Halliburton Company (NYSE:HAL) has been given a $50.00 target price by stock analysts at Cowen and Company in a report released on Friday, October 6th. The firm presently has a “hold” rating on the oilfield services company’s stock. Cowen and Company’s target price would indicate a potential upside of 12.08% from the company’s current price.
A number of other research firms also recently issued reports on HAL. Royal Bank Of Canada set a $65.00 target price on Halliburton and gave the stock a “buy” rating in a research report on Saturday, June 24th. TheStreet raised Halliburton from a “d+” rating to a “c-” rating in a research report on Friday, September 29th. Credit Suisse Group set a $60.00 target price on Halliburton and gave the stock a “buy” rating in a research report on Saturday, July 1st. BidaskClub downgraded Halliburton from a “sell” rating to a “strong sell” rating in a research report on Wednesday, August 2nd. Finally, Citigroup Inc. raised their target price on Halliburton from $52.00 to $54.00 and gave the stock a “buy” rating in a research report on Thursday, October 5th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, twenty-nine have given a buy rating and one has given a strong buy rating to the stock. Halliburton currently has a consensus rating of “Buy” and a consensus price target of $57.70.
Halliburton (NYSE:HAL) opened at 44.61 on Friday. The firm has a 50-day moving average of $42.90 and a 200 day moving average of $44.06. The firm’s market capitalization is $38.88 billion. Halliburton has a 12-month low of $38.18 and a 12-month high of $58.78.
Halliburton (NYSE:HAL) last issued its quarterly earnings results on Monday, July 24th. The oilfield services company reported $0.23 EPS for the quarter, beating the Zacks’ consensus estimate of $0.18 by $0.05. The company had revenue of $4.96 billion during the quarter, compared to the consensus estimate of $4.86 billion. Halliburton had a positive return on equity of 2.97% and a negative net margin of 0.86%. Halliburton’s revenue was up 29.3% on a year-over-year basis. During the same period last year, the business posted ($0.14) earnings per share. On average, equities analysts predict that Halliburton will post $1.11 EPS for the current year.
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In related news, EVP Lawrence J. Pope sold 43,000 shares of Halliburton stock in a transaction that occurred on Tuesday, September 5th. The shares were sold at an average price of $39.66, for a total transaction of $1,705,380.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.47% of the company’s stock.
A number of institutional investors and hedge funds have recently made changes to their positions in HAL. Sumitomo Mitsui Financial Group Inc. acquired a new stake in Halliburton in the first quarter valued at approximately $100,000. Perigon Wealth Management LLC boosted its stake in Halliburton by 0.8% in the first quarter. Perigon Wealth Management LLC now owns 2,049 shares of the oilfield services company’s stock valued at $101,000 after acquiring an additional 17 shares in the last quarter. Ledyard National Bank boosted its stake in Halliburton by 6.5% in the second quarter. Ledyard National Bank now owns 2,469 shares of the oilfield services company’s stock valued at $106,000 after acquiring an additional 150 shares in the last quarter. Bbva Compass Bancshares Inc. boosted its stake in Halliburton by 5.0% in the second quarter. Bbva Compass Bancshares Inc. now owns 2,701 shares of the oilfield services company’s stock valued at $115,000 after acquiring an additional 128 shares in the last quarter. Finally, Independent Portfolio Consultants Inc. boosted its stake in Halliburton by 87.6% in the second quarter. Independent Portfolio Consultants Inc. now owns 2,711 shares of the oilfield services company’s stock valued at $116,000 after acquiring an additional 1,266 shares in the last quarter. Institutional investors own 79.40% of the company’s stock.
Halliburton Company Profile
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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