Halliburton (NYSE:HAL) – Analysts at Piper Sandler increased their Q4 2021 EPS estimates for shares of Halliburton in a report released on Thursday, June 25th. Piper Sandler analyst B. Herbert now expects that the oilfield services company will post earnings of $0.08 per share for the quarter, up from their prior estimate of $0.04. Piper Sandler currently has a “Neutral” rating and a $5.00 price objective on the stock.
Several other brokerages have also issued reports on HAL. UBS Group lowered Halliburton from a “neutral” rating to a “sell” rating and set a $7.50 price target on the stock. in a research note on Tuesday, May 26th. Citigroup boosted their price target on Halliburton from $7.50 to $12.00 and gave the company a “neutral” rating in a research note on Thursday, June 25th. Morgan Stanley lowered Halliburton from an “overweight” rating to an “equal weight” rating and dropped their price target for the company from $27.00 to $10.00 in a research note on Monday, March 16th. Zacks Investment Research raised Halliburton from a “hold” rating to a “buy” rating and set a $13.00 price target on the stock in a research note on Tuesday, June 2nd. Finally, Stephens lowered Halliburton to a “hold” rating and set a $6.00 price target on the stock. in a research note on Friday, March 20th. Two research analysts have rated the stock with a sell rating, twenty-one have issued a hold rating and five have given a buy rating to the company. Halliburton presently has a consensus rating of “Hold” and an average price target of $12.77.
Shares of HAL stock opened at $12.42 on Monday. The business’s 50 day simple moving average is $12.32 and its 200 day simple moving average is $15.36. Halliburton has a one year low of $4.25 and a one year high of $25.47. The stock has a market capitalization of $11.39 billion, a PE ratio of -4.76 and a beta of 2.53. The company has a debt-to-equity ratio of 1.53, a current ratio of 2.11 and a quick ratio of 1.47.
Halliburton (NYSE:HAL) last announced its earnings results on Monday, April 20th. The oilfield services company reported $0.31 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.24 by $0.07. Halliburton had a positive return on equity of 13.50% and a negative net margin of 10.60%. The business had revenue of $5.04 billion for the quarter, compared to analysts’ expectations of $5.04 billion. During the same period in the prior year, the business posted $0.23 earnings per share. The firm’s revenue was down 12.2% on a year-over-year basis.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in HAL. Mason Street Advisors LLC grew its stake in Halliburton by 0.4% in the 4th quarter. Mason Street Advisors LLC now owns 125,243 shares of the oilfield services company’s stock valued at $3,065,000 after purchasing an additional 451 shares during the period. Utah Retirement Systems grew its stake in Halliburton by 0.4% in the 4th quarter. Utah Retirement Systems now owns 165,940 shares of the oilfield services company’s stock valued at $4,061,000 after purchasing an additional 600 shares during the period. Greenleaf Trust grew its stake in Halliburton by 4.0% in the 4th quarter. Greenleaf Trust now owns 17,639 shares of the oilfield services company’s stock valued at $432,000 after purchasing an additional 684 shares during the period. Captrust Financial Advisors grew its stake in Halliburton by 3.5% in the 4th quarter. Captrust Financial Advisors now owns 24,033 shares of the oilfield services company’s stock valued at $593,000 after purchasing an additional 803 shares during the period. Finally, Meeder Asset Management Inc. grew its stake in Halliburton by 53.5% in the 4th quarter. Meeder Asset Management Inc. now owns 2,757 shares of the oilfield services company’s stock valued at $67,000 after purchasing an additional 961 shares during the period. 74.55% of the stock is owned by institutional investors and hedge funds.
In related news, Director Murry Gerber purchased 350,000 shares of the stock in a transaction that occurred on Thursday, April 23rd. The stock was acquired at an average cost of $8.68 per share, with a total value of $3,038,000.00. Following the transaction, the director now owns 574,879 shares of the company’s stock, valued at approximately $4,989,949.72. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.48% of the company’s stock.
The business also recently declared a quarterly dividend, which was paid on Wednesday, June 24th. Investors of record on Wednesday, June 3rd were given a $0.045 dividend. This represents a $0.18 dividend on an annualized basis and a yield of 1.45%. The ex-dividend date was Tuesday, June 2nd. Halliburton’s payout ratio is currently 14.52%.
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.
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