Halliburton (NYSE:HAL) Raised to “Overweight” at Barclays

Halliburton (NYSE:HAL) was upgraded by Barclays from an “equal weight” rating to an “overweight” rating in a research report issued to clients and investors on Thursday, Marketbeat.com reports. The firm currently has a $55.00 price objective on the oilfield services company’s stock, up from their prior price objective of $37.00. Barclays‘s price target points to a potential upside of 38.04% from the company’s current price.

Other research analysts have also issued research reports about the company. Susquehanna lifted their price target on Halliburton from $40.00 to $45.00 and gave the stock a “positive” rating in a research report on Tuesday, April 7th. Rothschild & Co Redburn upped their price objective on Halliburton from $35.00 to $40.00 and gave the company a “buy” rating in a research report on Wednesday, February 18th. HSBC raised their price objective on Halliburton from $40.00 to $46.00 and gave the company a “buy” rating in a research note on Wednesday, April 22nd. Griffin Securities raised Halliburton from a “neutral” rating to a “buy” rating and set a $47.00 target price on the stock in a research report on Wednesday, April 22nd. Finally, Zephirin Group increased their price target on Halliburton from $30.00 to $31.00 and gave the company a “sell” rating in a report on Wednesday, April 22nd. Eighteen investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Halliburton has a consensus rating of “Moderate Buy” and a consensus target price of $41.91.

Halliburton Price Performance

Shares of NYSE:HAL opened at $39.84 on Thursday. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.54 and a current ratio of 2.08. Halliburton has a fifty-two week low of $19.38 and a fifty-two week high of $42.46. The firm has a fifty day moving average price of $37.58 and a 200 day moving average price of $32.52. The firm has a market cap of $33.29 billion, a price-to-earnings ratio of 21.89, a P/E/G ratio of 1.71 and a beta of 0.73.

Halliburton (NYSE:HAL) last issued 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 net margin of 6.95% and a return on equity of 19.04%. The business had revenue of $5.40 billion during the quarter, compared to analysts’ expectations of $5.37 billion. During the same period last year, the company posted $0.60 EPS. The business’s revenue was down .3% on a year-over-year basis. As a group, sell-side analysts expect that Halliburton will post 2.32 earnings per share for the current fiscal year.

Insider Transactions at Halliburton

In other Halliburton news, Director Tobi M. Young sold 6,125 shares of the company’s stock in a transaction on Thursday, April 30th. The stock was sold at an average price of $41.72, for a total value of $255,535.00. Following the transaction, the director owned 15,250 shares of the company’s stock, valued at $636,230. This represents a 28.65% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, VP Timothy Mckeon sold 8,655 shares of the stock in a transaction on Thursday, April 30th. The stock was sold at an average price of $42.00, for a total value of $363,510.00. Following the completion of the sale, the vice president owned 72,976 shares in the company, valued at approximately $3,064,992. The trade was a 10.60% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 222,488 shares of company stock valued at $8,789,305. Company insiders own 0.57% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Annis Gardner Whiting Capital Advisors LLC boosted its position in Halliburton by 10.2% in the 1st quarter. Annis Gardner Whiting Capital Advisors LLC now owns 2,794 shares of the oilfield services company’s stock valued at $109,000 after buying an additional 258 shares during the period. Vermillion Wealth Management Inc. increased its position in shares of Halliburton by 24.8% during the fourth quarter. Vermillion Wealth Management Inc. now owns 1,456 shares of the oilfield services company’s stock worth $41,000 after acquiring an additional 289 shares during the period. Coldstream Capital Management Inc. raised its stake in shares of Halliburton by 1.5% during the fourth quarter. Coldstream Capital Management Inc. now owns 23,312 shares of the oilfield services company’s stock valued at $659,000 after acquiring an additional 349 shares in the last quarter. Harbour Investments Inc. boosted its holdings in shares of Halliburton by 7.3% in the fourth quarter. Harbour Investments Inc. now owns 5,320 shares of the oilfield services company’s stock valued at $150,000 after purchasing an additional 361 shares during the period. Finally, Kingsview Wealth Management LLC boosted its holdings in shares of Halliburton by 3.7% in the fourth quarter. Kingsview Wealth Management LLC now owns 10,363 shares of the oilfield services company’s stock valued at $293,000 after purchasing an additional 365 shares during the period. 85.23% of the stock is currently owned by institutional investors.

Halliburton News Summary

Here are the key news stories impacting Halliburton this week:

• Positive Sentiment: Barclays upgraded Halliburton to overweight and raised its price target to $55, signaling stronger confidence in the company’s upside. Barclays upgrade coverage
• Positive Sentiment: Broader analyst sentiment has improved, with multiple firms raising price targets and Halliburton’s latest earnings topping expectations.
• Neutral Sentiment: An insider sold 20,348 shares, but the transaction was made under a pre-arranged trading plan, making it less likely to reflect a negative change in the company’s outlook. Insider sale details
• Neutral Sentiment: New articles highlighting Halliburton’s trend status and valuation story reflect renewed market attention rather than a specific company event. Wall Street bullish or bearish article

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.