Piper Jaffray Companies set a $53.00 price target on Halliburton Company (NYSE:HAL) in a research report released on Monday, October 30th. The brokerage currently has a buy rating on the oilfield services company’s stock.
Other research analysts also recently issued reports about the company. ValuEngine downgraded Halliburton from a hold rating to a sell rating in a report on Friday, September 1st. Jefferies Group LLC set a $56.00 price objective on shares of Halliburton and gave the company a buy rating in a research note on Monday, August 28th. Zacks Investment Research raised shares of Halliburton from a sell rating to a hold rating in a research note on Thursday, July 20th. The Goldman Sachs Group, Inc. reissued a buy rating on shares of Halliburton in a research note on Saturday, July 22nd. Finally, Sanford C. Bernstein reaffirmed an outperform rating and set a $53.00 price target on shares of Halliburton in a research report on Wednesday, September 6th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, twenty-six have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of Buy and a consensus price target of $57.55.
Halliburton (HAL) traded up $0.26 during mid-day trading on Monday, hitting $41.77. 5,899,890 shares of the stock were exchanged, compared to its average volume of 8,767,691. Halliburton has a 52 week low of $38.18 and a 52 week high of $58.78. The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.67 and a current ratio of 2.20. The firm has a market cap of $36,220.00, a P/E ratio of 58.82, a price-to-earnings-growth ratio of 4.64 and a beta of 1.05.
Halliburton (NYSE:HAL) last posted its quarterly earnings results on Monday, October 23rd. The oilfield services company reported $0.42 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.38 by $0.04. Halliburton had a net margin of 1.13% and a return on equity of 6.93%. The company had revenue of $5.44 billion during the quarter, compared to the consensus estimate of $5.35 billion. During the same period last year, the firm earned $0.01 EPS. The company’s revenue for the quarter was up 42.0% on a year-over-year basis. equities research analysts expect that Halliburton will post 1.16 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 28th. Stockholders of record on Thursday, December 7th will be issued a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.72%. The ex-dividend date of this dividend is Wednesday, December 6th. Halliburton’s payout ratio is 300.00%.
In related news, Chairman David J. Lesar sold 50,000 shares of Halliburton stock in a transaction dated Wednesday, November 1st. The shares were sold at an average price of $43.70, for a total transaction of $2,185,000.00. Following the completion of the transaction, the chairman now directly owns 490,143 shares of the company’s stock, valued at approximately $21,419,249.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Lawrence J. Pope sold 43,000 shares of Halliburton stock in a transaction dated Tuesday, September 5th. The shares were sold at an average price of $39.66, for a total transaction of $1,705,380.00. The disclosure for this sale can be found here. 0.46% of the stock is currently owned by company insiders.
Several large investors have recently modified their holdings of HAL. BlackRock Inc. grew its position in shares of Halliburton by 2,760.4% during the 1st quarter. BlackRock Inc. now owns 51,835,128 shares of the oilfield services company’s stock worth $2,550,805,000 after buying an additional 50,022,982 shares during the period. Ameriprise Financial Inc. grew its position in shares of Halliburton by 107.8% during the 2nd quarter. Ameriprise Financial Inc. now owns 15,623,103 shares of the oilfield services company’s stock worth $667,362,000 after buying an additional 8,105,286 shares during the period. Franklin Resources Inc. grew its position in shares of Halliburton by 35.1% during the 2nd quarter. Franklin Resources Inc. now owns 14,813,901 shares of the oilfield services company’s stock worth $632,678,000 after buying an additional 3,844,946 shares during the period. Balyasny Asset Management LLC grew its position in shares of Halliburton by 7,314.7% during the 2nd quarter. Balyasny Asset Management LLC now owns 3,750,668 shares of the oilfield services company’s stock worth $160,191,000 after buying an additional 3,700,084 shares during the period. Finally, Janus Henderson Group PLC grew its position in shares of Halliburton by 3,294.9% during the 2nd quarter. Janus Henderson Group PLC now owns 3,784,359 shares of the oilfield services company’s stock worth $161,631,000 after buying an additional 3,672,887 shares during the period. Institutional investors own 79.94% of the company’s stock.
Halliburton Company provides services and products to the upstream oil and natural gas industry throughout the lifecycle of the reservoir, from locating hydrocarbons and managing geological data, to drilling and formation evaluation, well construction and completion, and optimizing production throughout the life of the field.
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