Halliburton Company (NYSE:HAL – Get Free Report) EVP Van Beckwith sold 198,349 shares of the business’s stock in a transaction dated Friday, May 15th. The stock was sold at an average price of $41.29, for a total value of $8,189,830.21. Following the transaction, the executive vice president directly owned 146,186 shares of the company’s stock, valued at approximately $6,036,019.94. This represents a 57.57% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Halliburton Stock Performance
Shares of Halliburton stock opened at $42.27 on Thursday. Halliburton Company has a one year low of $19.38 and a one year high of $43.59. The company has a market cap of $35.31 billion, a PE ratio of 23.22, a P/E/G ratio of 1.88 and a beta of 0.73. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.54 and a current ratio of 2.08. The business has a 50-day simple moving average of $38.74 and a 200-day simple moving average of $33.49.
Halliburton (NYSE:HAL – Get Free Report) last announced its quarterly earnings data on Tuesday, April 21st. The oilfield services company reported $0.55 EPS for the quarter, topping analysts’ consensus estimates of $0.50 by $0.05. Halliburton had a return on equity of 19.04% and a net margin of 6.95%.The business had revenue of $5.40 billion during the quarter, compared to the consensus estimate of $5.37 billion. During the same period in the previous year, the company posted $0.60 earnings per share. The business’s revenue for the quarter was down .3% on a year-over-year basis. On average, equities research analysts forecast that Halliburton Company will post 2.32 EPS for the current fiscal year.
Institutional Investors Weigh In On Halliburton
Wall Street Analyst Weigh In
HAL has been the subject of several recent analyst reports. Morgan Stanley boosted their target price on Halliburton from $40.00 to $42.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 22nd. TD Cowen boosted their target price on Halliburton from $40.00 to $48.00 and gave the stock a “buy” rating in a research note on Wednesday, April 22nd. Susquehanna boosted their target price on Halliburton from $40.00 to $45.00 and gave the stock a “positive” rating in a research note on Tuesday, April 7th. Argus boosted their target price on Halliburton from $39.00 to $45.00 and gave the stock a “buy” rating in a research note on Thursday, April 23rd. Finally, Piper Sandler boosted their target price on Halliburton from $34.00 to $40.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 15th. Eighteen equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $42.86.
View Our Latest Report on Halliburton
About Halliburton
Halliburton is one of the world’s largest providers of products and services to the energy industry, offering a broad portfolio that supports the lifecycle of oil and gas reservoirs from exploration and drilling through production and abandonment. Founded in 1919 by Erle P. Halliburton as an oil-well cementing company, the firm is headquartered in Houston, Texas and has developed into an integrated oilfield services company serving upstream operators globally.
The company’s activities encompass drilling and evaluation, well construction and completion, production enhancement and well intervention.
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