Halliburton (NYSE:HAL) Trading Up 1.5%

Shares of Halliburton (NYSE:HAL) traded up 1.5% during mid-day trading on Monday . The company traded as high as $37.48 and last traded at $37.27. 743,254 shares were traded during mid-day trading, a decline of 89% from the average session volume of 6,956,728 shares. The stock had previously closed at $36.73.

Wall Street Analyst Weigh In

HAL has been the topic of several recent analyst reports. Benchmark reissued a “buy” rating and set a $45.00 target price on shares of Halliburton in a research report on Wednesday, April 24th. Citigroup boosted their price target on shares of Halliburton from $45.00 to $50.00 and gave the company a “buy” rating in a research report on Wednesday, April 24th. StockNews.com lowered shares of Halliburton from a “buy” rating to a “hold” rating in a research note on Tuesday, April 30th. Jefferies Financial Group increased their target price on Halliburton from $49.00 to $50.00 and gave the stock a “buy” rating in a research report on Wednesday, May 1st. Finally, Raymond James dropped their price objective on Halliburton from $49.00 to $47.00 and set a “strong-buy” rating on the stock in a report on Wednesday, January 24th. Two research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $48.59.

Halliburton Trading Up 0.5 %

The stock has a market capitalization of $32.69 billion, a P/E ratio of 12.78, a price-to-earnings-growth ratio of 0.93 and a beta of 2.01. The stock’s fifty day moving average price is $38.12 and its two-hundred day moving average price is $37.10. The company has a current ratio of 2.12, a quick ratio of 1.52 and a debt-to-equity ratio of 0.79.

Halliburton (NYSE:HAL) last posted its quarterly earnings results on Tuesday, April 23rd. The oilfield services company reported $0.76 earnings per share for the quarter, topping the consensus estimate of $0.74 by $0.02. The business had revenue of $5.80 billion during the quarter, compared to the consensus estimate of $5.67 billion. Halliburton had a net margin of 11.20% and a return on equity of 30.84%. The firm’s revenue for the quarter was up 2.2% on a year-over-year basis. During the same period in the previous year, the firm posted $0.72 earnings per share. Equities research analysts forecast that Halliburton will post 3.39 EPS for the current year.

Insider Transactions at Halliburton

In related news, Director Margaret Katherine Banks sold 5,000 shares of the company’s stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $35.30, for a total transaction of $176,500.00. Following the completion of the sale, the director now directly owns 9,625 shares in the company, valued at approximately $339,762.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Halliburton news, Director Margaret Katherine Banks sold 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $35.30, for a total transaction of $176,500.00. Following the completion of the transaction, the director now owns 9,625 shares of the company’s stock, valued at approximately $339,762.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Jeffrey Allen Miller sold 377,000 shares of the stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $35.30, for a total value of $13,308,100.00. Following the completion of the sale, the chief executive officer now owns 759,015 shares of the company’s stock, valued at approximately $26,793,229.50. The disclosure for this sale can be found here. Company insiders own 0.61% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Rise Advisors LLC purchased a new stake in shares of Halliburton in the 1st quarter worth about $26,000. IAG Wealth Partners LLC bought a new position in Halliburton in the first quarter worth about $30,000. Johnson Financial Group Inc. bought a new position in Halliburton in the fourth quarter worth about $33,000. Ancora Advisors LLC lifted its holdings in Halliburton by 443.8% in the third quarter. Ancora Advisors LLC now owns 881 shares of the oilfield services company’s stock worth $36,000 after buying an additional 719 shares during the period. Finally, Princeton Global Asset Management LLC bought a new stake in Halliburton during the 4th quarter valued at approximately $36,000. 85.23% of the stock is owned by hedge funds and other institutional investors.

Halliburton Company Profile

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.