Barclays Boosts Halliburton (NYSE:HAL) Price Target to $58.00

Halliburton (NYSE:HAL – Get Rating) had its target price lifted by stock analysts at Barclays from $54.00 to $58.00 in a research report issued on Wednesday, The Fly reports. Barclays‘s price target suggests a potential upside of 45.58% from the stock’s current price.

A number of other research analysts have also commented on HAL. Raymond James began coverage on Halliburton in a research report on Friday, December 9th. They issued a “strong-buy” rating and a $53.00 price objective on the stock. Susquehanna Bancshares raised their price target on Halliburton from $48.00 to $51.00 in a research report on Wednesday, October 26th. Wolfe Research upgraded Halliburton from an “underperform” rating to an “outperform” rating and set a $51.00 price target on the stock in a research report on Thursday, January 12th. Jefferies Financial Group initiated coverage on Halliburton in a research report on Wednesday, October 19th. They issued a “buy” rating and a $40.00 price target on the stock. Finally, StockNews.com initiated coverage on Halliburton in a research report on Wednesday, October 12th. They issued a “hold” rating on the stock. Three research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $45.14.

Halliburton Trading Down 1.8 %

HAL stock opened at $39.84 on Wednesday. The business has a fifty day moving average price of $38.23 and a 200 day moving average price of $33.14. Halliburton has a fifty-two week low of $23.30 and a fifty-two week high of $43.99. The stock has a market capitalization of $36.18 billion, a price-to-earnings ratio of 20.64, a P/E/G ratio of 0.31 and a beta of 2.15. The company has a debt-to-equity ratio of 1.04, a current ratio of 2.10 and a quick ratio of 1.52.

Halliburton (NYSE:HAL – Get Rating) last released its quarterly earnings results on Tuesday, January 24th. The oilfield services company reported $0.72 earnings per share for the quarter, beating analysts’ consensus estimates of $0.67 by $0.05. Halliburton had a return on equity of 22.69% and a net margin of 9.16%. The firm had revenue of $5.58 billion during the quarter, compared to analysts’ expectations of $5.59 billion. During the same period last year, the firm posted $0.92 EPS. The business’s revenue was up 30.5% on a year-over-year basis. Analysts expect that Halliburton will post 2.11 EPS for the current fiscal year.

Insider Buying and Selling at Halliburton

In related news, EVP Van H. Beckwith sold 11,044 shares of Halliburton stock in a transaction dated Monday, December 5th. The stock was sold at an average price of $39.50, for a total value of $436,238.00. Following the sale, the executive vice president now owns 249,291 shares of the company’s stock, valued at $9,846,994.50. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, EVP Van H. Beckwith sold 11,044 shares of Halliburton stock in a transaction dated Monday, December 5th. The stock was sold at an average price of $39.50, for a total value of $436,238.00. Following the sale, the executive vice president now owns 249,291 shares of the company’s stock, valued at $9,846,994.50. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Eric Carre sold 6,513 shares of Halliburton stock in a transaction dated Tuesday, December 20th. The shares were sold at an average price of $37.50, for a total value of $244,237.50. Following the completion of the sale, the chief financial officer now directly owns 119,691 shares in the company, valued at approximately $4,488,412.50. The disclosure for this sale can be found here. Insiders have sold 59,153 shares of company stock valued at $2,305,715 in the last 90 days. 0.57% of the stock is currently owned by company insiders.

Institutional Trading of Halliburton

Hedge funds and other institutional investors have recently modified their holdings of the stock. EWG Elevate Inc. bought a new position in shares of Halliburton during the 4th quarter worth approximately $25,000. Worth Asset Management LLC bought a new position in shares of Halliburton during the 4th quarter worth approximately $27,000. Coston McIsaac & Partners bought a new position in shares of Halliburton during the 2nd quarter worth approximately $28,000. Bogart Wealth LLC boosted its stake in shares of Halliburton by 100.0% during the 3rd quarter. Bogart Wealth LLC now owns 1,150 shares of the oilfield services company’s stock worth $28,000 after acquiring an additional 575 shares during the period. Finally, Global Retirement Partners LLC boosted its stake in shares of Halliburton by 115.1% during the 2nd quarter. Global Retirement Partners LLC now owns 940 shares of the oilfield services company’s stock worth $29,000 after acquiring an additional 503 shares during the period. Institutional investors and hedge funds own 80.56% of the company’s stock.

About Halliburton

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Halliburton Co engages in the provision of services and products to the energy industry related to the exploration, development and production of oil and natural gas. It operates through the following segments: Completion and Production and Drilling and Evaluation. The Completion and Production segment delivers cementing, stimulation, intervention, pressure control, specialty chemicals, artificial lift and completion services.