Halliburton (NYSE:HAL) Receives Consensus Recommendation of “Buy” from Brokerages

Shares of Halliburton (NYSE:HAL) have received an average recommendation of “Buy” from the fifteen ratings firms that are currently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $48.59.

HAL has been the subject of a number of recent analyst reports. TD Cowen boosted their target price on shares of Halliburton from $47.00 to $48.00 and gave the company a “buy” rating in a research note on Wednesday, April 24th. StockNews.com downgraded Halliburton from a “buy” rating to a “hold” rating in a report on Tuesday. Jefferies Financial Group lifted their price objective on Halliburton from $49.00 to $50.00 and gave the company a “buy” rating in a report on Wednesday. Royal Bank of Canada restated an “outperform” rating and issued a $45.00 price objective on shares of Halliburton in a report on Wednesday, January 24th. Finally, The Goldman Sachs Group lifted their price objective on Halliburton from $46.00 to $48.00 in a report on Tuesday, April 23rd.

Halliburton Stock Down 3.0 %

Shares of HAL opened at $36.33 on Friday. The firm has a market capitalization of $32.16 billion, a P/E ratio of 12.57, a P/E/G ratio of 0.99 and a beta of 2.00. Halliburton has a 12-month low of $27.84 and a 12-month high of $43.85. The company has a current ratio of 2.12, a quick ratio of 1.52 and a debt-to-equity ratio of 0.79. The firm has a fifty day moving average price of $38.02 and a 200-day moving average price of $37.27.

Halliburton (NYSE:HAL) last issued its earnings results 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. The firm had revenue of $5.80 billion during the quarter, compared to analyst estimates of $5.67 billion. Halliburton had a net margin of 11.20% and a return on equity of 30.84%. The business’s revenue was up 2.2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.72 earnings per share. Equities research analysts expect that Halliburton will post 3.4 earnings per share for the current year.

Insider Activity

In other news, Director Margaret Katherine Banks sold 5,000 shares of the company’s 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 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 SEC, which is accessible through this hyperlink. In other news, CEO Jeffrey Allen Miller sold 377,000 shares of the company’s 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 transaction, the chief executive officer now owns 759,015 shares in the company, valued at $26,793,229.50. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Margaret Katherine Banks sold 5,000 shares of the company’s 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 transaction, the director now owns 9,625 shares in the company, valued at approximately $339,762.50. The disclosure for this sale can be found here. Corporate insiders own 0.61% of the company’s stock.

Institutional Investors Weigh In On Halliburton

A number of large investors have recently bought and sold shares of the company. StoneX Group Inc. boosted its position in Halliburton by 115.1% in the first quarter. StoneX Group Inc. now owns 23,875 shares of the oilfield services company’s stock valued at $941,000 after buying an additional 12,778 shares during the last quarter. Janney Montgomery Scott LLC boosted its position in Halliburton by 18.6% in the first quarter. Janney Montgomery Scott LLC now owns 148,406 shares of the oilfield services company’s stock valued at $5,850,000 after buying an additional 23,230 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its position in Halliburton by 5.2% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 148,671 shares of the oilfield services company’s stock valued at $5,861,000 after buying an additional 7,330 shares during the last quarter. Norden Group LLC purchased a new stake in Halliburton in the first quarter valued at approximately $1,601,000. Finally, HB Wealth Management LLC boosted its position in Halliburton by 12.4% in the first quarter. HB Wealth Management LLC now owns 13,859 shares of the oilfield services company’s stock valued at $546,000 after buying an additional 1,532 shares during the last quarter. Hedge funds and other 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.