Halliburton (NYSE:HAL) had its price target lifted by Wells Fargo & Co from $58.00 to $65.00 in a research report released on Thursday. The brokerage currently has an outperform rating on the oilfield services company’s stock.
Other research analysts also recently issued research reports about the stock. B. Riley raised their target price on shares of Halliburton from $55.00 to $65.00 and gave the company a buy rating in a research report on Wednesday, January 24th. Zacks Investment Research raised shares of Halliburton from a hold rating to a buy rating and set a $52.00 target price for the company in a research report on Tuesday, March 6th. Jefferies Group set a $62.00 target price on shares of Halliburton and gave the company a buy rating in a research report on Wednesday, April 4th. Barclays reaffirmed a buy rating and issued a $64.00 target price on shares of Halliburton in a research report on Thursday, April 19th. Finally, Credit Suisse Group set a $65.00 target price on shares of Halliburton and gave the company a buy rating in a research report on Monday, April 23rd. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and twenty-two have given a buy rating to the company. The company has an average rating of Buy and a consensus target price of $59.08.
Shares of HAL stock opened at $50.19 on Thursday. The company has a quick ratio of 1.73, a current ratio of 2.22 and a debt-to-equity ratio of 1.24. Halliburton has a 12-month low of $38.18 and a 12-month high of $57.86. The firm has a market cap of $43.97 billion, a PE ratio of 31.57, a P/E/G ratio of 2.53 and a beta of 1.03.
Halliburton (NYSE:HAL) last issued its quarterly earnings data on Monday, April 23rd. The oilfield services company reported $0.41 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.41. Halliburton had a negative net margin of 1.74% and a positive return on equity of 15.87%. The company had revenue of $5.74 billion during the quarter, compared to the consensus estimate of $5.74 billion. During the same quarter in the prior year, the firm earned $0.04 earnings per share. The firm’s revenue was up 34.1% compared to the same quarter last year. research analysts anticipate that Halliburton will post 2.48 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 27th. Shareholders of record on Wednesday, June 6th will be paid a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 1.43%. The ex-dividend date is Tuesday, June 5th. Halliburton’s dividend payout ratio is currently 59.02%.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Suntrust Banks Inc. lifted its stake in shares of Halliburton by 5.3% during the 1st quarter. Suntrust Banks Inc. now owns 103,792 shares of the oilfield services company’s stock worth $4,870,000 after buying an additional 5,224 shares during the last quarter. Redwood Investments LLC acquired a new stake in shares of Halliburton during the 1st quarter worth about $6,496,000. Amalgamated Bank lifted its stake in shares of Halliburton by 7.1% during the 1st quarter. Amalgamated Bank now owns 120,773 shares of the oilfield services company’s stock worth $5,669,000 after buying an additional 7,963 shares during the last quarter. Summit Trail Advisors LLC lifted its stake in shares of Halliburton by 5,612.7% during the 1st quarter. Summit Trail Advisors LLC now owns 296,376 shares of the oilfield services company’s stock worth $296,000 after buying an additional 291,188 shares during the last quarter. Finally, Massmutual Trust Co. FSB ADV lifted its stake in shares of Halliburton by 8.7% during the 1st quarter. Massmutual Trust Co. FSB ADV now owns 62,368 shares of the oilfield services company’s stock worth $2,928,000 after buying an additional 4,982 shares during the last quarter. Institutional investors own 79.81% of the company’s stock.
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.
Receive News & Ratings for Halliburton Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Halliburton and related companies with MarketBeat.com's FREE daily email newsletter.