Jefferies Financial Group Boosts Halliburton (NYSE:HAL) Price Target to $50.00

Halliburton (NYSE:HAL) had its price objective boosted by Jefferies Financial Group from $49.00 to $50.00 in a research report sent to investors on Wednesday morning, Benzinga reports. The brokerage currently has a buy rating on the oilfield services company’s stock.

A number of other analysts also recently weighed in on HAL. Barclays decreased their price target on Halliburton from $55.00 to $54.00 and set an overweight rating for the company in a report on Wednesday, January 24th. Susquehanna reiterated a positive rating and set a $49.00 price target on shares of Halliburton in a report on Monday, April 8th. Morgan Stanley increased their price objective on shares of Halliburton from $45.00 to $50.00 and gave the stock an overweight rating in a research report on Tuesday, April 23rd. UBS Group increased their price objective 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. Finally, Raymond James cut their price objective on shares of Halliburton from $49.00 to $47.00 and set a strong-buy rating on the stock in a research report on Wednesday, January 24th. Two analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Halliburton currently has an average rating of Moderate Buy and an average target price of $48.59.

Halliburton Trading Up 0.1 %

HAL opened at $36.73 on Wednesday. Halliburton has a twelve month low of $27.84 and a twelve month high of $43.85. The company has a fifty day moving average of $38.05 and a 200-day moving average of $37.27. The stock has a market cap of $32.51 billion, a PE ratio of 12.71, a price-to-earnings-growth ratio of 0.93 and a beta of 2.01. The company has a quick ratio of 1.52, a current ratio of 2.12 and a debt-to-equity ratio of 0.79.

Halliburton (NYSE:HAL) last issued its quarterly earnings results on Tuesday, April 23rd. The oilfield services company reported $0.76 earnings per share for the quarter, topping analysts’ consensus estimates of $0.74 by $0.02. Halliburton had a return on equity of 30.84% and a net margin of 11.20%. The firm had revenue of $5.80 billion during the quarter, compared to the consensus estimate of $5.67 billion. During the same period last year, the business posted $0.72 EPS. The business’s revenue was up 2.2% compared to the same quarter last year. On average, sell-side analysts predict that Halliburton will post 3.39 EPS for the current year.

Insider Activity at Halliburton

In other Halliburton news, CEO Jeffrey Allen Miller sold 377,000 shares of Halliburton stock in a transaction that occurred on 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 of the company’s stock, valued at approximately $26,793,229.50. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other Halliburton 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 transaction of $176,500.00. Following the transaction, the director now owns 9,625 shares of the company’s stock, valued at approximately $339,762.50. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Jeffrey Allen Miller sold 377,000 shares of Halliburton 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 transaction, the chief executive officer now directly owns 759,015 shares in the company, valued at approximately $26,793,229.50. The disclosure for this sale can be found here. 0.61% of the stock is owned by insiders.

Hedge Funds Weigh In On Halliburton

Several hedge funds have recently modified their holdings of HAL. Geneos Wealth Management Inc. increased its stake in shares of Halliburton by 127.4% during the 1st quarter. Geneos Wealth Management Inc. now owns 10,356 shares of the oilfield services company’s stock worth $408,000 after purchasing an additional 5,802 shares during the last quarter. 9258 Wealth Management LLC increased its stake in shares of Halliburton by 6.1% during the 1st quarter. 9258 Wealth Management LLC now owns 32,749 shares of the oilfield services company’s stock worth $1,291,000 after purchasing an additional 1,870 shares during the last quarter. WBI Investments LLC increased its stake in shares of Halliburton by 105.8% during the 1st quarter. WBI Investments LLC now owns 47,466 shares of the oilfield services company’s stock worth $1,871,000 after purchasing an additional 24,397 shares during the last quarter. Csenge Advisory Group purchased a new stake in shares of Halliburton during the 1st quarter worth approximately $205,000. Finally, Catalina Capital Group LLC purchased a new stake in shares of Halliburton during the 1st quarter worth approximately $255,000. 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.