Halliburton (NYSE:HAL) Stock Price Up 1.5%

Halliburton (NYSE:HAL)’s stock price rose 1.5% during mid-day trading on Monday . The company traded as high as $37.48 and last traded at $37.27. Approximately 743,254 shares traded hands during trading, a decline of 89% from the average daily volume of 6,956,728 shares. The stock had previously closed at $36.73.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. UBS Group raised their target price on Halliburton from $46.00 to $51.00 and gave the stock a “buy” rating in a research note on Tuesday, April 23rd. Wells Fargo & Company reduced their price objective on shares of Halliburton from $50.00 to $49.00 and set an “overweight” rating for the company in a research note on Monday, April 29th. Raymond James lowered their target price on shares of Halliburton from $49.00 to $47.00 and set a “strong-buy” rating on the stock in a research note on Wednesday, January 24th. 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. Finally, StockNews.com downgraded Halliburton from a “buy” rating to a “hold” rating in a research report on Tuesday, April 30th. Two investment analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $48.59.

Halliburton Stock Down 0.4 %

The company has a market cap of $32.79 billion, a P/E ratio of 12.82, a P/E/G ratio of 0.93 and a beta of 2.01. The stock has a 50-day moving average of $38.16 and a two-hundred day moving average of $37.07. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.52 and a current ratio of 2.12.

Halliburton (NYSE:HAL) last announced its quarterly earnings data on Tuesday, April 23rd. The oilfield services company reported $0.76 earnings per share for the quarter, topping analysts’ consensus estimates of $0.74 by $0.02. Halliburton had a net margin of 11.20% and a return on equity of 30.84%. The firm had revenue of $5.80 billion during the quarter, compared to analyst estimates of $5.67 billion. During the same period in the previous year, the business posted $0.72 EPS. The business’s quarterly revenue was up 2.2% on a year-over-year basis. On average, research analysts anticipate that Halliburton will post 3.39 EPS for the current fiscal year.

Insider Buying and Selling at Halliburton

In other news, Director Margaret Katherine Banks sold 5,000 shares of Halliburton stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $35.30, for a total value of $176,500.00. Following the transaction, the director now owns 9,625 shares in the company, valued at $339,762.50. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other news, Director Margaret Katherine Banks sold 5,000 shares of the stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $35.30, for a total transaction of $176,500.00. Following the completion of the sale, the director now owns 9,625 shares of the company’s stock, valued at $339,762.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Jeffrey Allen Miller sold 377,000 shares of Halliburton stock in a transaction on Monday, March 4th. The stock was sold at an average price of $35.30, for a total transaction of $13,308,100.00. Following the completion of the transaction, the chief executive officer now directly owns 759,015 shares in the company, valued at $26,793,229.50. The disclosure for this sale can be found here. Company insiders own 0.61% of the company’s stock.

Institutional Trading of Halliburton

Large investors have recently modified their holdings of the business. Doheny Asset Management CA raised its position in Halliburton by 2.3% during the 1st quarter. Doheny Asset Management CA now owns 23,453 shares of the oilfield services company’s stock valued at $925,000 after purchasing an additional 531 shares during the last quarter. Bleakley Financial Group LLC grew its position in shares of Halliburton by 7.5% in the 1st quarter. Bleakley Financial Group LLC now owns 16,159 shares of the oilfield services company’s stock worth $637,000 after buying an additional 1,124 shares during the last quarter. Avantax Advisory Services Inc. increased its stake in shares of Halliburton by 64.0% during the first quarter. Avantax Advisory Services Inc. now owns 22,681 shares of the oilfield services company’s stock valued at $894,000 after buying an additional 8,854 shares during the period. Qsemble Capital Management LP purchased a new stake in Halliburton in the first quarter worth $643,000. Finally, QRG Capital Management Inc. boosted its holdings in Halliburton by 326.5% in the first quarter. QRG Capital Management Inc. now owns 35,610 shares of the oilfield services company’s stock valued at $1,404,000 after acquiring an additional 27,260 shares in the last quarter. 85.23% of the stock is owned by institutional investors.

About Halliburton

Halliburton Company provides products and services to the energy industry worldwide. It operates through 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; and 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.