Analysts Set Halliburton (NYSE:HAL) PT at $37.42

Shares of Halliburton (NYSE:HAL) have received a consensus recommendation of “Moderate Buy” from the twenty analysts that are covering the company, Marketbeat Ratings reports. Six equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $37.42.

Several research analysts have issued reports on HAL shares. BMO Capital Markets dropped their price objective on Halliburton from $40.00 to $38.00 and set a “market perform” rating for the company in a research note on Thursday, October 10th. UBS Group cut Halliburton from a “buy” rating to a “neutral” rating and dropped their price target for the company from $36.00 to $34.00 in a report on Monday, December 9th. Barclays reduced their price objective on Halliburton from $32.00 to $30.00 and set an “equal weight” rating on the stock in a research note on Thursday, January 23rd. Jefferies Financial Group lowered their target price on Halliburton from $43.00 to $41.00 and set a “buy” rating for the company in a research note on Friday, January 3rd. Finally, Piper Sandler started coverage on shares of Halliburton in a research note on Thursday, December 19th. They set an “overweight” rating and a $36.00 price target on the stock.

Hedge Funds Weigh In On Halliburton

Several institutional investors have recently bought and sold shares of the business. Cary Street Partners Asset Management LLC boosted its holdings in shares of Halliburton by 56.5% in the third quarter. Cary Street Partners Asset Management LLC now owns 157,085 shares of the oilfield services company’s stock valued at $4,563,000 after purchasing an additional 56,707 shares during the period. Mackenzie Financial Corp raised its position in Halliburton by 105.2% during the 2nd quarter. Mackenzie Financial Corp now owns 186,961 shares of the oilfield services company’s stock valued at $6,316,000 after purchasing an additional 95,864 shares in the last quarter. Pacer Advisors Inc. lifted its holdings in shares of Halliburton by 23.1% in the 3rd quarter. Pacer Advisors Inc. now owns 16,782,174 shares of the oilfield services company’s stock worth $487,522,000 after buying an additional 3,150,986 shares during the period. Quest Partners LLC grew its position in shares of Halliburton by 2,418.9% during the 3rd quarter. Quest Partners LLC now owns 78,387 shares of the oilfield services company’s stock worth $2,277,000 after buying an additional 75,275 shares in the last quarter. Finally, Semanteon Capital Management LP bought a new stake in shares of Halliburton in the third quarter valued at about $1,181,000. Institutional investors own 85.23% of the company’s stock.

Halliburton Trading Down 2.1 %

Shares of Halliburton stock opened at $25.99 on Monday. The company has a debt-to-equity ratio of 0.68, a current ratio of 2.05 and a quick ratio of 1.54. The company’s fifty day moving average price is $28.47 and its two-hundred day moving average price is $29.81. Halliburton has a 52-week low of $25.51 and a 52-week high of $41.56. The firm has a market capitalization of $22.83 billion, a PE ratio of 9.18, a price-to-earnings-growth ratio of 3.65 and a beta of 1.91.

Halliburton (NYSE:HAL) last released its quarterly earnings data 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 10.90% and a return on equity of 26.03%. The company had revenue of $5.70 billion for the quarter, compared to analyst estimates of $5.83 billion. During the same period in the previous year, the firm posted $0.79 earnings per share. The firm’s revenue for the quarter was down 1.8% compared to the same quarter last year. On average, analysts expect that Halliburton will post 2.67 EPS for the current year.

Halliburton Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, December 26th. Investors of record on Wednesday, December 4th were paid a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 2.62%. The ex-dividend date was Wednesday, December 4th. Halliburton’s payout ratio is presently 24.03%.

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.