Halliburton (NYSE:HAL) Receives $33.84 Consensus PT from Brokerages

Halliburton (NYSE:HAL) has earned a consensus recommendation of “Moderate Buy” from the twenty-one analysts that are covering the stock, Marketbeat reports. Seven equities research analysts have rated the stock with a hold recommendation and fourteen have issued a buy recommendation on the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $33.84.

Several equities research analysts recently issued reports on HAL shares. Hsbc Global Res raised shares of Halliburton to a “hold” rating in a report on Wednesday, April 23rd. Royal Bank of Canada reissued a “sector perform” rating and issued a $34.00 target price on shares of Halliburton in a report on Thursday, January 23rd. Stifel Nicolaus reduced their target price on shares of Halliburton from $37.00 to $32.00 and set a “buy” rating for the company in a report on Wednesday, April 23rd. The Goldman Sachs Group reduced their target price on shares of Halliburton from $27.00 to $24.00 and set a “buy” rating for the company in a report on Friday, May 2nd. Finally, Evercore ISI reduced their target price on shares of Halliburton from $43.00 to $35.00 and set an “outperform” rating for the company in a report on Wednesday, January 15th.

Insider Activity

In other news, CFO Eric Carre sold 51,179 shares of the stock in a transaction that occurred on Friday, March 14th. The stock was sold at an average price of $25.00, for a total transaction of $1,279,475.00. Following the completion of the transaction, the chief financial officer now directly owns 127,101 shares in the company, valued at approximately $3,177,525. This represents a 28.71% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Timothy Mckeon sold 10,497 shares of the stock in a transaction on Friday, March 7th. The shares were sold at an average price of $24.60, for a total value of $258,226.20. Following the sale, the vice president now owns 77,784 shares in the company, valued at $1,913,486.40. The trade was a 11.89% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 65,576 shares of company stock worth $1,631,457. 0.61% of the stock is currently owned by insiders.

Institutional Trading of Halliburton

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Mascagni Wealth Management Inc. purchased a new stake in Halliburton during the 4th quarter valued at $28,000. Stone House Investment Management LLC purchased a new stake in Halliburton during the 1st quarter valued at $30,000. Horrell Capital Management Inc. purchased a new stake in Halliburton during the 4th quarter valued at $33,000. Sierra Ocean LLC purchased a new stake in Halliburton in the fourth quarter worth $36,000. Finally, Hexagon Capital Partners LLC increased its stake in Halliburton by 87.4% in the first quarter. Hexagon Capital Partners LLC now owns 1,407 shares of the oilfield services company’s stock worth $36,000 after purchasing an additional 656 shares during the period. Hedge funds and other institutional investors own 85.23% of the company’s stock.

Halliburton Price Performance

NYSE HAL opened at $21.30 on Wednesday. Halliburton has a 52 week low of $18.72 and a 52 week high of $38.35. The firm has a market capitalization of $18.31 billion, a P/E ratio of 7.53, a PEG ratio of 3.79 and a beta of 1.19. The company has a quick ratio of 1.54, a current ratio of 2.05 and a debt-to-equity ratio of 0.68. The company has a 50-day moving average price of $22.42 and a 200-day moving average price of $26.05.

Halliburton (NYSE:HAL) last released its quarterly earnings results on Tuesday, April 22nd. The oilfield services company reported $0.60 EPS for the quarter, meeting the consensus estimate of $0.60. The firm had revenue of $5.42 billion during the quarter, compared to analyst estimates of $5.28 billion. Halliburton had a net margin of 10.90% and a return on equity of 26.03%. Equities research analysts anticipate that Halliburton will post 2.64 earnings per share for the current year.

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.