Halliburton (NYSE:HAL) has been given a $60.00 price target by investment analysts at JPMorgan Chase & Co. in a note issued to investors on Tuesday, January 23rd. The firm currently has a “buy” rating on the oilfield services company’s stock. JPMorgan Chase & Co.’s price objective would indicate a potential upside of 25.34% from the stock’s previous close.
Several other research analysts have also recently weighed in on HAL. B. Riley reissued a “buy” rating on shares of Halliburton in a research report on Wednesday, November 1st. TheStreet raised Halliburton from a “d+” rating to a “c-” rating in a research report on Friday, September 29th. Loop Capital reaffirmed a “buy” rating and set a $57.00 price target (down previously from $62.00) on shares of Halliburton in a research report on Tuesday, October 24th. BMO Capital Markets reaffirmed a “buy” rating and set a $58.00 price target on shares of Halliburton in a research report on Tuesday, January 16th. Finally, Zacks Investment Research raised Halliburton from a “sell” rating to a “hold” rating in a research report on Tuesday, October 10th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, twenty-two have assigned a buy rating and one has given a strong buy rating to the company’s stock. Halliburton has a consensus rating of “Buy” and an average target price of $59.73.
Halliburton (NYSE:HAL) traded up $0.48 during midday trading on Tuesday, hitting $47.87. The stock had a trading volume of 8,740,000 shares, compared to its average volume of 10,430,000. The company has a market capitalization of $41,770.00, a P/E ratio of 129.38, a price-to-earnings-growth ratio of 2.29 and a beta of 0.96. Halliburton has a 52-week low of $38.18 and a 52-week high of $57.86. The company has a debt-to-equity ratio of 1.25, a quick ratio of 1.72 and a current ratio of 2.22.
Halliburton (NYSE:HAL) last announced its quarterly earnings results on Monday, January 22nd. The oilfield services company reported $0.53 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.46 by $0.07. Halliburton had a positive return on equity of 11.95% and a negative net margin of 2.25%. The business had revenue of $5.94 billion during the quarter, compared to the consensus estimate of $5.63 billion. During the same quarter in the prior year, the company posted $0.04 earnings per share. Halliburton’s revenue was up 47.7% compared to the same quarter last year. equities analysts expect that Halliburton will post 2.62 EPS for the current year.
In related news, VP Anne L. Beaty sold 2,937 shares of the stock in a transaction dated Monday, January 8th. The stock was sold at an average price of $51.57, for a total transaction of $151,461.09. Following the completion of the sale, the vice president now directly owns 60,839 shares in the company, valued at approximately $3,137,467.23. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Lawrence J. Pope sold 9,100 shares of the stock in a transaction dated Monday, November 27th. The shares were sold at an average price of $41.35, for a total value of $376,285.00. Following the sale, the executive vice president now owns 180,646 shares of the company’s stock, valued at $7,469,712.10. The disclosure for this sale can be found here. Insiders sold a total of 164,507 shares of company stock worth $8,380,429 over the last 90 days. Corporate insiders own 0.47% of the company’s stock.
A number of hedge funds have recently modified their holdings of the stock. IFG Advisory LLC purchased a new stake in Halliburton in the 4th quarter worth approximately $253,000. Calton & Associates Inc. purchased a new stake in Halliburton in the 4th quarter worth approximately $128,000. Cerebellum GP LLC purchased a new stake in Halliburton in the 4th quarter worth approximately $131,000. Icon Wealth Partners LLC purchased a new stake in Halliburton in the 4th quarter worth approximately $147,000. Finally, YorkBridge Wealth Partners LLC lifted its holdings in Halliburton by 243.3% in the 3rd quarter. YorkBridge Wealth Partners LLC now owns 3,165 shares of the oilfield services company’s stock worth $146,000 after buying an additional 2,243 shares during the period. Institutional investors own 80.57% of the company’s stock.
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Halliburton Company Profile
Halliburton Company provides services and products to the upstream oil and natural gas industry throughout the lifecycle of the reservoir, from locating hydrocarbons and managing geological data, to drilling and formation evaluation, well construction and completion, and optimizing production throughout the life of the field.
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