Halliburton Company (NYSE:HAL) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of Halliburton Company (NYSE:HAL) have earned an average rating of “Moderate Buy” from the twenty-five brokerages that are covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and eighteen have given a buy rating to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $43.2381.

A number of equities research analysts have recently issued reports on the stock. TD Cowen cut their price target on shares of Halliburton from $48.00 to $47.00 and set a “buy” rating on the stock in a report on Wednesday, July 22nd. Freedom Capital upgraded shares of Halliburton from a “strong sell” rating to a “hold” rating in a research report on Wednesday, July 22nd. Evercore reissued an “outperform” rating and set a $43.00 target price on shares of Halliburton in a research note on Wednesday, July 22nd. Piper Sandler upgraded Halliburton from a “neutral” rating to an “overweight” rating and increased their target price for the company from $40.00 to $43.00 in a report on Tuesday, July 14th. Finally, Susquehanna decreased their target price on Halliburton from $45.00 to $42.00 and set a “positive” rating for the company in a research report on Wednesday, July 8th.

Key Halliburton News

Here are the key news stories impacting Halliburton this week:

• Positive Sentiment: Venezuela expansion could create new growth opportunities. Halliburton is preparing to reenter Venezuela through agreements with Brazilian energy company Eneva and Venezuelan firm WESCA. The arrangements cover potential energy-project development, field evaluation and support for the country’s oil and gas sector, giving Halliburton exposure to a potentially significant but higher-risk market. Halliburton to reenter Venezuela in deals with two South American companies
• Neutral Sentiment: UBS expects results broadly in line with Wall Street forecasts. UBS projects third-quarter adjusted EBITDA of $1.03 billion and revenue of $5.58 billion, both matching consensus estimates. Its adjusted EPS forecast of $0.58 is slightly below the $0.59 analyst consensus, suggesting limited earnings upside unless Halliburton delivers a beat or offers stronger guidance. Halliburton on track to meet street expectations in Q3, UBS says
• Negative Sentiment: Oilfield-sector caution continues to weigh on sentiment. Recent trading coverage highlighted declines in Halliburton’s shares amid broader concern about oilfield activity and the pace of an industry recovery. Although analysts see potential benefits from improving energy demand, investors remain focused on customer spending, commodity prices and near-term operating momentum. Halliburton stock falls as oilfield caution persists

Halliburton Stock Up 0.5%

Shares of Halliburton stock opened at $33.01 on Friday. Halliburton has a 12-month low of $21.46 and a 12-month high of $43.59. The firm has a market capitalization of $27.50 billion, a PE ratio of 17.28, a price-to-earnings-growth ratio of 1.89 and a beta of 0.76. The company has a quick ratio of 1.50, a current ratio of 2.02 and a debt-to-equity ratio of 0.64. The stock’s fifty day moving average is $34.31 and its 200-day moving average is $36.64.

Halliburton (NYSE:HAL) last issued its quarterly earnings results on Tuesday, July 21st. The oilfield services company reported $0.55 earnings per share for the quarter, topping analysts’ consensus estimates of $0.54 by $0.01. Halliburton had a return on equity of 18.71% and a net margin of 7.16%.The firm had revenue of $5.71 billion for the quarter, compared to analysts’ expectations of $5.50 billion. During the same quarter last year, the business posted $0.55 EPS. Halliburton’s revenue was up 3.7% on a year-over-year basis. Equities analysts anticipate that Halliburton will post 2.34 earnings per share for the current year.

Halliburton Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 23rd. Shareholders of record on Wednesday, September 2nd were given a dividend of $0.17 per share. The ex-dividend date was Wednesday, September 2nd. This represents a $0.68 dividend on an annualized basis and a yield of 2.1%. Halliburton’s dividend payout ratio (DPR) is presently 35.60%.

Insiders Place Their Bets

In other Halliburton news, COO Jeffrey Slocum sold 52,572 shares of Halliburton stock in a transaction dated Wednesday, August 19th. The stock was sold at an average price of $35.09, for a total transaction of $1,844,751.48. Following the transaction, the chief operating officer owned 118,730 shares of the company’s stock, valued at $4,166,235.70. The trade was a 30.69% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.57% of the stock is currently owned by company insiders.

Institutional Trading of Halliburton

Several institutional investors have recently made changes to their positions in the stock. Meeder Asset Management Inc. acquired a new stake in Halliburton during the second quarter valued at $26,000. Kilter Group LLC acquired a new stake in shares of Halliburton during the 2nd quarter valued at about $26,000. Silvant Capital Management LLC bought a new stake in shares of Halliburton in the 2nd quarter valued at approximately $28,000. Matrix Trust Co bought a new stake in shares of Halliburton in the 2nd quarter valued at approximately $29,000. Finally, Hoey Investments Inc. acquired a new position in Halliburton in the first quarter worth approximately $39,000. 85.23% of the stock is currently owned by institutional investors and hedge funds.

Halliburton Company Profile

Halliburton Company (NYSE: HAL) is a global provider of products and services for the energy industry. The company supports oil and natural gas exploration, development and production across the life cycle of a well, serving both independent and national oil companies.

Halliburton operates through two principal business segments: Completion and Production, which provides cementing, stimulation, intervention and completion services; and Drilling and Evaluation, which offers drilling services, formation evaluation, well construction, project management and related technologies.