Halliburton (NYSE:HAL) Given Average Rating of “Moderate Buy” by Analysts

Halliburton (NYSE:HAL) has been assigned a consensus recommendation of “Moderate Buy” from the twenty analysts that are currently covering the company, Marketbeat reports. Six investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating on the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $37.42.

A number of analysts recently issued reports on HAL shares. Piper Sandler began coverage on Halliburton in a research report on Thursday, December 19th. They issued an “overweight” rating and a $36.00 price target for the company. Barclays cut their price target on Halliburton from $32.00 to $30.00 and set an “equal weight” rating on the stock in a research note on Thursday, January 23rd. JPMorgan Chase & Co. lowered their price objective on shares of Halliburton from $35.00 to $33.00 and set an “overweight” rating for the company in a research note on Thursday, January 2nd. Wells Fargo & Company cut their target price on shares of Halliburton from $39.00 to $34.00 and set an “overweight” rating on the stock in a research report on Tuesday, December 17th. Finally, Susquehanna lowered their price target on shares of Halliburton from $42.00 to $40.00 and set a “positive” rating for the company in a research report on Friday, November 8th.

Hedge Funds Weigh In On Halliburton

Several institutional investors and hedge funds have recently modified their holdings of the stock. Sei Investments Co. raised its position in shares of Halliburton by 34.6% in the second quarter. Sei Investments Co. now owns 201,100 shares of the oilfield services company’s stock worth $6,793,000 after acquiring an additional 51,679 shares during the period. AQR Capital Management LLC boosted its position in Halliburton by 127.2% during the second quarter. AQR Capital Management LLC now owns 1,557,130 shares of the oilfield services company’s stock worth $52,600,000 after purchasing an additional 871,789 shares in the last quarter. MBB Public Markets I LLC acquired a new stake in Halliburton in the second quarter valued at approximately $2,248,000. Mackenzie Financial Corp raised its stake in shares of Halliburton by 105.2% during the 2nd quarter. Mackenzie Financial Corp now owns 186,961 shares of the oilfield services company’s stock worth $6,316,000 after buying an additional 95,864 shares during the period. Finally, Scientech Research LLC purchased a new position in shares of Halliburton during the 2nd quarter valued at approximately $365,000. Institutional investors and hedge funds own 85.23% of the company’s stock.

Halliburton Trading Down 2.1 %

Shares of HAL stock opened at $25.99 on Monday. The company has a debt-to-equity ratio of 0.68, a current ratio of 2.05 and a quick ratio of 1.54. The company has a market cap of $22.83 billion, a price-to-earnings ratio of 9.18, a PEG ratio of 3.65 and a beta of 1.91. Halliburton has a 1 year low of $25.51 and a 1 year high of $41.56. The firm has a fifty day moving average price of $28.35 and a 200-day moving average price of $29.70.

Halliburton (NYSE:HAL) last announced its quarterly earnings data on Thursday, November 7th. The oilfield services company reported $0.73 EPS for the quarter, missing the consensus estimate of $0.75 by ($0.02). Halliburton had a net margin of 10.90% and a return on equity of 26.03%. The firm had revenue of $5.70 billion for the quarter, compared to the consensus estimate of $5.83 billion. During the same quarter in the previous year, the business earned $0.79 earnings per share. The firm’s revenue for the quarter was down 1.8% on a year-over-year basis. As a group, equities analysts predict that Halliburton will post 2.67 earnings per share for the current year.

Halliburton Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 26th. Shareholders of record on Wednesday, December 4th were given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 2.62%. The ex-dividend date was Wednesday, December 4th. Halliburton’s dividend payout ratio is presently 24.03%.

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.