Halliburton (NYSE:HAL) has been assigned a $51.00 price target by research analysts at Credit Suisse Group in a report issued on Thursday. The brokerage presently has a “buy” rating on the oilfield services company’s stock. Credit Suisse Group’s price objective suggests a potential upside of 38.36% from the company’s previous close.
HAL has been the subject of a number of other research reports. ValuEngine cut Halliburton from a “hold” rating to a “sell” rating in a report on Tuesday, July 24th. Citigroup reduced their price objective on Halliburton from $61.00 to $53.00 and set a “buy” rating for the company in a report on Monday, June 25th. Jefferies Financial Group set a $52.00 price objective on Halliburton and gave the stock a “buy” rating in a report on Tuesday, July 24th. Cowen reduced their price objective on Halliburton from $51.00 to $47.00 and set a “market perform” rating for the company in a report on Tuesday, July 24th. Finally, Zacks Investment Research cut Halliburton from a “buy” rating to a “hold” rating in a report on Monday, July 2nd. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $55.77.
Shares of NYSE:HAL opened at $36.86 on Thursday. Halliburton has a 12-month low of $36.78 and a 12-month high of $57.86. The company has a market cap of $32.67 billion, a PE ratio of 30.21, a PEG ratio of 2.13 and a beta of 1.01. The company has a debt-to-equity ratio of 1.18, a current ratio of 2.24 and a quick ratio of 1.72.
Halliburton (NYSE:HAL) last issued its quarterly earnings data on Monday, July 23rd. The oilfield services company reported $0.58 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.01). Halliburton had a return on equity of 19.48% and a net margin of 0.42%. The firm had revenue of $6.15 billion for the quarter, compared to the consensus estimate of $6.12 billion. During the same quarter in the prior year, the firm earned $0.23 EPS. The company’s revenue was up 24.0% on a year-over-year basis. sell-side analysts predict that Halliburton will post 2.18 earnings per share for the current fiscal year.
In other news, Director Murry Gerber acquired 5,800 shares of the stock in a transaction on Thursday, July 26th. The stock was acquired at an average cost of $40.66 per share, for a total transaction of $235,828.00. Following the completion of the transaction, the director now directly owns 60,961 shares in the company, valued at $2,478,674.26. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. 0.54% of the stock is owned by insiders.
Institutional investors and hedge funds have recently modified their holdings of the business. Avestar Capital LLC increased its stake in shares of Halliburton by 1,159.6% during the 2nd quarter. Avestar Capital LLC now owns 2,368 shares of the oilfield services company’s stock worth $105,000 after purchasing an additional 2,180 shares during the last quarter. Sun Life Financial INC lifted its holdings in shares of Halliburton by 1,170.1% during the 2nd quarter. Sun Life Financial INC now owns 2,375 shares of the oilfield services company’s stock worth $107,000 after acquiring an additional 2,188 shares during the last quarter. McKinley Carter Wealth Services Inc. bought a new stake in shares of Halliburton during the 1st quarter worth $129,000. Squar Milner Financial Services LLC bought a new stake in shares of Halliburton during the 2nd quarter worth $130,000. Finally, Banco de Sabadell S.A bought a new stake in shares of Halliburton during the 2nd quarter worth $136,000. 79.01% of the stock is currently owned by institutional investors and hedge funds.
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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