Brokerages Set Halliburton (NYSE:HAL) PT at $10.82

Shares of Halliburton (NYSE:HAL) have received an average recommendation of “Hold” from the thirty analysts that are covering the company, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, twenty-one have assigned a hold recommendation and five have issued a buy recommendation on the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $10.82.

A number of equities research analysts have recently weighed in on HAL shares. Wolfe Research lowered shares of Halliburton from an “outperform” rating to a “peer perform” rating in a report on Thursday, March 19th. Raymond James lowered shares of Halliburton to a “hold” rating in a report on Friday, April 17th. JPMorgan Chase & Co. lowered their price target on shares of Halliburton from $12.00 to $10.00 and set a “neutral” rating on the stock in a report on Thursday, April 2nd. Piper Sandler lowered shares of Halliburton from an “overweight” rating to a “neutral” rating and lowered their price target for the company from $28.00 to $5.00 in a report on Friday, March 27th. Finally, Tudor Pickering lowered shares of Halliburton from a “buy” rating to a “hold” rating in a report on Wednesday, March 11th.

Shares of HAL traded up $0.27 during trading hours on Friday, reaching $12.69. 492,258 shares of the company traded hands, compared to its average volume of 21,428,180. The stock has a market capitalization of $10.90 billion, a P/E ratio of -4.71 and a beta of 2.53. The company has a quick ratio of 1.47, a current ratio of 2.11 and a debt-to-equity ratio of 1.53. Halliburton has a 12-month low of $4.25 and a 12-month high of $25.47. The business has a fifty day moving average price of $12.28 and a 200-day moving average price of $15.41.

Halliburton (NYSE:HAL) last announced its quarterly earnings data on Monday, April 20th. The oilfield services company reported $0.31 earnings per share for the quarter, beating analysts’ consensus estimates of $0.24 by $0.07. The firm had revenue of $5.04 billion for the quarter, compared to analyst estimates of $5.04 billion. Halliburton had a negative net margin of 10.60% and a positive return on equity of 13.50%. The business’s quarterly revenue was down 12.2% compared to the same quarter last year. During the same period in the previous year, the company earned $0.23 earnings per share. As a group, research analysts predict that Halliburton will post -0.21 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 24th. Investors of record on Wednesday, June 3rd were given a dividend of $0.045 per share. The ex-dividend date of this dividend was Tuesday, June 2nd. This represents a $0.18 annualized dividend and a dividend yield of 1.42%. Halliburton’s dividend payout ratio (DPR) is presently 14.52%.

In related news, Director Murry Gerber purchased 350,000 shares of Halliburton stock in a transaction that occurred on Thursday, April 23rd. The stock was purchased at an average price of $8.68 per share, for a total transaction of $3,038,000.00. Following the transaction, the director now directly owns 574,879 shares in the company, valued at $4,989,949.72. The acquisition was disclosed in a document filed with the SEC, which is available at this link. 0.48% of the stock is owned by corporate insiders.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Verus Capital Partners LLC raised its position in shares of Halliburton by 568.4% during the 1st quarter. Verus Capital Partners LLC now owns 3,696 shares of the oilfield services company’s stock worth $25,000 after purchasing an additional 3,143 shares during the last quarter. NuWave Investment Management LLC raised its holdings in Halliburton by 14,029.6% in the 1st quarter. NuWave Investment Management LLC now owns 3,815 shares of the oilfield services company’s stock valued at $26,000 after acquiring an additional 3,788 shares during the last quarter. Capital Wealth Alliance LLC acquired a new stake in Halliburton in the 4th quarter valued at about $27,000. Atlas Private Wealth Management acquired a new stake in Halliburton in the 4th quarter valued at about $29,000. Finally, Meeder Asset Management Inc. raised its holdings in Halliburton by 54.6% in the 1st quarter. Meeder Asset Management Inc. now owns 4,263 shares of the oilfield services company’s stock valued at $29,000 after acquiring an additional 1,506 shares during the last quarter. Hedge funds and other institutional investors own 74.55% of the company’s stock.

Halliburton Company Profile

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.

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Analyst Recommendations for Halliburton (NYSE:HAL)

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