Halliburton (NYSE:HAL)‘s stock had its “buy” rating reiterated by equities researchers at TheStreet in a research report issued on Friday, Stock Ratings Network.com reports.
The analysts wrote, “Halliburton Company (HAL) has been reiterated by TheStreet Ratings as a buy with a ratings score of A-. The company’s strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations, largely solid financial position with reasonable debt levels by most measures, solid stock price performance and growth in earnings per share. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity.”
Other equities research analysts have also recently issued reports about the stock. Analysts at FBR Capital Markets initiated coverage on shares of Halliburton in a research note to investors on Friday. They set a “market perform” rating on the stock. Separately, analysts at Global Hunter Securities downgraded shares of Halliburton from a “buy” rating to a “neutral” rating in a research note to investors on Monday, November 18th. Finally, analysts at Jefferies Group raised their price target on shares of Halliburton to $63.00 in a research note to investors on Thursday, November 7th. They now have a “buy” rating on the stock. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating, twenty-two have given a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $61.62.
Halliburton (NYSE:HAL) opened at 50.48 on Friday. Halliburton has a 52 week low of $32.82 and a 52 week high of $56.52. The stock’s 50-day moving average is $53.14 and its 200-day moving average is $47.80. The company has a market cap of $42.818 billion and a price-to-earnings ratio of 23.22. Halliburton also was the target of some unusual options trading on Tuesday. Stock traders bought 33,234 call options on the company. This is an increase of approximately 163% compared to the average volume of 12,650 call options.
Halliburton (NYSE:HAL) last posted its quarterly earnings results on Monday, October 21st. The company reported $0.83 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.84 by $0.01. The company had revenue of $7.50 billion for the quarter, compared to the consensus estimate of $7.50 billion. During the same quarter in the previous year, the company posted $0.67 earnings per share. The company’s revenue for the quarter was up 5.1% on a year-over-year basis. Analysts expect that Halliburton will post $3.12 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, December 27th. Investors of record on Friday, December 6th will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 1.19%. The ex-dividend date of this dividend is Wednesday, December 4th. This is an increase from Halliburton’s previous quarterly dividend of $0.13.
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.
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