Piper Jaffray Companies set a $33.00 price target on Halliburton (NYSE:HAL) in a report issued on Monday, The Fly reports. The firm currently has a hold rating on the oilfield services company’s stock.
Several other equities research analysts also recently commented on the stock. Morgan Stanley started coverage on shares of Halliburton in a research report on Tuesday, September 18th. They set an overweight rating and a $50.00 target price on the stock. JPMorgan Chase & Co. set a $60.00 target price on shares of Halliburton and gave the stock a buy rating in a research report on Monday, September 17th. Credit Suisse Group set a $51.00 target price on shares of Halliburton and gave the stock a buy rating in a research report on Thursday, September 6th. Wells Fargo & Co reiterated a buy rating on shares of Halliburton in a research report on Friday, September 7th. Finally, Macquarie set a $40.00 price target on shares of Halliburton and gave the stock a hold rating in a research report on Tuesday, October 23rd. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, twenty-one have issued a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of Buy and a consensus target price of $50.48.
HAL opened at $29.09 on Monday. Halliburton has a 1-year low of $28.17 and a 1-year high of $57.86. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.73 and a current ratio of 2.31. The company has a market capitalization of $25.41 billion, a PE ratio of 23.84, a P/E/G ratio of 0.85 and a beta of 1.06.
Halliburton (NYSE:HAL) last posted its quarterly earnings results on Monday, October 22nd. The oilfield services company reported $0.50 earnings per share for the quarter, beating analysts’ consensus estimates of $0.49 by $0.01. Halliburton had a net margin of 0.70% and a return on equity of 20.42%. The company had revenue of $6.17 billion for the quarter, compared to the consensus estimate of $6.10 billion. During the same period last year, the company posted $0.42 EPS. The firm’s quarterly revenue was up 13.4% compared to the same quarter last year. On average, analysts expect that Halliburton will post 1.86 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 27th. Stockholders of record on Thursday, December 6th will be paid a $0.18 dividend. The ex-dividend date of this dividend is Wednesday, December 5th. This represents a $0.72 annualized dividend and a dividend yield of 2.48%. Halliburton’s dividend payout ratio is currently 59.02%.
In other news, VP Anne L. Beaty sold 1,210 shares of Halliburton stock in a transaction on Thursday, November 8th. The shares were sold at an average price of $36.23, for a total value of $43,838.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider James S. Brown sold 15,989 shares of Halliburton stock in a transaction on Thursday, September 20th. The shares were sold at an average price of $40.53, for a total transaction of $648,034.17. The disclosure for this sale can be found here. Insiders sold a total of 24,928 shares of company stock valued at $940,407 in the last quarter. 0.54% of the stock is currently owned by company insiders.
Large investors have recently added to or reduced their stakes in the company. IMS Capital Management bought a new stake in shares of Halliburton in the 3rd quarter valued at $46,000. Investment Partners LTD. bought a new stake in shares of Halliburton in the 3rd quarter valued at $249,000. Avestar Capital LLC increased its stake in shares of Halliburton by 1,159.6% in the 2nd quarter. Avestar Capital LLC now owns 2,368 shares of the oilfield services company’s stock valued at $105,000 after acquiring an additional 2,180 shares in the last quarter. Sun Life Financial INC increased its stake in shares of Halliburton by 1,170.1% in the 2nd quarter. Sun Life Financial INC now owns 2,375 shares of the oilfield services company’s stock valued at $107,000 after acquiring an additional 2,188 shares in the last quarter. Finally, Honkamp Krueger Financial Services Inc. bought a new stake in shares of Halliburton in the 3rd quarter valued at $103,000. Institutional investors own 78.08% of the company’s stock.
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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