Halliburton Co. (NYSE:HAL) had its price target boosted by Citigroup Inc. from $52.00 to $57.00 in a research report sent to investors on Tuesday. They currently have a buy rating on the oilfield services company’s stock.
A number of other brokerages also recently weighed in on HAL. Vetr raised shares of Halliburton from a hold rating to a buy rating and set a $42.96 target price on the stock in a research note on Tuesday, September 27th. Jefferies Group set a $56.00 target price on shares of Halliburton and gave the company a buy rating in a research note on Wednesday, July 20th. KeyCorp reissued an overweight rating and set a $54.00 price target (up from $45.00) on shares of Halliburton in a research note on Tuesday, June 21st. Stephens reissued a top pick rating on shares of Halliburton in a research note on Friday, July 15th. Finally, Loop Capital assumed coverage on shares of Halliburton in a research note on Friday, September 30th. They set a buy rating on the stock. Two research analysts have rated the stock with a sell rating, eight have given a hold rating, twenty-eight have assigned a buy rating and one has assigned a strong buy rating to the company. Halliburton currently has a consensus rating of Buy and a consensus target price of $47.30.
Halliburton (NYSE:HAL) opened at 47.02 on Tuesday. Halliburton has a 52-week low of $27.64 and a 52-week high of $47.96. The company’s 50 day moving average is $43.66 and its 200-day moving average is $42.44. The firm’s market cap is $40.49 billion.
Halliburton (NYSE:HAL) last announced its earnings results on Wednesday, July 20th. The oilfield services company reported ($0.14) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.19) by $0.05. The business had revenue of $3.84 billion for the quarter, compared to the consensus estimate of $3.76 billion. Halliburton had a negative net margin of 30.50% and a positive return on equity of 3.55%. Halliburton’s quarterly revenue was down 35.2% on a year-over-year basis. During the same period last year, the firm posted $0.44 earnings per share. On average, equities analysts predict that Halliburton will post ($0.18) EPS for the current fiscal year.
In other Halliburton news, insider James S. Brown sold 28,439 shares of the company’s stock in a transaction on Monday, October 10th. The stock was sold at an average price of $47.00, for a total value of $1,336,633.00. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.46% of the stock is owned by company insiders.
A number of institutional investors have recently made changes to their positions in HAL. Brown Advisory Inc. increased its position in shares of Halliburton by 15.1% in the second quarter. Brown Advisory Inc. now owns 41,655 shares of the oilfield services company’s stock valued at $1,886,000 after buying an additional 5,472 shares during the period. Schroder Investment Management Group increased its position in shares of Halliburton by 497.8% in the second quarter. Schroder Investment Management Group now owns 2,473,431 shares of the oilfield services company’s stock valued at $112,022,000 after buying an additional 2,059,670 shares during the period. Meeder Asset Management Inc. acquired a new position in shares of Halliburton during the second quarter valued at approximately $904,000. Atalanta Sosnoff Capital LLC acquired a new position in shares of Halliburton during the second quarter valued at approximately $24,549,000. Finally, Public Employees Retirement Association of Colorado increased its position in shares of Halliburton by 57.6% in the second quarter. Public Employees Retirement Association of Colorado now owns 1,600,743 shares of the oilfield services company’s stock valued at $72,498,000 after buying an additional 585,342 shares during the period. 79.64% of the stock is currently owned by institutional investors.
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.
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