Halliburton (NYSE:HAL) Receives $40.74 Consensus Target Price from Analysts

Halliburton (NYSE:HAL) has been assigned a consensus rating of “Moderate Buy” from the twenty research firms that are presently covering the company, Marketbeat reports. Four analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has issued a strong buy rating on the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $40.58.

A number of equities analysts recently weighed in on the stock. Barclays cut their price target on shares of Halliburton from $47.00 to $43.00 and set an “overweight” rating on the stock in a report on Friday, November 8th. The Goldman Sachs Group reduced their target price on shares of Halliburton from $47.00 to $40.00 and set a “buy” rating for the company in a research report on Thursday, August 29th. BMO Capital Markets lowered their price target on shares of Halliburton from $40.00 to $38.00 and set a “market perform” rating on the stock in a report on Thursday, October 10th. UBS Group lowered Halliburton from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $36.00 to $34.00 in a report on Monday, December 9th. Finally, Jefferies Financial Group lowered their target price on Halliburton from $47.00 to $46.00 and set a “buy” rating on the stock in a research note on Tuesday, September 24th.

Institutional Investors Weigh In On Halliburton

Several institutional investors have recently bought and sold shares of HAL. First Horizon Advisors Inc. increased its stake in shares of Halliburton by 2.1% in the second quarter. First Horizon Advisors Inc. now owns 14,027 shares of the oilfield services company’s stock worth $474,000 after buying an additional 295 shares during the period. MidWestOne Financial Group Inc. lifted its stake in Halliburton by 4.4% in the third quarter. MidWestOne Financial Group Inc. now owns 8,610 shares of the oilfield services company’s stock worth $250,000 after acquiring an additional 359 shares during the period. Public Sector Pension Investment Board boosted its holdings in Halliburton by 0.3% in the third quarter. Public Sector Pension Investment Board now owns 154,210 shares of the oilfield services company’s stock valued at $4,480,000 after acquiring an additional 390 shares in the last quarter. Brown Brothers Harriman & Co. increased its position in Halliburton by 28.8% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 1,759 shares of the oilfield services company’s stock valued at $51,000 after purchasing an additional 393 shares during the period. Finally, Northwest Bank & Trust Co lifted its position in shares of Halliburton by 3.2% in the 3rd quarter. Northwest Bank & Trust Co now owns 12,979 shares of the oilfield services company’s stock worth $377,000 after purchasing an additional 397 shares during the period. 85.23% of the stock is currently owned by hedge funds and other institutional investors.

Halliburton Trading Down 0.7 %

NYSE:HAL opened at $28.68 on Friday. Halliburton has a 52 week low of $27.26 and a 52 week high of $41.56. The firm has a 50-day moving average price of $29.75 and a two-hundred day moving average price of $31.31. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.62 and a current ratio of 2.21. The firm has a market cap of $25.20 billion, a price-to-earnings ratio of 9.99, a price-to-earnings-growth ratio of 3.61 and a beta of 1.90.

Halliburton (NYSE:HAL) last issued its quarterly earnings results on Thursday, November 7th. The oilfield services company reported $0.73 EPS for the quarter, missing analysts’ consensus estimates of $0.75 by ($0.02). The business 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 business’s revenue was down 1.8% compared to the same quarter last year. During the same quarter last year, the business posted $0.79 earnings per share. On average, equities analysts expect that Halliburton will post 3 earnings per share for the current fiscal year.

Halliburton Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 26th. Stockholders of record on Wednesday, December 4th will be paid a dividend of $0.17 per share. The ex-dividend date is Wednesday, December 4th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.37%. Halliburton’s dividend payout ratio (DPR) is currently 23.69%.

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.