Halliburton (NYSE:HAL) Receives Consensus Rating of “Buy” from Brokerages

Shares of Halliburton (NYSE:HAL) have received a consensus recommendation of “Buy” from the fourteen research firms that are currently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a hold recommendation, twelve have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $48.82.

A number of research firms have commented on HAL. Citigroup raised their price target on shares of Halliburton from $45.00 to $50.00 and gave the stock a “buy” rating in a report on Wednesday. UBS Group raised their price target on shares of Halliburton from $46.00 to $51.00 and gave the stock a “buy” rating in a report on Tuesday. The Goldman Sachs Group raised their price target on shares of Halliburton from $46.00 to $48.00 in a report on Tuesday. Morgan Stanley raised their price target on shares of Halliburton from $45.00 to $50.00 and gave the stock an “overweight” rating in a report on Tuesday. Finally, Barclays reduced their price target on shares of Halliburton from $55.00 to $54.00 and set an “overweight” rating for the company in a report on Wednesday, January 24th.

Insider Activity at Halliburton

In other Halliburton news, Director Margaret Katherine Banks sold 5,000 shares of Halliburton stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $35.30, for a total value 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 legal filing with the SEC, which is accessible through this hyperlink. In other Halliburton news, CEO Jeffrey Allen Miller sold 377,000 shares of Halliburton stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $35.30, for a total value of $13,308,100.00. Following the sale, the chief executive officer now owns 759,015 shares of the company’s stock, valued at $26,793,229.50. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Margaret Katherine Banks sold 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $35.30, for a total transaction of $176,500.00. Following the completion of the sale, the director now directly owns 9,625 shares in the company, valued at approximately $339,762.50. The disclosure for this sale can be found here. 0.61% of the stock is owned by insiders.

Institutional Trading of Halliburton

Hedge funds and other institutional investors have recently modified their holdings of the business. Rise Advisors LLC bought a new stake in shares of Halliburton in the first quarter valued at approximately $26,000. IAG Wealth Partners LLC purchased a new position in Halliburton during the first quarter valued at approximately $30,000. Johnson Financial Group Inc. purchased a new position in Halliburton in the 4th quarter worth approximately $33,000. Ancora Advisors LLC grew its stake in Halliburton by 443.8% in the 3rd quarter. Ancora Advisors LLC now owns 881 shares of the oilfield services company’s stock worth $36,000 after buying an additional 719 shares in the last quarter. Finally, Princeton Global Asset Management LLC purchased a new position in Halliburton in the 4th quarter worth approximately $36,000. Institutional investors own 85.23% of the company’s stock.

Halliburton Trading Down 0.5 %

HAL opened at $38.54 on Friday. Halliburton has a twelve month low of $27.84 and a twelve month high of $43.85. The company has a quick ratio of 1.48, a current ratio of 2.12 and a debt-to-equity ratio of 0.79. The company has a fifty day moving average of $37.88 and a 200-day moving average of $37.39. The stock has a market cap of $34.16 billion, a PE ratio of 13.34, a price-to-earnings-growth ratio of 1.00 and a beta of 2.00.

Halliburton (NYSE:HAL) last posted its quarterly earnings data on Tuesday, April 23rd. The oilfield services company reported $0.76 earnings per share for the quarter, topping the consensus estimate of $0.74 by $0.02. Halliburton had a net margin of 11.20% and a return on equity of 30.84%. The company had revenue of $5.80 billion during the quarter, compared to analysts’ expectations of $5.67 billion. During the same period in the prior year, the company posted $0.72 earnings per share. Halliburton’s revenue for the quarter was up 2.2% compared to the same quarter last year. On average, sell-side analysts predict that Halliburton will post 3.41 EPS for the current year.

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.