Susquehanna Increases Halliburton (NYSE:HAL) Price Target to $45.00

Halliburton (NYSE:HAL) had its price target hoisted by investment analysts at Susquehanna from $40.00 to $45.00 in a report released on Tuesday,MarketScreener reports. The firm presently has a “positive” rating on the oilfield services company’s stock. Susquehanna’s price objective suggests a potential upside of 18.89% from the company’s current price.

A number of other research analysts have also weighed in on HAL. The Goldman Sachs Group lifted their target price on Halliburton from $40.00 to $44.00 and gave the company a “buy” rating in a report on Wednesday, March 4th. Argus lifted their target price on Halliburton from $31.00 to $39.00 and gave the company a “buy” rating in a report on Friday, January 23rd. TD Cowen lifted their target price on Halliburton from $39.00 to $40.00 and gave the company a “buy” rating in a report on Thursday, January 22nd. Stifel Nicolaus set a $36.00 target price on Halliburton in a report on Thursday, January 22nd. Finally, BMO Capital Markets lifted their target price on Halliburton from $39.00 to $42.00 and gave the company a “market perform” rating in a report on Wednesday, March 25th. One analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $36.29.

Halliburton Trading Up 0.1%

Shares of HAL opened at $37.85 on Tuesday. The business has a 50-day moving average of $35.58 and a 200 day moving average of $30.24. Halliburton has a fifty-two week low of $18.75 and a fifty-two week high of $41.18. The firm has a market cap of $31.61 billion, a P/E ratio of 25.01, a price-to-earnings-growth ratio of 2.33 and a beta of 0.68. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.51 and a current ratio of 2.04.

Halliburton (NYSE:HAL) last posted its earnings results on Wednesday, January 21st. The oilfield services company reported $0.69 earnings per share for the quarter, beating analysts’ consensus estimates of $0.55 by $0.14. The business had revenue of $5.66 billion during the quarter, compared to analyst estimates of $5.39 billion. Halliburton had a return on equity of 19.77% and a net margin of 5.78%.The company’s quarterly revenue was up .8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.73 EPS. As a group, research analysts forecast that Halliburton will post 2.64 EPS for the current year.

Insider Activity

In other news, VP Timothy Mckeon sold 3,846 shares of Halliburton stock in a transaction dated Friday, March 6th. The stock was sold at an average price of $34.37, for a total transaction of $132,187.02. Following the completion of the sale, the vice president owned 81,631 shares in the company, valued at approximately $2,805,657.47. This trade represents a 4.50% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Margaret Katherine Banks sold 2,600 shares of Halliburton stock in a transaction dated Monday, January 26th. The shares were sold at an average price of $34.17, for a total value of $88,842.00. Following the sale, the director owned 14,043 shares of the company’s stock, valued at approximately $479,849.31. This trade represents a 15.62% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 415,508 shares of company stock worth $15,291,882. Company insiders own 0.56% of the company’s stock.

Institutional Trading of Halliburton

Hedge funds have recently bought and sold shares of the company. Capital Research Global Investors boosted its stake in Halliburton by 21.1% in the fourth quarter. Capital Research Global Investors now owns 110,220,971 shares of the oilfield services company’s stock worth $3,114,848,000 after buying an additional 19,190,520 shares in the last quarter. State Street Corp boosted its stake in Halliburton by 1.7% in the fourth quarter. State Street Corp now owns 50,825,761 shares of the oilfield services company’s stock worth $1,436,336,000 after buying an additional 861,964 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Halliburton by 1.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 31,097,164 shares of the oilfield services company’s stock worth $878,806,000 after buying an additional 443,064 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its stake in Halliburton by 82,596.0% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 29,771,388 shares of the oilfield services company’s stock worth $841,339,000 after buying an additional 29,735,387 shares in the last quarter. Finally, Sanders Capital LLC boosted its stake in Halliburton by 9.4% in the third quarter. Sanders Capital LLC now owns 26,004,682 shares of the oilfield services company’s stock worth $639,715,000 after buying an additional 2,238,983 shares in the last quarter. Institutional investors own 85.23% of the company’s stock.

About Halliburton

Halliburton is one of the world’s largest providers of products and services to the energy industry, offering a broad portfolio that supports the lifecycle of oil and gas reservoirs from exploration and drilling through production and abandonment. Founded in 1919 by Erle P. Halliburton as an oil-well cementing company, the firm is headquartered in Houston, Texas and has developed into an integrated oilfield services company serving upstream operators globally.

The company’s activities encompass drilling and evaluation, well construction and completion, production enhancement and well intervention.