Halliburton (NYSE:HAL) Given Hold (C-) Rating at Weiss Ratings

Halliburton (NYSE:HAL)‘s stock had its “hold (c-)” rating reiterated by investment analysts at Weiss Ratings in a note issued to investors on Wednesday,Weiss Ratings reports.

Other equities research analysts have also issued reports about the company. Royal Bank Of Canada decreased their target price on Halliburton from $28.00 to $24.00 and set a “sector perform” rating for the company in a research report on Wednesday, July 23rd. Stifel Nicolaus dropped their price objective on shares of Halliburton from $31.00 to $29.00 and set a “buy” rating on the stock in a report on Wednesday, July 23rd. Melius began coverage on shares of Halliburton in a research report on Wednesday, August 20th. They set a “buy” rating and a $41.00 target price for the company. Wells Fargo & Company lowered their price target on shares of Halliburton from $28.00 to $26.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 23rd. Finally, Zephirin Group upped their price target on shares of Halliburton from $27.00 to $28.00 and gave the company a “buy” rating in a research note on Thursday, October 2nd. Fourteen research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $31.30.

Halliburton Trading Down 1.4%

Shares of Halliburton stock opened at $23.93 on Wednesday. Halliburton has a 1 year low of $18.72 and a 1 year high of $32.57. The firm has a market cap of $20.40 billion, a PE ratio of 11.18 and a beta of 1.02. The stock has a fifty day moving average price of $22.50 and a 200-day moving average price of $21.83. The company has a debt-to-equity ratio of 0.68, a current ratio of 2.00 and a quick ratio of 1.47.

Halliburton (NYSE:HAL) last announced its earnings results on Tuesday, July 22nd. The oilfield services company reported $0.55 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.55. Halliburton had a return on equity of 21.45% and a net margin of 8.37%.The firm had revenue of $5.51 billion during the quarter, compared to analyst estimates of $5.43 billion. During the same period last year, the firm posted $0.80 EPS. The business’s revenue was down 5.5% compared to the same quarter last year. Equities research analysts anticipate that Halliburton will post 2.64 EPS for the current year.

Institutional Trading of Halliburton

A number of large investors have recently modified their holdings of the business. Wedmont Private Capital boosted its position in shares of Halliburton by 18.8% during the 3rd quarter. Wedmont Private Capital now owns 16,500 shares of the oilfield services company’s stock valued at $401,000 after acquiring an additional 2,612 shares during the last quarter. Czech National Bank boosted its position in shares of Halliburton by 3.0% during the 3rd quarter. Czech National Bank now owns 216,544 shares of the oilfield services company’s stock valued at $5,327,000 after acquiring an additional 6,382 shares during the last quarter. Hardin Capital Partners LLC bought a new stake in shares of Halliburton during the 3rd quarter valued at about $226,000. Moody National Bank Trust Division boosted its position in shares of Halliburton by 4.0% during the 3rd quarter. Moody National Bank Trust Division now owns 15,669 shares of the oilfield services company’s stock valued at $385,000 after acquiring an additional 607 shares during the last quarter. Finally, Boltwood Capital Management bought a new stake in shares of Halliburton during the 3rd quarter valued at about $220,000. Institutional investors own 85.23% of the company’s stock.

About Halliburton

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.