Halliburton (NYSE:HAL) Earns “Equal Weight” Rating from Barclays

Halliburton (NYSE:HAL)‘s stock had its “equal weight” rating reaffirmed by equities researchers at Barclays in a report released on Wednesday, Marketbeat.com reports. They currently have a $33.00 target price on the oilfield services company’s stock, down from their previous target price of $43.00. Barclays‘s price objective would suggest a potential upside of 21.35% from the stock’s previous close.

HAL has been the subject of several other reports. Wells Fargo & Company cut their price target on shares of Halliburton from $39.00 to $34.00 and set an “overweight” rating for the company in a report on Tuesday. UBS Group lowered Halliburton from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $36.00 to $34.00 in a research note on Monday, December 9th. Raymond James decreased their target price on Halliburton from $41.00 to $37.00 and set a “strong-buy” rating on the stock in a research note on Friday, November 8th. The Goldman Sachs Group lowered their price target on Halliburton from $47.00 to $40.00 and set a “buy” rating on the stock in a report on Thursday, August 29th. Finally, BMO Capital Markets cut their price objective on Halliburton from $40.00 to $38.00 and set a “market perform” rating for the company in a report on Thursday, October 10th. Six investment analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $39.79.

Halliburton Price Performance

Shares of NYSE HAL opened at $27.20 on Wednesday. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.62 and a current ratio of 2.21. Halliburton has a fifty-two week low of $27.03 and a fifty-two week high of $41.56. The stock has a market cap of $23.89 billion, a PE ratio of 9.48, a price-to-earnings-growth ratio of 3.61 and a beta of 1.90. The stock has a fifty day moving average of $29.63 and a 200-day moving average of $31.16.

Halliburton (NYSE:HAL) last posted its earnings results on Thursday, November 7th. The oilfield services company reported $0.73 earnings per share for the quarter, missing analysts’ consensus estimates of $0.75 by ($0.02). Halliburton had a net margin of 11.04% and a return on equity of 28.33%. The company had revenue of $5.70 billion for the quarter, compared to analysts’ expectations of $5.83 billion. During the same period in the previous year, the firm earned $0.79 EPS. The firm’s quarterly revenue was down 1.8% compared to the same quarter last year. Equities research analysts anticipate that Halliburton will post 3 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Assenagon Asset Management S.A. boosted its holdings in shares of Halliburton by 3.1% during the second quarter. Assenagon Asset Management S.A. now owns 22,629 shares of the oilfield services company’s stock worth $764,000 after purchasing an additional 675 shares during the period. Nisa Investment Advisors LLC lifted its holdings in Halliburton by 0.5% in the 2nd quarter. Nisa Investment Advisors LLC now owns 93,233 shares of the oilfield services company’s stock worth $3,149,000 after buying an additional 441 shares during the period. Fifth Third Wealth Advisors LLC bought a new stake in shares of Halliburton in the 2nd quarter worth approximately $330,000. &PARTNERS increased its stake in shares of Halliburton by 17.6% during the second quarter. &PARTNERS now owns 15,845 shares of the oilfield services company’s stock valued at $535,000 after buying an additional 2,373 shares during the period. Finally, New York State Teachers Retirement System raised its holdings in shares of Halliburton by 4.1% during the second quarter. New York State Teachers Retirement System now owns 945,773 shares of the oilfield services company’s stock valued at $31,948,000 after acquiring an additional 37,613 shares in the last quarter. 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.