Halliburton Company (NYSE:HAL) Given Consensus Rating of “Moderate Buy” by Brokerages

Halliburton Company (NYSE:HALGet Free Report) has been assigned a consensus rating of “Moderate Buy” from the twenty-four research firms that are presently covering the firm, MarketBeat reports. One analyst has rated the stock with a sell rating, six have assigned a hold rating and seventeen have issued a buy rating on the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $41.0909.

A number of brokerages recently issued reports on HAL. Argus raised their price target on shares of Halliburton from $39.00 to $45.00 and gave the company a “buy” rating in a report on Thursday, April 23rd. Stifel Nicolaus reissued a “buy” rating and issued a $43.00 price target (up from $36.00) on shares of Halliburton in a report on Wednesday, April 22nd. TD Cowen lifted their price target on shares of Halliburton from $40.00 to $48.00 and gave the stock a “buy” rating in a research report on Wednesday, April 22nd. Wall Street Zen upgraded shares of Halliburton from a “buy” rating to a “strong-buy” rating in a research report on Saturday. Finally, JPMorgan Chase & Co. lifted their price target on shares of Halliburton from $40.00 to $42.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 22nd.

View Our Latest Stock Report on HAL

Insider Activity

In related news, COO Jeffrey Shannon Slocum sold 5,441 shares of Halliburton stock in a transaction that occurred on Monday, March 16th. The shares were sold at an average price of $33.82, for a total transaction of $184,014.62. Following the transaction, the chief operating officer owned 187,423 shares of the company’s stock, valued at $6,338,645.86. This trade represents a 2.82% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Timothy Mckeon sold 3,846 shares of Halliburton stock in a transaction that occurred on Friday, March 6th. The stock was sold at an average price of $34.37, for a total transaction of $132,187.02. Following the transaction, the vice president directly owned 81,631 shares in the company, valued at $2,805,657.47. The trade was a 4.50% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 187,360 shares of company stock worth $7,317,882 over the last quarter. 0.57% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of HAL. Capital Research Global Investors boosted its holdings in Halliburton by 81.8% during the third quarter. Capital Research Global Investors now owns 91,030,451 shares of the oilfield services company’s stock worth $2,239,349,000 after purchasing an additional 40,969,139 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its holdings in Halliburton by 82,596.0% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 29,771,388 shares of the oilfield services company’s stock worth $841,339,000 after purchasing an additional 29,735,387 shares during the last quarter. Strive Asset Management LLC acquired a new position in Halliburton during the third quarter worth $418,738,000. Norges Bank acquired a new position in Halliburton during the fourth quarter worth $169,304,000. Finally, Holocene Advisors LP acquired a new position in Halliburton during the third quarter worth $147,315,000. Institutional investors own 85.23% of the company’s stock.

Halliburton Price Performance

NYSE:HAL opened at $40.74 on Wednesday. The company has a 50-day moving average of $37.00 and a 200-day moving average of $31.86. The company has a market capitalization of $34.04 billion, a price-to-earnings ratio of 22.39, a PEG ratio of 1.79 and a beta of 0.68. Halliburton has a 52 week low of $19.22 and a 52 week high of $41.18. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.54 and a current ratio of 2.08.

Halliburton (NYSE:HALGet Free Report) last announced its earnings results on Tuesday, April 21st. The oilfield services company reported $0.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.50 by $0.05. The business had revenue of $5.40 billion during the quarter, compared to analysts’ expectations of $5.37 billion. Halliburton had a net margin of 6.95% and a return on equity of 19.04%. The firm’s revenue for the quarter was down .3% on a year-over-year basis. During the same quarter last year, the company posted $0.60 EPS. As a group, equities research analysts anticipate that Halliburton will post 2.27 earnings per share for the current fiscal year.

Halliburton Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 25th. Stockholders of record on Wednesday, March 4th were given a dividend of $0.17 per share. The ex-dividend date was Wednesday, March 4th. This represents a $0.68 annualized dividend and a dividend yield of 1.7%. Halliburton’s payout ratio is currently 37.36%.

Halliburton News Summary

Here are the key news stories impacting Halliburton this week:

About Halliburton

(Get Free Report)

Halliburton is one of the world’s largest providers of products and services to the energy industry, offering a broad portfolio that supports the lifecycle of oil and gas reservoirs from exploration and drilling through production and abandonment. Founded in 1919 by Erle P. Halliburton as an oil-well cementing company, the firm is headquartered in Houston, Texas and has developed into an integrated oilfield services company serving upstream operators globally.

The company’s activities encompass drilling and evaluation, well construction and completion, production enhancement and well intervention.

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Analyst Recommendations for Halliburton (NYSE:HAL)

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