Halliburton (NYSE:HAL) Lifted to “Buy” at StockNews.com

Halliburton (NYSE:HALGet Free Report) was upgraded by research analysts at StockNews.com from a “hold” rating to a “buy” rating in a research report issued on Monday.

Other research analysts have also recently issued research reports about the stock. Atb Cap Markets cut shares of Halliburton from an “outperform” rating to a “sector perform” rating in a report on Friday, December 22nd. Barclays decreased their price target on shares of Halliburton from $55.00 to $54.00 and set an “overweight” rating on the stock in a report on Wednesday, January 24th. Raymond James reduced their target price on Halliburton from $49.00 to $47.00 and set a “strong-buy” rating on the stock in a research note on Wednesday, January 24th. TD Cowen increased their target price on Halliburton from $49.00 to $51.00 and gave the company an “outperform” rating in a research note on Wednesday, January 24th. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $45.00 target price on shares of Halliburton in a research note on Wednesday, January 24th. One research analyst has rated the stock with a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $48.63.

View Our Latest Report on HAL

Halliburton Stock Up 0.0 %

HAL stock traded up $0.01 during mid-day trading on Monday, reaching $34.52. 8,689,832 shares of the company traded hands, compared to its average volume of 8,273,100. The stock has a market cap of $30.73 billion, a price-to-earnings ratio of 11.78, a P/E/G ratio of 0.86 and a beta of 2.01. The company has a quick ratio of 1.48, a current ratio of 2.06 and a debt-to-equity ratio of 0.81. Halliburton has a fifty-two week low of $27.84 and a fifty-two week high of $43.85. The firm’s 50 day moving average price is $35.44 and its 200 day moving average price is $38.27.

Halliburton (NYSE:HALGet Free Report) last announced its earnings results on Tuesday, January 23rd. The oilfield services company reported $0.86 earnings per share for the quarter, topping analysts’ consensus estimates of $0.80 by $0.06. Halliburton had a return on equity of 31.59% and a net margin of 11.46%. The firm had revenue of $5.74 billion for the quarter, compared to the consensus estimate of $5.78 billion. During the same quarter in the previous year, the business earned $0.72 EPS. The company’s revenue was up 2.8% compared to the same quarter last year. As a group, equities research analysts predict that Halliburton will post 3.43 EPS for the current fiscal year.

Institutional Investors Weigh In On Halliburton

Institutional investors and hedge funds have recently made changes to their positions in the company. Capital World Investors grew its position in Halliburton by 47.1% in the 2nd quarter. Capital World Investors now owns 114,407,642 shares of the oilfield services company’s stock worth $3,774,308,000 after purchasing an additional 36,640,866 shares during the period. Boston Partners grew its position in Halliburton by 4.5% in the 2nd quarter. Boston Partners now owns 25,748,754 shares of the oilfield services company’s stock worth $853,795,000 after purchasing an additional 1,120,274 shares during the period. Sanders Capital LLC grew its position in Halliburton by 3.4% in the 4th quarter. Sanders Capital LLC now owns 23,538,783 shares of the oilfield services company’s stock worth $850,927,000 after purchasing an additional 782,093 shares during the period. Geode Capital Management LLC grew its position in Halliburton by 2.1% in the 2nd quarter. Geode Capital Management LLC now owns 19,079,068 shares of the oilfield services company’s stock worth $627,759,000 after purchasing an additional 387,735 shares during the period. Finally, Morgan Stanley grew its position in Halliburton by 65.5% in the 4th quarter. Morgan Stanley now owns 17,217,776 shares of the oilfield services company’s stock worth $677,520,000 after purchasing an additional 6,815,373 shares during the period. Institutional investors own 82.09% of the company’s stock.

About Halliburton

(Get Free Report)

Halliburton Company provides products and services to the energy industry worldwide. It operates in two segments, Completion and Production, and Drilling and Evaluation. The Completion and Production segment offers production enhancement services that include stimulation and sand control services; cementing services, such as well bonding and casing, and casing equipment; completion tools that offer downhole solutions and services, including well completion products and services, intelligent well completions, and service tools, as well as liner hanger, sand control, and multilateral systems; production solutions comprising coiled tubing, hydraulic workover units, downhole tools, and pumping and nitrogen services; and pipeline and process services, such as pre-commissioning, commissioning, maintenance, and decommissioning.

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Analyst Recommendations for Halliburton (NYSE:HAL)

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