Halliburton (NYSE:HAL) Price Target Lowered to $40.00 at Susquehanna

Halliburton (NYSE:HAL) had its target price decreased by investment analysts at Susquehanna from $42.00 to $40.00 in a report released on Friday,Benzinga reports. The brokerage presently has a “positive” rating on the oilfield services company’s stock. Susquehanna’s price objective would suggest a potential upside of 35.27% from the stock’s current price.

A number of other analysts have also weighed in on the stock. Jefferies Financial Group cut their target price on shares of Halliburton from $47.00 to $46.00 and set a “buy” rating on the stock in a research note on Tuesday, September 24th. Royal Bank of Canada cut Halliburton from an “outperform” rating to a “sector perform” rating and cut their price target for the stock from $44.00 to $37.00 in a research note on Friday, September 13th. Evercore ISI dropped their price objective on shares of Halliburton from $52.00 to $48.00 and set an “outperform” rating on the stock in a research note on Monday, July 22nd. JPMorgan Chase & Co. reduced their target price on shares of Halliburton from $45.00 to $40.00 and set an “overweight” rating for the company in a research note on Monday, July 22nd. Finally, Piper Sandler dropped their target price on Halliburton from $46.00 to $40.00 and set an “overweight” rating on the stock in a research report on Monday, July 22nd. Four investment analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Halliburton currently has a consensus rating of “Moderate Buy” and an average price target of $41.53.

Halliburton Trading Up 0.1 %

Shares of NYSE HAL traded up $0.02 during trading on Friday, reaching $29.57. The stock had a trading volume of 1,013,772 shares, compared to its average volume of 8,007,274. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.54 and a current ratio of 2.13. The company has a market cap of $26.11 billion, a P/E ratio of 9.82, a PEG ratio of 1.85 and a beta of 1.89. The business’s 50-day moving average price is $29.17 and its 200-day moving average price is $32.62. Halliburton has a fifty-two week low of $27.26 and a fifty-two week high of $41.56.

Halliburton (NYSE:HAL) last announced its earnings results on Thursday, November 7th. The oilfield services company reported $0.73 earnings per share for the quarter, missing the consensus estimate of $0.75 by ($0.02). The business had revenue of $5.70 billion for the quarter, compared to analysts’ expectations of $5.83 billion. Halliburton had a return on equity of 29.97% and a net margin of 11.61%. Halliburton’s quarterly revenue was down 1.8% on a year-over-year basis. During the same period in the previous year, the company earned $0.79 earnings per share. On average, equities research analysts predict that Halliburton will post 3.12 EPS for the current fiscal year.

Institutional Trading of Halliburton

Large investors have recently bought and sold shares of the company. Country Trust Bank acquired a new stake in Halliburton during the third quarter worth about $36,000. Bruce G. Allen Investments LLC grew its holdings in shares of Halliburton by 274.9% during the second quarter. Bruce G. Allen Investments LLC now owns 1,121 shares of the oilfield services company’s stock valued at $38,000 after purchasing an additional 822 shares during the last quarter. ORG Wealth Partners LLC acquired a new stake in shares of Halliburton during the 3rd quarter worth approximately $44,000. Crewe Advisors LLC acquired a new stake in shares of Halliburton during the 1st quarter worth approximately $46,000. Finally, Venturi Wealth Management LLC lifted its holdings in shares of Halliburton by 34.2% in the 3rd quarter. Venturi Wealth Management LLC now owns 1,618 shares of the oilfield services company’s stock worth $47,000 after purchasing an additional 412 shares during the last quarter. Institutional investors and hedge funds own 85.23% of the company’s stock.

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.