Halliburton (NYSE:HAL) Stock Rating Lowered by StockNews.com

Halliburton (NYSE:HAL) was downgraded by equities research analysts at StockNews.com from a “buy” rating to a “hold” rating in a research note issued to investors on Tuesday.

Other equities research analysts also recently issued research reports about the stock. TD Cowen increased their price objective on shares of Halliburton from $47.00 to $48.00 and gave the stock a “buy” rating in a research report on Wednesday, April 24th. Morgan Stanley raised their target price on shares of Halliburton from $45.00 to $50.00 and gave the company an “overweight” rating in a research note on Tuesday, April 23rd. Royal Bank of Canada reissued an “outperform” rating and set a $45.00 price target on shares of Halliburton in a research report on Wednesday, January 24th. Raymond James reduced their target price on Halliburton from $49.00 to $47.00 and set a “strong-buy” rating for the company in a research note on Wednesday, January 24th. Finally, Susquehanna reaffirmed a “positive” rating and set a $49.00 price objective on shares of Halliburton in a research report on Monday, April 8th. Two equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $48.59.

Halliburton Stock Down 3.0 %

Shares of NYSE HAL opened at $36.33 on Tuesday. The firm’s 50-day moving average is $38.02 and its 200-day moving average is $37.27. The company has a current ratio of 2.12, a quick ratio of 1.52 and a debt-to-equity ratio of 0.79. Halliburton has a 1 year low of $27.84 and a 1 year high of $43.85. The firm has a market capitalization of $32.16 billion, a PE ratio of 12.57, a price-to-earnings-growth ratio of 0.99 and a beta of 2.00.

Halliburton (NYSE:HAL) last posted its quarterly earnings results on Tuesday, April 23rd. The oilfield services company reported $0.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.74 by $0.02. Halliburton had a return on equity of 30.84% and a net margin of 11.20%. The business had revenue of $5.80 billion for the quarter, compared to analyst estimates of $5.67 billion. During the same period last year, the company earned $0.72 EPS. The firm’s revenue was up 2.2% on a year-over-year basis. Equities analysts expect that Halliburton will post 3.4 EPS for the current year.

Insider Activity

In related news, Director Margaret Katherine Banks sold 5,000 shares of the stock in a transaction that occurred 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 sale, the director now owns 9,625 shares of the company’s stock, valued at $339,762.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, Director Margaret Katherine Banks sold 5,000 shares of the business’s stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $35.30, for a total value of $176,500.00. Following the completion of the transaction, the director now owns 9,625 shares of the company’s stock, valued at $339,762.50. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Jeffrey Allen Miller sold 377,000 shares of the company’s stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $35.30, for a total transaction of $13,308,100.00. Following 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 disclosure for this sale can be found here. 0.61% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Rise Advisors LLC bought a new stake in shares of Halliburton during the 1st quarter valued at approximately $26,000. IAG Wealth Partners LLC acquired a new stake in Halliburton during the 1st quarter worth approximately $30,000. Johnson Financial Group Inc. bought a new stake in Halliburton during the 4th quarter worth approximately $33,000. Ancora Advisors LLC increased its position in Halliburton by 443.8% in the 3rd 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. Finally, Princeton Global Asset Management LLC bought a new position in shares of Halliburton during the fourth quarter valued at $36,000. Institutional investors and hedge funds 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.