Halliburton (HAL) Receives $54.13 Consensus Target Price from Analysts

Halliburton (NYSE:HAL) has been assigned an average recommendation of “Buy” from the twenty-nine ratings firms that are presently covering the firm, MarketBeat.com reports. Five investment analysts have rated the stock with a hold recommendation, twenty-three have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $53.67.

A number of brokerages have recently issued reports on HAL. Stephens began coverage on shares of Halliburton in a research note on Friday. They issued an “overweight” rating for the company. Wells Fargo & Co restated a “buy” rating on shares of Halliburton in a research note on Friday, June 29th. Zacks Investment Research upgraded shares of Halliburton from a “hold” rating to a “buy” rating and set a $51.00 price objective for the company in a research note on Tuesday, June 26th. B. Riley set a $51.00 price objective on shares of Halliburton and gave the company a “buy” rating in a research note on Thursday, July 26th. Finally, Stifel Nicolaus began coverage on shares of Halliburton in a research note on Monday, September 10th. They issued a “buy” rating and a $45.00 price objective for the company.

In other news, insider James S. Brown sold 15,989 shares of the company’s stock in a transaction dated Thursday, September 20th. The shares were sold at an average price of $40.53, for a total value of $648,034.17. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Murry Gerber bought 5,800 shares of the stock in a transaction dated Thursday, July 26th. The stock was purchased at an average cost of $40.66 per share, for a total transaction of $235,828.00. Following the acquisition, the director now owns 60,961 shares in the company, valued at approximately $2,478,674.26. The disclosure for this purchase can be found here. 0.54% of the stock is currently owned by corporate insiders.

Several institutional investors and hedge funds have recently bought and sold shares of HAL. Sanders Capital LLC grew its holdings in Halliburton by 5.3% during the 2nd quarter. Sanders Capital LLC now owns 15,844,408 shares of the oilfield services company’s stock worth $779,554,000 after acquiring an additional 799,300 shares during the last quarter. Macquarie Group Ltd. grew its holdings in Halliburton by 3.8% during the 2nd quarter. Macquarie Group Ltd. now owns 14,579,725 shares of the oilfield services company’s stock worth $656,962,000 after acquiring an additional 531,196 shares during the last quarter. Northern Trust Corp grew its holdings in Halliburton by 0.5% during the 2nd quarter. Northern Trust Corp now owns 10,303,279 shares of the oilfield services company’s stock worth $464,265,000 after acquiring an additional 53,426 shares during the last quarter. Morgan Stanley grew its holdings in Halliburton by 25.2% during the 2nd quarter. Morgan Stanley now owns 6,879,339 shares of the oilfield services company’s stock worth $309,984,000 after acquiring an additional 1,385,703 shares during the last quarter. Finally, Aristotle Capital Management LLC grew its holdings in Halliburton by 4.9% during the 1st quarter. Aristotle Capital Management LLC now owns 4,886,928 shares of the oilfield services company’s stock worth $229,392,000 after acquiring an additional 230,408 shares during the last quarter. 78.84% of the stock is currently owned by institutional investors and hedge funds.

NYSE:HAL traded up $0.28 during trading hours on Thursday, hitting $40.08. 7,848,411 shares of the company traded hands, compared to its average volume of 8,874,945. Halliburton has a twelve month low of $35.75 and a twelve month high of $57.86. The stock has a market cap of $35.66 billion, a P/E ratio of 32.85, a PEG ratio of 2.54 and a beta of 1.01. The company has a debt-to-equity ratio of 1.18, a current ratio of 2.24 and a quick ratio of 1.72.

Halliburton (NYSE:HAL) last announced its quarterly earnings data on Monday, July 23rd. The oilfield services company reported $0.58 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.01). Halliburton had a net margin of 0.42% and a return on equity of 19.48%. The business had revenue of $6.15 billion during the quarter, compared to analyst estimates of $6.12 billion. During the same quarter in the prior year, the company posted $0.23 EPS. The company’s quarterly revenue was up 24.0% compared to the same quarter last year. As a group, equities research analysts anticipate that Halliburton will post 1.99 EPS for the current year.

About Halliburton

Halliburton Company provides a range of services and products to oil and natural gas companies worldwide. The company's Completion and Production segment offers production enhancement services, including stimulation and sand control services; and cementing services, such as bonding the well, well casing, and casing equipment.

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Analyst Recommendations for Halliburton (NYSE:HAL)

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