Sanford C. Bernstein Reiterates “Outperform” Rating for Halliburton Company (NYSE:HAL)

Halliburton Company (NYSE:HAL)‘s stock had its “outperform” rating reaffirmed by investment analysts at Sanford C. Bernstein in a research report issued to clients and investors on Wednesday, September 6th. They presently have a $53.00 price objective on the oilfield services company’s stock. Sanford C. Bernstein’s target price would suggest a potential upside of 25.27% from the company’s previous close.

A number of other equities analysts have also recently commented on HAL. UBS AG reissued a “buy” rating and set a $70.00 price target on shares of Halliburton in a report on Monday, May 15th. Royal Bank Of Canada set a $65.00 price target on Halliburton and gave the stock a “buy” rating in a report on Saturday, June 24th. Credit Suisse Group set a $60.00 price target on Halliburton and gave the stock a “buy” rating in a report on Saturday, July 1st. BidaskClub cut Halliburton from a “sell” rating to a “strong sell” rating in a report on Wednesday, August 2nd. Finally, ValuEngine cut Halliburton from a “hold” rating to a “sell” rating in a report on Saturday, June 24th. Two analysts have rated the stock with a sell rating, three have issued a hold rating, twenty-nine have assigned a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Buy” and an average price target of $58.61.

Shares of Halliburton (NYSE:HAL) traded up 0.31% on Wednesday, reaching $42.31. 8,173,031 shares of the company’s stock were exchanged. Halliburton has a 12 month low of $38.18 and a 12 month high of $58.78. The company’s market capitalization is $36.88 billion. The firm’s 50 day moving average price is $40.41 and its 200-day moving average price is $45.08.

Halliburton (NYSE:HAL) last released its quarterly earnings results on Monday, July 24th. The oilfield services company reported $0.23 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.18 by $0.05. The business 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%. The firm’s quarterly revenue was up 29.3% on a year-over-year basis. During the same period in the previous year, the company posted ($0.14) EPS. On average, equities analysts anticipate that Halliburton will post $1.12 EPS for the current year.

ILLEGAL ACTIVITY WARNING: “Sanford C. Bernstein Reiterates “Outperform” Rating for Halliburton Company (NYSE:HAL)” was originally published by BBNS and is the property of of BBNS. If you are reading this piece on another site, it was copied illegally and republished in violation of U.S. and international copyright laws. The correct version of this piece can be read at https://baseballnewssource.com/markets/sanford-c-bernstein-reaffirms-outperform-rating-for-halliburton-company-hal/1617152.html.

In other Halliburton news, EVP Lawrence J. Pope sold 43,000 shares of the firm’s stock in a transaction on Tuesday, September 5th. The stock was sold at an average price of $39.66, for a total value of $1,705,380.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.46% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in HAL. Sumitomo Mitsui Financial Group Inc. bought a new position in shares of Halliburton in the first quarter worth $100,000. Perigon Wealth Management LLC boosted its holdings in shares of Halliburton by 0.8% in the first quarter. Perigon Wealth Management LLC now owns 2,049 shares of the oilfield services company’s stock worth $101,000 after acquiring an additional 17 shares during the period. Ledyard National Bank boosted its holdings in shares of Halliburton by 6.5% in the second quarter. Ledyard National Bank now owns 2,469 shares of the oilfield services company’s stock worth $106,000 after acquiring an additional 150 shares during the period. Bbva Compass Bancshares Inc. boosted its holdings in shares of Halliburton by 5.0% in the second quarter. Bbva Compass Bancshares Inc. now owns 2,701 shares of the oilfield services company’s stock worth $115,000 after acquiring an additional 128 shares during the period. Finally, Independent Portfolio Consultants Inc. boosted its holdings in shares of Halliburton by 87.6% in the second quarter. Independent Portfolio Consultants Inc. now owns 2,711 shares of the oilfield services company’s stock worth $116,000 after acquiring an additional 1,266 shares during the period. 79.53% of the stock is owned by institutional investors and hedge funds.

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.

Analyst Recommendations for Halliburton (NYSE:HAL)

Receive News & Ratings for Halliburton Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Halliburton Company and related companies with our FREE daily email newsletter.

 


Latest News

American League Once Again Dominates National League
American League Once Again Dominates National League
Los Angeles Dodgers Waiting But Magic Number Down to One
Los Angeles Dodgers Waiting But Magic Number Down to One
Young Girl Hit by Foul Ball Rushed to Hospital
Young Girl Hit by Foul Ball Rushed to Hospital
New Home Run Record Reached in Major League Baseball
New Home Run Record Reached in Major League Baseball
Will 2017 MLB Season End with No 20-Game Winner?
Will 2017 MLB Season End with No 20-Game Winner?
Cleveland Indians Winning Streak Snapped at 22
Cleveland Indians Winning Streak Snapped at 22


Leave a Reply

 
© 2006-2017 BBNS.