Halliburton (NYSE:HAL) Receives $40.79 Consensus Price Target from Analysts

Shares of Halliburton (NYSE:HAL) have earned a consensus rating of “Moderate Buy” from the twenty ratings firms that are currently covering the stock, Marketbeat reports. Three analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $40.79.

Several research analysts have recently issued reports on HAL shares. Dbs Bank started coverage on Halliburton in a research report on Wednesday, September 18th. They set a “buy” rating and a $45.00 price objective for the company. Morgan Stanley lowered their price objective on Halliburton from $45.00 to $35.00 and set an “overweight” rating for the company in a research report on Monday, September 16th. The Goldman Sachs Group lowered their price objective on Halliburton from $47.00 to $40.00 and set a “buy” rating for the company in a research report on Thursday, August 29th. Benchmark reaffirmed a “buy” rating and set a $40.00 price objective on shares of Halliburton in a research report on Friday, November 8th. Finally, Jefferies Financial Group reduced their target price on Halliburton from $47.00 to $46.00 and set a “buy” rating for the company in a report on Tuesday, September 24th.

Halliburton Trading Down 1.4 %

HAL opened at $29.69 on Wednesday. Halliburton has a 12 month low of $27.26 and a 12 month high of $41.56. The stock has a market capitalization of $26.08 billion, a price-to-earnings ratio of 10.65, a PEG ratio of 3.70 and a beta of 1.89. The company has a debt-to-equity ratio of 0.74, a current ratio of 2.21 and a quick ratio of 1.62. The business has a fifty day moving average price of $29.12 and a 200 day moving average price of $32.30.

Halliburton (NYSE:HAL) last released its earnings results on Thursday, November 7th. The oilfield services company reported $0.73 EPS for the quarter, missing the consensus estimate of $0.75 by ($0.02). The company had revenue of $5.70 billion for the quarter, compared to analyst estimates of $5.83 billion. Halliburton had a return on equity of 28.33% and a net margin of 11.04%. The company’s revenue for the quarter was down 1.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.79 earnings per share. Sell-side analysts expect that Halliburton will post 3.02 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Halliburton

A number of large investors have recently bought and sold shares of HAL. First Horizon Advisors Inc. increased its holdings in shares of Halliburton by 2.1% in the 2nd quarter. First Horizon Advisors Inc. now owns 14,027 shares of the oilfield services company’s stock valued at $474,000 after purchasing an additional 295 shares in the last quarter. Beacon Capital Management LLC increased its holdings in shares of Halliburton by 28.8% in the 1st quarter. Beacon Capital Management LLC now owns 1,382 shares of the oilfield services company’s stock valued at $54,000 after purchasing an additional 309 shares in the last quarter. Guinness Atkinson Asset Management Inc increased its holdings in shares of Halliburton by 3.1% in the 2nd quarter. Guinness Atkinson Asset Management Inc now owns 10,847 shares of the oilfield services company’s stock valued at $366,000 after purchasing an additional 330 shares in the last quarter. Moody National Bank Trust Division increased its holdings in shares of Halliburton by 2.9% in the 2nd quarter. Moody National Bank Trust Division now owns 11,842 shares of the oilfield services company’s stock valued at $400,000 after purchasing an additional 336 shares in the last quarter. Finally, MidWestOne Financial Group Inc. increased its holdings in shares of Halliburton by 4.4% in the 3rd quarter. MidWestOne Financial Group Inc. now owns 8,610 shares of the oilfield services company’s stock valued at $250,000 after purchasing an additional 359 shares in the last quarter. Hedge funds and other institutional investors own 85.23% of the company’s stock.

Halliburton Company Profile

Halliburton Company provides products and services to the energy industry worldwide. It operates through two segments, Completion and Production, and Drilling and Evaluation. The Completion and Production segment offers production enhancement services that include stimulation and sand control services; cementing services, such as well bonding and casing, and casing equipment; and completion tools that offer downhole solutions and services, including well completion products and services, intelligent well completions, and service tools, as well as liner hanger, sand control, and multilateral systems.