Morgan Stanley cut shares of Halliburton (NYSE: HAL) from an equal weight rating to an underweight rating in a research report sent to investors on Thursday morning, Analyst Ratings Network.com reports.
Other equities research analysts have also recently issued reports about the stock. Analysts at TheStreet reiterated a buy rating on shares of Halliburton in a research note to investors on Wednesday, May 29th. Separately, analysts at FBR Capital Markets reiterated an outperform rating on shares of Halliburton in a research note to investors on Tuesday, May 28th. They now have a $50.00 price target on the stock. Finally, analysts at RBC Capital raised their price target on shares of Halliburton from $45.00 to $50.00 in a research note to investors on Friday, May 24th. They now have an outperform rating on the stock.
Two investment analysts have rated the stock with a sell rating, five have given a hold rating, twenty-two have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of Buy and an average price target of $50.89.
Halliburton (NYSE: HAL) opened at 41.85 on Thursday. Halliburton has a 52-week low of $26.28 and a 52-week high of $45.75. The stock’s 50-day moving average is currently $42.13. The company has a market cap of $39.006 billion and a price-to-earnings ratio of 19.46.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, June 26th. Stockholders of record on Wednesday, June 5th will be given a dividend of $0.13 per share. This represents a $0.50 dividend on an annualized basis and a yield of 1.19%. The ex-dividend date of this dividend is Monday, June 3rd.
Halliburton Company is an oilfield services company. The Company is provider of services and products to the energy industry related to the exploration, development, and production of oil and natural gas.