
  • 1/6/2019 – Halliburton had its “buy” rating reaffirmed by analysts at Wells Fargo & Co.
  • 12/31/2018 – Halliburton had its “hold” rating reaffirmed by analysts at Zacks Investment Research. According to Zacks, “Halliburton’s international operations have held up reasonably well in the downturn and are expected to provide some cushion to the company’s near- to medium-term performance in the face of temporary challenges in North America. On a further positive note, the world’s No. 2 oilfield-services provider continues to report strong free cash flows that indicates excellent financial strength. 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 fourth quarter earnings. As such, while expecting a potentialrebound, Halliburton stock appears to have limited upside at current levels.”
  • 12/20/2018 – Halliburton was given a new $42.00 price target on by analysts at UBS Group AG. They now have a “buy” rating on the stock.
  • 12/20/2018 – Halliburton was upgraded by analysts at Societe Generale from a “hold” rating to a “buy” rating.
  • 12/17/2018 – Halliburton was given a new $33.00 price target on by analysts at Piper Jaffray Companies. They now have a “hold” rating on the stock.

Shares of HAL stock opened at $29.70 on Monday. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.68 and a current ratio of 2.30. The stock has a market capitalization of $26.02 billion, a price-to-earnings ratio of 15.63, a P/E/G ratio of 1.83 and a beta of 1.27. Halliburton has a one year low of $24.70 and a one year high of $54.91.

Halliburton (NYSE:HAL) last issued its earnings results on Tuesday, January 22nd. The oilfield services company reported $0.41 EPS for the quarter, topping the Zacks’ consensus estimate of $0.37 by $0.04. Halliburton had a net margin of 6.90% and a return on equity of 18.57%. The business had revenue of $5.94 billion for the quarter, compared to the consensus estimate of $5.87 billion. During the same period in the prior year, the firm earned $0.53 EPS. The company’s revenue for the quarter was down .1% compared to the same quarter last year. On average, equities analysts forecast that Halliburton will post 1.4 EPS for the current fiscal year.

In other news, VP Anne L. Beaty sold 2,548 shares of the stock in a transaction that occurred on Wednesday, January 9th. The shares were sold at an average price of $29.48, for a total transaction of $75,115.04. Following the transaction, the vice president now directly owns 56,663 shares in the company, valued at $1,670,425.24. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP Anne L. Beaty sold 1,300 shares of the stock in a transaction that occurred on Monday, January 7th. The shares were sold at an average price of $28.50, for a total transaction of $37,050.00. Following the transaction, the vice president now owns 58,848 shares in the company, valued at $1,677,168. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 11,577 shares of company stock worth $360,700. Insiders own 0.54% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in HAL. One Capital Management LLC lifted its position in Halliburton by 0.7% during the fourth quarter. One Capital Management LLC now owns 53,646 shares of the oilfield services company’s stock valued at $1,426,000 after acquiring an additional 369 shares during the last quarter. Tlwm lifted its position in Halliburton by 3.8% during the fourth quarter. Tlwm now owns 10,166 shares of the oilfield services company’s stock valued at $307,000 after acquiring an additional 369 shares during the last quarter. Welch & Forbes LLC lifted its position in Halliburton by 4.5% during the fourth quarter. Welch & Forbes LLC now owns 9,000 shares of the oilfield services company’s stock valued at $239,000 after acquiring an additional 390 shares during the last quarter. Fruth Investment Management lifted its position in Halliburton by 4.9% during the fourth quarter. Fruth Investment Management now owns 9,161 shares of the oilfield services company’s stock valued at $243,000 after acquiring an additional 428 shares during the last quarter. Finally, Essex Financial Services Inc. lifted its position in Halliburton by 5.4% during the fourth quarter. Essex Financial Services Inc. now owns 8,498 shares of the oilfield services company’s stock valued at $226,000 after acquiring an additional 434 shares during the last quarter. Hedge funds and other institutional investors own 78.00% of the company’s stock.

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.

See Also: Coverage Ratio

Receive News & Ratings for Halliburton Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Halliburton and related companies with MarketBeat.com's FREE daily email newsletter.