Several other equities research analysts also recently weighed in on the company. Stifel Nicolaus increased their price objective on Halliburton from $11.00 to $17.00 and gave the company a buy rating in a report on Tuesday, July 21st. Citigroup raised their price target on Halliburton from $7.50 to $12.00 and gave the company a neutral rating in a research report on Thursday, June 25th. Morgan Stanley raised their price target on Halliburton from $12.00 to $14.00 and gave the company an equal weight rating in a research report on Tuesday, July 21st. Zacks Investment Research upgraded Halliburton from a hold rating to a buy rating and set a $13.00 price target for the company in a research report on Tuesday, June 2nd. Finally, Northland Securities started coverage on Halliburton in a research report on Friday, May 29th. They issued a market perform rating and a $11.00 price target for the company. Two investment analysts have rated the stock with a sell rating, eighteen have given a hold rating, seven have given a buy rating and two have given a strong buy rating to the company. Halliburton currently has a consensus rating of Hold and an average price target of $13.60.
Halliburton stock opened at $15.92 on Monday. Halliburton has a 52-week low of $4.25 and a 52-week high of $25.47. The firm has a market capitalization of $14.49 billion, a price-to-earnings ratio of -3.47, a PEG ratio of 4.66 and a beta of 2.55. The company has a fifty day simple moving average of $14.18 and a 200-day simple moving average of $12.84. The company has a quick ratio of 1.55, a current ratio of 2.22 and a debt-to-equity ratio of 2.00.
Halliburton (NYSE:HAL) last issued its quarterly earnings results on Monday, July 20th. The oilfield services company reported $0.05 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.11) by $0.16. The company had revenue of $3.20 billion for the quarter, compared to analyst estimates of $3.35 billion. Halliburton had a negative net margin of 21.35% and a positive return on equity of 12.02%. The business’s revenue for the quarter was down 46.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.35 earnings per share. On average, research analysts anticipate that Halliburton will post 0.54 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 23rd. Shareholders of record on Wednesday, September 2nd will be given a dividend of $0.045 per share. The ex-dividend date of this dividend is Tuesday, September 1st. This represents a $0.18 dividend on an annualized basis and a yield of 1.13%. Halliburton’s dividend payout ratio (DPR) is presently 14.52%.
Several institutional investors have recently made changes to their positions in HAL. Verus Capital Partners LLC lifted its holdings in shares of Halliburton by 568.4% in the first quarter. Verus Capital Partners LLC now owns 3,696 shares of the oilfield services company’s stock valued at $25,000 after buying an additional 3,143 shares during the period. Gemmer Asset Management LLC lifted its position in shares of Halliburton by 63.6% in the 2nd quarter. Gemmer Asset Management LLC now owns 1,898 shares of the oilfield services company’s stock worth $25,000 after acquiring an additional 738 shares during the period. Stephenson National Bank & Trust bought a new stake in shares of Halliburton in the 2nd quarter worth approximately $27,000. Center for Financial Planning Inc. bought a new stake in shares of Halliburton in the 2nd quarter worth approximately $27,000. Finally, Meeder Asset Management Inc. lifted its position in shares of Halliburton by 54.6% in the 1st quarter. Meeder Asset Management Inc. now owns 4,263 shares of the oilfield services company’s stock worth $29,000 after acquiring an additional 1,506 shares during the period. Institutional investors and hedge funds own 74.53% of the company’s stock.
Halliburton Company Profile
Halliburton Company provides a range of services and products to oil and natural gas companies worldwide. The company's Completion and Production segment offers production enhancement services, including stimulation and sand control services; and cementing services, such as bonding the well, well casing, and casing equipment.
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