Benchmark Initiates Coverage on Halliburton (NYSE:HAL)

Equities researchers at Benchmark started coverage on shares of Halliburton (NYSE:HALGet Rating) in a research report issued to clients and investors on Thursday, MarketBeat Ratings reports. The brokerage set a “buy” rating and a $50.00 price target on the oilfield services company’s stock. Benchmark’s price objective suggests a potential upside of 22.88% from the company’s previous close.

Other research analysts have also recently issued reports about the company. Wells Fargo & Company raised Halliburton from an “equal weight” rating to an “overweight” rating and set a $52.00 target price for the company in a research report on Wednesday, October 26th. ATB Capital lifted their price objective on Halliburton to $49.00 in a report on Thursday, October 27th. Wolfe Research raised Halliburton from an “underperform” rating to an “outperform” rating and set a $51.00 price objective for the company in a report on Thursday, January 12th. Barclays lifted their price objective on Halliburton from $53.00 to $54.00 and gave the company an “overweight” rating in a report on Wednesday, October 26th. Finally, Morgan Stanley lifted their price objective on Halliburton from $43.00 to $45.00 and gave the company an “overweight” rating in a report on Wednesday, January 4th. Three equities research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Halliburton currently has a consensus rating of “Moderate Buy” and a consensus target price of $44.66.

Halliburton Stock Up 1.2 %

Shares of HAL stock opened at $40.69 on Thursday. The stock has a market cap of $36.95 billion, a P/E ratio of 21.08 and a beta of 2.14. Halliburton has a one year low of $23.30 and a one year high of $43.99. The stock has a fifty day moving average price of $38.16 and a 200 day moving average price of $32.94. The company has a debt-to-equity ratio of 1.04, a current ratio of 2.10 and a quick ratio of 1.52.

Halliburton (NYSE:HALGet Rating) last issued its earnings results on Tuesday, October 25th. The oilfield services company reported $0.60 EPS for the quarter, topping the consensus estimate of $0.56 by $0.04. The firm had revenue of $5.36 billion during the quarter, compared to analysts’ expectations of $5.33 billion. Halliburton had a return on equity of 22.69% and a net margin of 9.16%. Analysts predict that Halliburton will post 2.11 earnings per share for the current year.

Insider Buying and Selling

In related news, EVP Van H. Beckwith sold 4,295 shares of Halliburton stock in a transaction dated Tuesday, January 17th. The stock was sold at an average price of $42.60, for a total value of $182,967.00. Following the completion of the sale, the executive vice president now directly owns 245,731 shares in the company, valued at $10,468,140.60. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In related news, EVP Van H. Beckwith sold 4,295 shares of Halliburton stock in a transaction dated Tuesday, January 17th. The stock was sold at an average price of $42.60, for a total value of $182,967.00. Following the completion of the sale, the executive vice president now directly owns 245,731 shares in the company, valued at $10,468,140.60. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Van H. Beckwith sold 4,493 shares of Halliburton stock in a transaction dated Thursday, January 19th. The stock was sold at an average price of $40.41, for a total value of $181,562.13. Following the completion of the sale, the executive vice president now owns 191,334 shares of the company’s stock, valued at $7,731,806.94. The disclosure for this sale can be found here. Insiders sold a total of 59,153 shares of company stock worth $2,305,715 over the last three months. 0.57% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Halliburton

Several institutional investors have recently modified their holdings of HAL. EWG Elevate Inc. acquired a new position in shares of Halliburton during the 4th quarter worth about $25,000. Worth Asset Management LLC acquired a new position in shares of Halliburton during the 4th quarter worth about $27,000. Coston McIsaac & Partners acquired a new position in shares of Halliburton during the 2nd quarter worth about $28,000. Bogart Wealth LLC grew its position in shares of Halliburton by 100.0% during the 3rd quarter. Bogart Wealth LLC now owns 1,150 shares of the oilfield services company’s stock worth $28,000 after buying an additional 575 shares during the period. Finally, Global Retirement Partners LLC grew its position in shares of Halliburton by 115.1% during the 2nd quarter. Global Retirement Partners LLC now owns 940 shares of the oilfield services company’s stock worth $29,000 after buying an additional 503 shares during the period. 80.56% of the stock is currently owned by institutional investors and hedge funds.

About Halliburton

(Get Rating)

Halliburton Co engages in the provision of services and products to the energy industry related to the exploration, development and production of oil and natural gas. It operates through the following segments: Completion and Production and Drilling and Evaluation. The Completion and Production segment delivers cementing, stimulation, intervention, pressure control, specialty chemicals, artificial lift and completion services.

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Analyst Recommendations for Halliburton (NYSE:HAL)

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