Halliburton (NYSE:HAL) has been given a $54.00 target price by stock analysts at Cowen in a research report issued to clients and investors on Thursday. The brokerage presently has a “hold” rating on the oilfield services company’s stock. Cowen’s price objective would suggest a potential upside of 17.62% from the stock’s current price.
A number of other equities research analysts have also recently issued reports on the stock. Zacks Investment Research cut shares of Halliburton from a “buy” rating to a “hold” rating in a report on Wednesday. ValuEngine cut shares of Halliburton from a “hold” rating to a “sell” rating in a report on Thursday, March 8th. Bank of America cut shares of Halliburton from a “buy” rating to a “neutral” rating and set a $50.00 price objective for the company. in a report on Monday, February 26th. Atlantic Securities upgraded shares of Halliburton from an “underweight” rating to a “neutral” rating in a report on Monday, January 29th. Finally, Barclays set a $66.00 price target on shares of Halliburton and gave the company a “buy” rating in a report on Tuesday, January 23rd. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and twenty-two have issued a buy rating to the stock. Halliburton presently has an average rating of “Buy” and an average price target of $58.83.
Shares of Halliburton (HAL) opened at $45.91 on Thursday. The stock has a market cap of $39,624.67, a price-to-earnings ratio of -86.62, a P/E/G ratio of 2.22 and a beta of 1.07. Halliburton has a fifty-two week low of $38.18 and a fifty-two week high of $57.86. The company has a quick ratio of 1.72, a current ratio of 2.22 and a debt-to-equity ratio of 1.25.
Halliburton (NYSE:HAL) last issued its quarterly earnings data on Monday, January 22nd. The oilfield services company reported $0.53 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.46 by $0.07. The firm had revenue of $5.94 billion during the quarter, compared to analysts’ expectations of $5.63 billion. Halliburton had a negative net margin of 2.25% and a positive return on equity of 11.95%. Halliburton’s revenue for the quarter was up 47.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.04 earnings per share. analysts anticipate that Halliburton will post 2.54 EPS for the current fiscal year.
In other news, EVP Robb L. Voyles sold 39,287 shares of the company’s stock in a transaction dated Monday, January 22nd. The shares were sold at an average price of $55.00, for a total transaction of $2,160,785.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Jeffrey Allen Miller sold 29,025 shares of the stock in a transaction dated Monday, January 22nd. The stock was sold at an average price of $55.00, for a total transaction of $1,596,375.00. The disclosure for this sale can be found here. Insiders have sold 125,922 shares of company stock valued at $6,706,509 in the last ninety days. 0.46% of the stock is owned by company insiders.
A number of large investors have recently bought and sold shares of the stock. BlackRock Inc. raised its position in Halliburton by 3.9% in the fourth quarter. BlackRock Inc. now owns 63,837,947 shares of the oilfield services company’s stock worth $3,119,761,000 after purchasing an additional 2,421,658 shares in the last quarter. Ameriprise Financial Inc. raised its position in Halliburton by 9.1% in the third quarter. Ameriprise Financial Inc. now owns 17,051,088 shares of the oilfield services company’s stock worth $784,822,000 after purchasing an additional 1,427,985 shares in the last quarter. Macquarie Group Ltd. raised its position in Halliburton by 2.5% in the third quarter. Macquarie Group Ltd. now owns 15,931,445 shares of the oilfield services company’s stock worth $733,325,000 after purchasing an additional 384,565 shares in the last quarter. Jennison Associates LLC raised its position in Halliburton by 1.5% in the fourth quarter. Jennison Associates LLC now owns 8,857,279 shares of the oilfield services company’s stock worth $432,855,000 after purchasing an additional 130,567 shares in the last quarter. Finally, Geode Capital Management LLC raised its position in Halliburton by 1.3% in the fourth quarter. Geode Capital Management LLC now owns 8,541,673 shares of the oilfield services company’s stock worth $416,483,000 after purchasing an additional 107,367 shares in the last quarter. 80.39% of the stock is owned by hedge funds and other institutional investors.
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.
Receive News & Ratings for Halliburton Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Halliburton and related companies with MarketBeat.com's FREE daily email newsletter.