Halliburton (HAL) Raised to Hold at ValuEngine

ValuEngine upgraded shares of Halliburton (NYSE:HAL) from a sell rating to a hold rating in a report published on Thursday.

A number of other equities research analysts have also recently commented on HAL. Jefferies Group set a $62.00 target price on Halliburton and gave the company a buy rating in a research report on Wednesday, April 4th. Atlantic Securities upgraded Halliburton from an underweight rating to a neutral rating in a research report on Monday, January 29th. Cowen set a $54.00 target price on Halliburton and gave the company a hold rating in a research report on Thursday, March 15th. BMO Capital Markets restated a buy rating and set a $58.00 target price on shares of Halliburton in a research report on Tuesday, January 16th. Finally, Sanford C. Bernstein set a $60.00 price target on shares of Halliburton and gave the company a buy rating in a research note on Tuesday, January 23rd. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and twenty-one have assigned a buy rating to the company. The stock currently has a consensus rating of Buy and an average price target of $58.70.

HAL traded up $0.50 during midday trading on Thursday, hitting $50.71. 3,704,168 shares of the company were exchanged, compared to its average volume of 9,493,708. The company has a market capitalization of $43,386.78, a P/E ratio of 41.54, a P/E/G ratio of 2.47 and a beta of 1.06. The company has a debt-to-equity ratio of 1.25, a quick ratio of 1.72 and a current ratio of 2.22. Halliburton has a 1-year low of $38.18 and a 1-year high of $57.86.



Halliburton (NYSE:HAL) last posted its earnings results on Monday, January 22nd. The oilfield services company reported $0.53 EPS for the quarter, beating the Zacks’ consensus estimate of $0.46 by $0.07. Halliburton had a positive return on equity of 11.95% and a negative net margin of 2.25%. The firm had revenue of $5.94 billion for the quarter, compared to analysts’ expectations of $5.63 billion. During the same period last year, the firm earned $0.04 EPS. The company’s quarterly revenue was up 47.7% on a year-over-year basis. analysts forecast that Halliburton will post 2.51 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 28th. Shareholders of record on Wednesday, March 7th were paid a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 1.42%. The ex-dividend date of this dividend was Tuesday, March 6th. Halliburton’s dividend payout ratio (DPR) is 59.02%.

In other Halliburton news, insider Timothy Mckeon sold 4,583 shares of the firm’s stock in a transaction that occurred on Tuesday, January 23rd. The shares were sold at an average price of $54.95, for a total value of $251,835.85. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Robb L. Voyles sold 39,287 shares of the firm’s stock in a transaction that occurred on Monday, January 22nd. The stock was sold at an average price of $55.00, for a total transaction of $2,160,785.00. The disclosure for this sale can be found here. Insiders sold a total of 72,895 shares of company stock worth $4,008,996 over the last three months. Corporate insiders own 0.46% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the company. Weatherly Asset Management L. P. lifted its position in shares of Halliburton by 1.3% during the 4th quarter. Weatherly Asset Management L. P. now owns 88,924 shares of the oilfield services company’s stock worth $4,346,000 after purchasing an additional 1,165 shares during the last quarter. Bronfman E.L. Rothschild L.P. boosted its holdings in shares of Halliburton by 26.3% during the fourth quarter. Bronfman E.L. Rothschild L.P. now owns 5,746 shares of the oilfield services company’s stock worth $281,000 after purchasing an additional 1,197 shares during the period. Corient Capital Partners LLC boosted its holdings in shares of Halliburton by 8.5% during the fourth quarter. Corient Capital Partners LLC now owns 15,679 shares of the oilfield services company’s stock worth $766,000 after purchasing an additional 1,222 shares during the period. Westpac Banking Corp boosted its holdings in shares of Halliburton by 2.1% during the fourth quarter. Westpac Banking Corp now owns 62,455 shares of the oilfield services company’s stock worth $3,052,000 after purchasing an additional 1,264 shares during the period. Finally, Wealthfront Inc. lifted its stake in Halliburton by 3.5% in the fourth quarter. Wealthfront Inc. now owns 38,076 shares of the oilfield services company’s stock valued at $1,861,000 after acquiring an additional 1,300 shares during the last quarter. 80.26% of the stock is currently owned by hedge funds and other institutional investors.

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About Halliburton

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Halliburton (NYSE:HAL)

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