Halliburton (NYSE:HAL) Given New $35.00 Price Target at Benchmark

Halliburton (NYSE:HAL) had its price objective lowered by equities research analysts at Benchmark from $40.00 to $35.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage presently has a “buy” rating on the oilfield services company’s stock. Benchmark’s price objective indicates a potential upside of 22.73% from the company’s previous close.

Other equities research analysts also recently issued reports about the company. Griffin Securities downgraded Halliburton from a “buy” rating to a “neutral” rating in a report on Friday, December 20th. JPMorgan Chase & Co. dropped their target price on shares of Halliburton from $35.00 to $33.00 and set an “overweight” rating on the stock in a report on Thursday, January 2nd. Jefferies Financial Group reduced their price target on shares of Halliburton from $43.00 to $41.00 and set a “buy” rating for the company in a report on Friday, January 3rd. Bank of America dropped their price objective on shares of Halliburton from $40.00 to $38.00 and set a “buy” rating on the stock in a report on Monday, October 14th. Finally, Evercore ISI reduced their target price on shares of Halliburton from $43.00 to $35.00 and set an “outperform” rating for the company in a research note on Wednesday, January 15th. Seven analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to MarketBeat.com, Halliburton presently has an average rating of “Moderate Buy” and an average price target of $37.58.

Halliburton Trading Up 0.1 %

NYSE:HAL traded up $0.04 during mid-day trading on Thursday, hitting $28.52. The company had a trading volume of 2,077,136 shares, compared to its average volume of 10,089,921. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.62 and a current ratio of 2.21. Halliburton has a fifty-two week low of $25.51 and a fifty-two week high of $41.56. The firm has a market cap of $25.05 billion, a P/E ratio of 9.93, a P/E/G ratio of 3.72 and a beta of 1.91. The business’s fifty day moving average is $28.89 and its two-hundred day moving average is $30.04.

Halliburton (NYSE:HAL) last released its quarterly earnings data on Thursday, November 7th. The oilfield services company reported $0.73 earnings per share for the quarter, missing the consensus estimate of $0.75 by ($0.02). The firm had revenue of $5.70 billion for the quarter, compared to the consensus estimate of $5.83 billion. Halliburton had a return on equity of 28.33% and a net margin of 11.04%. The firm’s revenue was down 1.8% compared to the same quarter last year. During the same period in the previous year, the business earned $0.79 EPS. As a group, research analysts expect that Halliburton will post 2.99 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Country Trust Bank acquired a new position in shares of Halliburton in the third quarter valued at about $36,000. Modus Advisors LLC acquired a new position in shares of Halliburton during the 4th quarter worth approximately $38,000. Continuum Advisory LLC increased its holdings in shares of Halliburton by 101.2% during the third quarter. Continuum Advisory LLC now owns 1,388 shares of the oilfield services company’s stock worth $42,000 after purchasing an additional 698 shares during the period. ORG Wealth Partners LLC bought a new position in shares of Halliburton during the third quarter worth approximately $44,000. Finally, Venturi Wealth Management LLC raised its position in shares of Halliburton by 34.2% in the third quarter. Venturi Wealth Management LLC now owns 1,618 shares of the oilfield services company’s stock valued at $47,000 after buying an additional 412 shares in the last quarter. Institutional investors and hedge funds 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.