Halliburton’s (HAL) Buy Rating Reaffirmed at Benchmark

Benchmark reaffirmed their buy rating on shares of Halliburton (NYSE:HAL) in a research report report published on Wednesday, Benzinga reports. They currently have a $45.00 target price on the oilfield services company’s stock.

Several other analysts have also recently issued reports on the stock. The Goldman Sachs Group boosted their price objective on shares of Halliburton from $46.00 to $48.00 in a research note on Tuesday, April 23rd. TD Cowen lifted their target price on shares of Halliburton from $47.00 to $48.00 and gave the company a buy rating in a report on Wednesday. Raymond James reduced their target price on shares of Halliburton from $49.00 to $47.00 and set a strong-buy rating on the stock in a report on Wednesday, January 24th. Susquehanna restated a positive rating and set a $49.00 target price on shares of Halliburton in a report on Monday, April 8th. Finally, Morgan Stanley lifted their target price on shares of Halliburton from $45.00 to $50.00 and gave the company an overweight rating in a report on Tuesday, April 23rd. One investment analyst has rated the stock with a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of Buy and a consensus price target of $48.82.

Halliburton Stock Down 0.5 %

Shares of NYSE HAL opened at $38.54 on Wednesday. Halliburton has a 52-week low of $27.84 and a 52-week high of $43.85. The firm has a fifty day moving average of $37.88 and a 200-day moving average of $37.36. The stock has a market capitalization of $34.12 billion, a PE ratio of 13.34, a P/E/G ratio of 0.99 and a beta of 2.00. The company has a quick ratio of 1.48, a current ratio of 2.12 and a debt-to-equity ratio of 0.79.

Halliburton (NYSE:HAL) last announced its quarterly earnings data on Tuesday, April 23rd. The oilfield services company reported $0.76 earnings per share (EPS) for the quarter, beating 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 previous year, the company earned $0.72 EPS. The business’s quarterly revenue was up 2.2% compared to the same quarter last year. On average, analysts anticipate that Halliburton will post 3.4 EPS for the current year.

Insiders Place Their Bets

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

Institutional Investors Weigh In On Halliburton

A number of institutional investors have recently modified their holdings of HAL. Rise Advisors LLC bought a new position in Halliburton in the first quarter worth about $26,000. IAG Wealth Partners LLC bought a new stake in shares of Halliburton in the 1st quarter worth approximately $30,000. Johnson Financial Group Inc. bought a new stake in shares of Halliburton in the 4th quarter worth approximately $33,000. Ancora Advisors LLC lifted its holdings in shares of 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 purchasing an additional 719 shares during the last quarter. Finally, Princeton Global Asset Management LLC bought a new stake in shares of Halliburton in the 4th quarter worth approximately $36,000. Institutional investors 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.