Jefferies Group Analysts Give Halliburton (HAL) a $60.00 Price Target

Jefferies Group set a $60.00 price target on Halliburton (NYSE:HAL) in a research note issued to investors on Monday. The brokerage currently has a buy rating on the oilfield services company’s stock. Jefferies Group also issued estimates for Halliburton’s Q2 2018 earnings at $0.57 EPS, Q3 2018 earnings at $0.68 EPS, Q4 2018 earnings at $0.70 EPS, FY2018 earnings at $2.35 EPS, FY2019 earnings at $3.30 EPS and FY2020 earnings at $4.65 EPS.

HAL has been the topic of a number of other reports. Zacks Investment Research raised Halliburton from a sell rating to a hold rating in a research report on Wednesday, April 18th. Cowen reaffirmed a hold rating and set a $60.00 target price on shares of Halliburton in a research report on Tuesday, January 23rd. Bank of America upped their target price on Halliburton from $50.00 to $51.00 and gave the stock a neutral rating in a research report on Wednesday, April 18th. BMO Capital Markets reaffirmed a buy rating and set a $58.00 target price on shares of Halliburton in a research report on Tuesday, January 16th. Finally, ValuEngine lowered Halliburton from a hold rating to a sell rating in a research report on Friday, March 2nd. One investment analyst has rated the stock with a sell rating, six have given a hold rating and twenty-one have issued a buy rating to the company’s stock. The company currently has a consensus rating of Buy and a consensus target price of $58.71.

Shares of NYSE:HAL opened at $52.60 on Monday. The company has a current ratio of 2.22, a quick ratio of 1.72 and a debt-to-equity ratio of 1.24. Halliburton has a twelve month low of $38.18 and a twelve month high of $57.86. The company has a market cap of $44,944.12, a PE ratio of 43.11, a PEG ratio of 2.62 and a beta of 1.06.

Halliburton (NYSE:HAL) last issued its earnings results on Monday, April 23rd. The oilfield services company reported $0.41 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.41. Halliburton had a positive return on equity of 15.87% and a negative net margin of 1.74%. The company had revenue of $5.74 billion for the quarter, compared to analyst estimates of $5.74 billion. During the same period in the prior year, the firm earned $0.04 earnings per share. Halliburton’s revenue for the quarter was up 34.1% on a year-over-year basis. equities analysts predict that Halliburton will post 2.45 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 28th. Shareholders of record on Wednesday, March 7th were paid a $0.18 dividend. The ex-dividend date was Tuesday, March 6th. This represents a $0.72 dividend on an annualized basis and a yield of 1.37%. Halliburton’s dividend payout ratio (DPR) is presently 59.02%.

Large investors have recently made changes to their positions in the business. IFG Advisory LLC bought a new position in Halliburton in the 4th quarter valued at $253,000. Calton & Associates Inc. bought a new position in Halliburton in the 4th quarter valued at $128,000. Cerebellum GP LLC bought a new position in Halliburton in the 4th quarter valued at $131,000. Icon Wealth Partners LLC bought a new position in Halliburton in the 4th quarter valued at $147,000. Finally, Nicolet Bankshares Inc. bought a new position in Halliburton in the 4th quarter valued at $193,000. Hedge funds and other institutional investors own 80.25% of the company’s stock.

About Halliburton

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.

Analyst Recommendations for Halliburton (NYSE:HAL)

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