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.
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.
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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