Shares of Halliburton (NYSE:HAL) have been assigned a consensus recommendation of “Buy” from the twenty-seven analysts that are presently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and twenty have assigned a buy rating to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $59.00.
HAL has been the subject of several analyst reports. Zacks Investment Research upgraded Halliburton from a “hold” rating to a “buy” rating and set a $52.00 price objective for the company in a research note on Tuesday, March 6th. ValuEngine lowered Halliburton from a “hold” rating to a “sell” rating in a research note on Thursday, March 8th. Cowen set a $54.00 price objective on Halliburton and gave the stock a “hold” rating in a research note on Thursday, March 15th. Jefferies Financial Group set a $62.00 price target on Halliburton and gave the stock a “buy” rating in a research note on Wednesday, April 4th. Finally, Bank of America increased their price target on Halliburton from $50.00 to $51.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 18th.
NYSE:HAL opened at $44.47 on Tuesday. The company has a quick ratio of 1.73, a current ratio of 2.22 and a debt-to-equity ratio of 1.24. The firm has a market capitalization of $39.47 billion, a PE ratio of 36.45, a P/E/G ratio of 2.28 and a beta of 1.04. Halliburton has a one year low of $38.18 and a one year high of $57.86.
Halliburton (NYSE:HAL) last posted its quarterly earnings data on Monday, April 23rd. The oilfield services company reported $0.41 EPS for the quarter, hitting the consensus estimate of $0.41. The firm had revenue of $5.74 billion during the quarter, compared to analyst estimates of $5.74 billion. Halliburton had a positive return on equity of 15.87% and a negative net margin of 1.74%. Halliburton’s revenue was up 34.1% on a year-over-year basis. During the same period in the prior year, the business posted $0.04 EPS. sell-side analysts expect that Halliburton will post 2.47 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 27th. Stockholders of record on Wednesday, June 6th were given a dividend of $0.18 per share. The ex-dividend date of this dividend was Tuesday, June 5th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.62%. Halliburton’s payout ratio is 59.02%.
Institutional investors have recently modified their holdings of the company. McKinley Carter Wealth Services Inc. purchased a new position in shares of Halliburton during the first quarter valued at about $129,000. CNB Bank grew its position in shares of Halliburton by 110.5% during the first quarter. CNB Bank now owns 2,991 shares of the oilfield services company’s stock valued at $140,000 after purchasing an additional 1,570 shares in the last quarter. Icon Wealth Partners LLC purchased a new position in shares of Halliburton during the fourth quarter valued at about $147,000. Princeton Capital Management LLC purchased a new position in shares of Halliburton during the first quarter valued at about $147,000. Finally, Rainier Group Investment Advisory LLC purchased a new position in shares of Halliburton during the first quarter valued at about $169,000. Hedge funds and other institutional investors own 79.50% of the company’s stock.
Halliburton Company Profile
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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