Halliburton (NYSE:HAL) PT Raised to $48.00 at TD Cowen

Halliburton (NYSE:HAL) had its price target upped by TD Cowen from $47.00 to $48.00 in a research report released on Wednesday morning, Marketbeat.com reports. TD Cowen currently has a buy rating on the oilfield services company’s stock.

Other analysts also recently issued research reports about the stock. Raymond James decreased their price target on shares of Halliburton from $49.00 to $47.00 and set a strong-buy rating for the company in a research report on Wednesday, January 24th. Barclays decreased their price target on shares of Halliburton from $55.00 to $54.00 and set an overweight rating for the company in a research report on Wednesday, January 24th. UBS Group raised their price target on shares of Halliburton from $46.00 to $51.00 and gave the stock a buy rating in a research report on Tuesday, April 23rd. Susquehanna reaffirmed a positive rating and issued a $49.00 price objective on shares of Halliburton in a report on Monday, April 8th. Finally, Royal Bank of Canada reaffirmed an outperform rating and issued a $45.00 price objective on shares of Halliburton in a report on Wednesday, January 24th. One research analyst has rated the stock with a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Halliburton currently has an average rating of Buy and a consensus price target of $48.82.

Halliburton Trading Down 0.5 %

HAL opened at $38.54 on Wednesday. The firm has a market capitalization of $34.12 billion, a P/E ratio of 13.34, a P/E/G ratio of 1.00 and a beta of 2.00. The firm’s 50 day moving average is $37.88 and its 200-day moving average is $37.36. Halliburton has a 52-week low of $27.84 and a 52-week high of $43.85. The company has a quick ratio of 1.48, a current ratio of 2.12 and a debt-to-equity ratio of 0.79.

Halliburton (NYSE:HAL) last posted its quarterly earnings data on Tuesday, April 23rd. The oilfield services company reported $0.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.74 by $0.02. Halliburton had a net margin of 11.20% and a return on equity of 30.84%. The company had revenue of $5.80 billion for the quarter, compared to analyst estimates of $5.67 billion. During the same quarter last year, the firm posted $0.72 earnings per share. The business’s quarterly revenue was up 2.2% on a year-over-year basis. Analysts expect that Halliburton will post 3.4 EPS for the current fiscal year.

Insider Buying and Selling at Halliburton

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

Institutional Investors Weigh In On Halliburton

A number of hedge funds and other institutional investors have recently modified their holdings of HAL. Capital World Investors raised its position in Halliburton by 0.4% in the fourth quarter. Capital World Investors now owns 121,551,234 shares of the oilfield services company’s stock worth $4,394,077,000 after acquiring an additional 479,877 shares in the last quarter. Sanders Capital LLC raised its position in Halliburton by 3.4% in the fourth quarter. Sanders Capital LLC now owns 23,538,783 shares of the oilfield services company’s stock worth $850,927,000 after acquiring an additional 782,093 shares in the last quarter. Norges Bank bought a new stake in Halliburton in the fourth quarter worth about $400,070,000. Northern Trust Corp raised its position in Halliburton by 3.0% in the third quarter. Northern Trust Corp now owns 9,202,160 shares of the oilfield services company’s stock worth $372,687,000 after acquiring an additional 265,680 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its position in Halliburton by 5.3% in the third quarter. Bank of New York Mellon Corp now owns 8,871,178 shares of the oilfield services company’s stock worth $359,283,000 after acquiring an additional 448,548 shares in the last quarter. 85.23% of the stock is currently owned by institutional investors.

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.