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

Shares of Halliburton (NYSE:HAL) have received a consensus recommendation of “Buy” from the twenty-eight analysts that are currently covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and twenty-two have assigned a buy rating to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $44.05.

A number of analysts have recently issued reports on HAL shares. Zacks Investment Research raised shares of Halliburton from a “strong sell” rating to a “hold” rating in a research note on Wednesday, February 13th. Seaport Global Securities set a $49.00 price objective on shares of Halliburton and gave the stock a “buy” rating in a research note on Tuesday, April 23rd. SunTrust Banks lowered their price objective on shares of Halliburton to $39.00 and set an “average” rating for the company in a research note on Tuesday, April 23rd. Goldman Sachs Group began coverage on shares of Halliburton in a research note on Sunday, March 10th. They issued a “buy” rating and a $42.00 price objective for the company. Finally, Stifel Nicolaus set a $36.00 price objective on shares of Halliburton and gave the stock a “buy” rating in a research note on Tuesday, January 22nd.

In other Halliburton news, CFO Lance Loeffler sold 5,926 shares of the stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $28.35, for a total transaction of $168,002.10. Following the completion of the sale, the chief financial officer now directly owns 55,885 shares of the company’s stock, valued at $1,584,339.75. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.61% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the business. Ellis Investment Partners LLC purchased a new stake in shares of Halliburton during the first quarter valued at about $25,000. SevenBridge Financial Group LLC lifted its position in shares of Halliburton by 387.5% during the fourth quarter. SevenBridge Financial Group LLC now owns 975 shares of the oilfield services company’s stock valued at $26,000 after buying an additional 775 shares during the last quarter. Essex Savings Bank acquired a new position in shares of Halliburton during the fourth quarter valued at about $27,000. Paragon Capital Management LLC acquired a new position in shares of Halliburton during the first quarter valued at about $29,000. Finally, American Research & Management Co. acquired a new position in shares of Halliburton during the first quarter valued at about $29,000. 81.23% of the stock is owned by institutional investors and hedge funds.

Shares of HAL opened at $28.85 on Monday. The firm has a market cap of $25.18 billion, a PE ratio of 15.18, a P/E/G ratio of 1.58 and a beta of 1.17. Halliburton has a 12-month low of $24.70 and a 12-month high of $54.91. The company has a quick ratio of 1.69, a current ratio of 2.22 and a debt-to-equity ratio of 1.07.

Halliburton (NYSE:HAL) last issued its earnings results on Monday, April 22nd. The oilfield services company reported $0.23 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.23. The firm had revenue of $5.74 billion during the quarter, compared to analyst estimates of $5.53 billion. Halliburton had a net margin of 7.34% and a return on equity of 16.26%. The business’s revenue was down .1% on a year-over-year basis. During the same period in the previous year, the firm earned $0.41 earnings per share. Analysts predict that Halliburton will post 1.37 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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