Halliburton (NYSE:HAL) Earns Buy Rating from Analysts at Dbs Bank

Dbs Bank started coverage on shares of Halliburton (NYSE:HAL) in a research note released on Wednesday morning, MarketBeat Ratings reports. The firm issued a buy rating and a $45.00 target price on the oilfield services company’s stock.

A number of other analysts also recently commented on HAL. Barclays cut their price objective on shares of Halliburton from $54.00 to $48.00 and set an overweight rating for the company in a report on Tuesday, July 23rd. The Goldman Sachs Group cut their price objective on shares of Halliburton from $47.00 to $40.00 and set a buy rating for the company in a report on Thursday, August 29th. StockNews.com downgraded shares of Halliburton from a buy rating to a hold rating in a report on Wednesday, July 3rd. JPMorgan Chase & Co. cut their price objective on shares of Halliburton from $45.00 to $40.00 and set an overweight rating for the company in a report on Monday, July 22nd. Finally, Morgan Stanley cut their price objective on shares of Halliburton from $45.00 to $35.00 and set an overweight rating for the company in a report on Monday, September 16th. Three research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of Moderate Buy and a consensus target price of $43.17.

Halliburton Stock Down 0.2 %

HAL opened at $29.47 on Wednesday. Halliburton has a twelve month low of $27.52 and a twelve month high of $43.85. The company has a quick ratio of 1.54, a current ratio of 2.13 and a debt-to-equity ratio of 0.76. The company has a 50-day moving average price of $31.48 and a 200 day moving average price of $34.84. The company has a market cap of $26.09 billion, a PE ratio of 10.20, a price-to-earnings-growth ratio of 0.95 and a beta of 1.89.

Halliburton (NYSE:HAL) last released its quarterly earnings results on Friday, July 19th. The oilfield services company reported $0.80 earnings per share for the quarter, hitting the consensus estimate of $0.80. Halliburton had a net margin of 11.61% and a return on equity of 29.97%. The firm had revenue of $5.83 billion during the quarter, compared to the consensus estimate of $5.95 billion. During the same quarter in the prior year, the firm earned $0.77 EPS. The company’s revenue for the quarter was up .6% on a year-over-year basis. Sell-side analysts expect that Halliburton will post 3.14 earnings per share for the current fiscal year.

Halliburton Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 25th. Investors of record on Wednesday, September 4th will be issued a $0.17 dividend. The ex-dividend date of this dividend is Wednesday, September 4th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.31%. Halliburton’s dividend payout ratio (DPR) is presently 23.53%.

Insider Activity

In other news, EVP Van H. Beckwith sold 10,000 shares of the stock in a transaction that occurred on Thursday, July 18th. The shares were sold at an average price of $36.75, for a total value of $367,500.00. Following the completion of the sale, the executive vice president now directly owns 273,908 shares of the company’s stock, valued at $10,066,119. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.61% of the company’s stock.

Hedge Funds Weigh In On Halliburton

Institutional investors and hedge funds have recently bought and sold shares of the stock. Capital World Investors lifted its position in Halliburton by 0.3% during the 1st quarter. Capital World Investors now owns 121,928,734 shares of the oilfield services company’s stock worth $4,806,431,000 after buying an additional 377,500 shares in the last quarter. Vanguard Group Inc. increased its stake in Halliburton by 2.7% during the 1st quarter. Vanguard Group Inc. now owns 100,274,105 shares of the oilfield services company’s stock worth $3,952,805,000 after purchasing an additional 2,618,740 shares in the last quarter. Price T Rowe Associates Inc. MD increased its stake in Halliburton by 46.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 61,090,055 shares of the oilfield services company’s stock worth $2,408,171,000 after purchasing an additional 19,237,784 shares in the last quarter. Sanders Capital LLC grew its stake in shares of Halliburton by 3.4% during the 4th quarter. Sanders Capital LLC now owns 23,538,783 shares of the oilfield services company’s stock worth $850,927,000 after acquiring an additional 782,093 shares in the last quarter. Finally, Pacer Advisors Inc. grew its stake in shares of Halliburton by 17,317.6% during the 2nd quarter. Pacer Advisors Inc. now owns 13,631,188 shares of the oilfield services company’s stock worth $460,462,000 after acquiring an additional 13,552,927 shares in the last quarter. Institutional investors own 85.23% of the company’s stock.

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.