Brokerages Set Halliburton (NYSE:HAL) PT at $43.17

Shares of Halliburton (NYSE:HAL) have been assigned an average rating of “Moderate Buy” from the nineteen brokerages that are currently covering the stock, Marketbeat reports. Two investment analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $42.56.

A number of equities analysts recently weighed in on HAL shares. Stifel Nicolaus dropped their price target on Halliburton from $47.00 to $46.00 and set a “buy” rating on the stock in a research note on Tuesday, July 16th. Dbs Bank started coverage on Halliburton in a research report on Wednesday, September 18th. They set a “buy” rating and a $45.00 target price for the company. Evercore ISI decreased their target price on Halliburton from $52.00 to $48.00 and set an “outperform” rating for the company in a research report on Monday, July 22nd. StockNews.com cut Halliburton from a “buy” rating to a “hold” rating in a research report on Wednesday, July 3rd. Finally, Susquehanna decreased their target price on Halliburton from $49.00 to $46.00 and set a “positive” rating for the company in a research report on Monday, July 22nd.

Halliburton Stock Performance

HAL stock opened at $28.65 on Tuesday. The stock has a market capitalization of $25.36 billion, a price-to-earnings ratio of 9.91, a PEG ratio of 1.02 and a beta of 1.89. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.54 and a current ratio of 2.13. Halliburton has a 1 year low of $27.52 and a 1 year high of $43.85. The stock’s fifty day moving average is $30.82 and its two-hundred day moving average is $34.60.

Halliburton (NYSE:HAL) last released its earnings results on Friday, July 19th. The oilfield services company reported $0.80 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.80. The firm had revenue of $5.83 billion for the quarter, compared to analyst estimates of $5.95 billion. Halliburton had a return on equity of 29.97% and a net margin of 11.61%. Halliburton’s revenue was up .6% compared to the same quarter last year. During the same period in the previous year, the company earned $0.77 earnings per share. On average, research analysts predict that Halliburton will post 3.14 EPS for the current year.

Halliburton Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 25th. Stockholders of record on Wednesday, September 4th were issued a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 2.37%. The ex-dividend date was Wednesday, September 4th. Halliburton’s payout ratio is presently 23.53%.

Insider Activity at Halliburton

In related news, EVP Van H. Beckwith sold 10,000 shares of the firm’s stock in a transaction dated Thursday, July 18th. The stock was sold at an average price of $36.75, for a total value of $367,500.00. Following the transaction, the executive vice president now owns 273,908 shares in the company, valued at $10,066,119. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.61% of the stock is owned by company insiders.

Hedge Funds Weigh In On Halliburton

Several hedge funds have recently added to or reduced their stakes in the stock. Sanctuary Advisors LLC acquired a new position in Halliburton in the second quarter valued at about $2,257,000. New Wave Wealth Advisors LLC acquired a new stake in Halliburton in the 2nd quarter valued at approximately $521,000. Truist Financial Corp raised its position in Halliburton by 20.9% in the 2nd quarter. Truist Financial Corp now owns 1,490,642 shares of the oilfield services company’s stock valued at $50,354,000 after buying an additional 257,403 shares during the last quarter. Brandes Investment Partners LP raised its position in Halliburton by 15.1% in the 2nd quarter. Brandes Investment Partners LP now owns 4,279,478 shares of the oilfield services company’s stock valued at $144,516,000 after buying an additional 560,325 shares during the last quarter. Finally, Quarry LP acquired a new stake in Halliburton in the 2nd quarter valued at approximately $184,000. Institutional investors and hedge funds 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.