Halliburton (HAL) Sets New 12-Month Low at $37.20

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Halliburton (NYSE:HAL)’s share price hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $37.20 and last traded at $37.56, with a volume of 824125 shares trading hands. The stock had previously closed at $38.60.

HAL has been the subject of several research analyst reports. Wells Fargo & Co reiterated a “buy” rating on shares of Halliburton in a research report on Friday, June 29th. Zacks Investment Research upgraded Halliburton from a “hold” rating to a “buy” rating and set a $51.00 price objective for the company in a research report on Tuesday, June 26th. Citigroup decreased their price objective on Halliburton from $61.00 to $53.00 and set a “buy” rating for the company in a research report on Monday, June 25th. Credit Suisse Group set a $52.00 price objective on Halliburton and gave the company a “buy” rating in a research report on Tuesday, July 24th. Finally, BMO Capital Markets set a $54.00 price objective on Halliburton and gave the company a “buy” rating in a research report on Tuesday, July 24th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. Halliburton presently has an average rating of “Buy” and a consensus target price of $55.82.

The company has a market cap of $35.10 billion, a P/E ratio of 30.57, a P/E/G ratio of 2.29 and a beta of 1.01. The company has a quick ratio of 1.72, a current ratio of 2.24 and a debt-to-equity ratio of 1.18.

Halliburton (NYSE:HAL) last released its earnings results on Monday, July 23rd. The oilfield services company reported $0.58 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.59 by ($0.01). The firm had revenue of $6.15 billion during the quarter, compared to the consensus estimate of $6.12 billion. Halliburton had a net margin of 0.42% and a return on equity of 19.48%. The company’s revenue was up 24.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.23 EPS. equities analysts forecast that Halliburton will post 2.18 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 26th. Shareholders of record on Wednesday, September 5th will be paid a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 1.94%. The ex-dividend date is Tuesday, September 4th. Halliburton’s payout ratio is 59.02%.

In related news, Director Murry Gerber acquired 5,800 shares of the company’s stock in a transaction dated Thursday, July 26th. The shares were bought at an average price of $40.66 per share, for a total transaction of $235,828.00. Following the purchase, the director now directly owns 60,961 shares in the company, valued at approximately $2,478,674.26. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 0.54% of the company’s stock.

Several institutional investors have recently made changes to their positions in the company. Massmutual Trust Co. FSB ADV raised its stake in shares of Halliburton by 14.1% during the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 71,141 shares of the oilfield services company’s stock worth $3,206,000 after purchasing an additional 8,773 shares in the last quarter. Energy Opportunities Capital Management LLC raised its stake in shares of Halliburton by 15.9% during the 2nd quarter. Energy Opportunities Capital Management LLC now owns 283,553 shares of the oilfield services company’s stock worth $12,777,000 after purchasing an additional 38,964 shares in the last quarter. WINTON GROUP Ltd raised its stake in shares of Halliburton by 23.7% during the 2nd quarter. WINTON GROUP Ltd now owns 15,327 shares of the oilfield services company’s stock worth $691,000 after purchasing an additional 2,939 shares in the last quarter. GHP Investment Advisors Inc. raised its stake in shares of Halliburton by 13.3% during the 2nd quarter. GHP Investment Advisors Inc. now owns 23,492 shares of the oilfield services company’s stock worth $1,059,000 after purchasing an additional 2,756 shares in the last quarter. Finally, Andra AP fonden raised its stake in shares of Halliburton by 9.6% during the 2nd quarter. Andra AP fonden now owns 75,100 shares of the oilfield services company’s stock worth $3,384,000 after purchasing an additional 6,600 shares in the last quarter. Institutional investors own 78.84% of the company’s stock.

Halliburton Company Profile (NYSE:HAL)

Halliburton Company provides a range of services and products to oil and natural gas companies worldwide. The company's Completion and Production segment offers production enhancement services, including stimulation and sand control services; and cementing services, such as bonding the well, well casing, and casing equipment.

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