Halliburton (NYSE:HAL) Price Target Raised to $48.00 at The Goldman Sachs Group

Halliburton (NYSE:HAL) had its price target lifted by The Goldman Sachs Group from $46.00 to $48.00 in a report published on Tuesday.

A number of other equities research analysts also recently weighed in on HAL. Raymond James decreased their target price on Halliburton from $49.00 to $47.00 and set a strong-buy rating on the stock in a research report on Wednesday, January 24th. Morgan Stanley lifted their target price on Halliburton from $45.00 to $50.00 and gave the stock an overweight rating in a research report on Tuesday. Barclays decreased their target price on Halliburton from $55.00 to $54.00 and set an overweight rating on the stock in a research report on Wednesday, January 24th. UBS Group lifted their price objective on Halliburton from $44.00 to $48.00 in a report on Monday, January 22nd. Finally, TD Cowen lifted their price objective on Halliburton from $49.00 to $51.00 and gave the company an outperform rating in a report on Wednesday, January 24th. One equities research analyst has rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of Buy and an average target price of $49.00.

Halliburton Trading Down 0.4 %

Shares of NYSE:HAL opened at $38.58 on Tuesday. The company has a market cap of $34.20 billion, a P/E ratio of 13.17, a P/E/G ratio of 1.00 and a beta of 2.00. The stock’s 50-day moving average is $37.66 and its 200-day moving average is $37.39. Halliburton has a 52-week low of $27.84 and a 52-week high of $43.85. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.48 and a current ratio of 2.06.

Halliburton (NYSE:HAL) last released its earnings results on Tuesday, January 23rd. The oilfield services company reported $0.86 earnings per share for the quarter, topping analysts’ consensus estimates of $0.80 by $0.06. Halliburton had a return on equity of 31.59% and a net margin of 11.46%. The business had revenue of $5.74 billion for the quarter, compared to the consensus estimate of $5.78 billion. During the same period last year, the business earned $0.72 earnings per share. The firm’s revenue for the quarter was up 2.8% compared to the same quarter last year. Equities research analysts predict that Halliburton will post 3.42 earnings per share for the current year.

Insider Activity

In other news, Director Margaret Katherine Banks sold 5,000 shares of Halliburton stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $35.30, for a total value of $176,500.00. Following the completion of the transaction, the director now owns 9,625 shares in the company, valued at $339,762.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, Director Margaret Katherine Banks sold 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $35.30, for a total value of $176,500.00. Following the completion of the transaction, the director now owns 9,625 shares in the company, valued at approximately $339,762.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Jeffrey Allen Miller sold 377,000 shares of the business’s stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $35.30, for a total transaction of $13,308,100.00. Following the completion of the transaction, the chief executive officer now owns 759,015 shares of the company’s stock, valued at approximately $26,793,229.50. The disclosure for this sale can be found here. 0.61% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Nordea Investment Management AB raised its position in Halliburton by 271.0% in the 4th quarter. Nordea Investment Management AB now owns 768,057 shares of the oilfield services company’s stock worth $27,781,000 after purchasing an additional 561,020 shares during the last quarter. Cerity Partners LLC grew its holdings in Halliburton by 69.5% during the 4th quarter. Cerity Partners LLC now owns 206,692 shares of the oilfield services company’s stock worth $7,472,000 after acquiring an additional 84,771 shares during the period. KLCM Advisors Inc. grew its holdings in Halliburton by 6.9% during the 4th quarter. KLCM Advisors Inc. now owns 490,230 shares of the oilfield services company’s stock worth $17,722,000 after acquiring an additional 31,534 shares during the period. Vontobel Holding Ltd. grew its holdings in Halliburton by 65.4% during the 4th quarter. Vontobel Holding Ltd. now owns 57,920 shares of the oilfield services company’s stock worth $2,094,000 after acquiring an additional 22,906 shares during the period. Finally, CX Institutional acquired a new stake in Halliburton during the 3rd quarter worth $344,000. 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.