Halliburton Co. (NYSE:HAL) was downgraded by equities research analysts at Vetr from a “buy” rating to a “hold” rating in a report issued on Thursday. They presently have a $46.86 target price on the oilfield services company’s stock. Vetr‘s price target points to a potential upside of 1.30% from the company’s current price.
HAL has been the topic of a number of other research reports. Societe Generale lowered shares of Halliburton from a “buy” rating to a “hold” rating and raised their price objective for the company from $46.00 to $50.00 in a research note on Monday, July 18th. Howard Weil raised their price objective on shares of Halliburton from $37.00 to $45.00 and gave the company a “sector perform” rating in a research note on Wednesday, June 15th. Nomura reiterated a “buy” rating and set a $53.00 price objective on shares of Halliburton in a research note on Thursday, July 21st. Simmons raised their price objective on shares of Halliburton from $48.00 to $60.00 and gave the company an “overweight” rating in a research note on Tuesday, June 21st. Finally, Goldman Sachs Group Inc. reiterated a “buy” rating and set a $46.00 price objective on shares of Halliburton in a research note on Wednesday, June 15th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, twenty-seven have assigned a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $46.89.
Halliburton (NYSE:HAL) opened at 46.26 on Thursday. The firm’s market capitalization is $39.83 billion. The firm has a 50-day moving average price of $43.47 and a 200 day moving average price of $42.16. Halliburton has a one year low of $27.64 and a one year high of $46.90.
Halliburton (NYSE:HAL) last posted its quarterly earnings data on Wednesday, July 20th. The oilfield services company reported ($0.14) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.19) by $0.05. Halliburton had a negative net margin of 30.50% and a positive return on equity of 3.55%. The business had revenue of $3.84 billion for the quarter, compared to analyst estimates of $3.76 billion. During the same quarter last year, the business earned $0.44 earnings per share. The business’s revenue for the quarter was down 35.2% on a year-over-year basis. Equities research analysts anticipate that Halliburton will post ($0.18) earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Wednesday, September 28th. Shareholders of record on Wednesday, September 7th were paid a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.56%. The ex-dividend date of this dividend was Friday, September 2nd. Halliburton’s dividend payout ratio is presently -10.86%.
Several institutional investors have recently made changes to their positions in HAL. AMP Capital Investors Ltd increased its position in shares of Halliburton by 4.7% in the first quarter. AMP Capital Investors Ltd now owns 250,079 shares of the oilfield services company’s stock worth $9,007,000 after buying an additional 11,116 shares in the last quarter. Credit Agricole S A increased its stake in Halliburton by 46.8% in the first quarter. Credit Agricole S A now owns 972,360 shares of the oilfield services company’s stock worth $34,731,000 after buying an additional 310,195 shares during the period. ING Groep NV increased its stake in Halliburton by 257.6% in the first quarter. ING Groep NV now owns 61,475 shares of the oilfield services company’s stock worth $2,197,000 after buying an additional 44,283 shares during the period. Investec Asset Management LTD increased its stake in Halliburton by 162.0% in the first quarter. Investec Asset Management LTD now owns 624,419 shares of the oilfield services company’s stock worth $22,304,000 after buying an additional 386,094 shares during the period. Finally, Huntington Asset Advisors Inc. acquired a new stake in Halliburton during the first quarter worth $214,000. 79.64% of the stock is owned by institutional investors.
Halliburton Company Profile
Halliburton Company is a provider of services and products to the upstream oil and natural gas industry. The Company operates through two segments: the Completion and Production segment, and the Drilling and Evaluation segment. The Company’s Completion and Production segment delivers cementing, stimulation, intervention, pressure control, specialty chemicals, artificial lift, and completion products and services.
To view Vetr’s full report, visit Vetr’s official website.
Receive News & Ratings for Halliburton Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Halliburton Co. and related companies with MarketBeat.com's FREE daily email newsletter.