Halliburton (NYSE:HAL) Rating Reiterated by Susquehanna

Halliburton (NYSE:HAL – Get Rating)‘s stock had its “positive” rating reissued by stock analysts at Susquehanna in a research note issued on Tuesday, Benzinga reports. They presently have a $57.00 price objective on the oilfield services company’s stock. Susquehanna’s price target points to a potential upside of 87.44% from the stock’s current price.

Several other analysts also recently commented on the company. StockNews.com upgraded Halliburton from a “hold” rating to a “buy” rating in a research note on Wednesday, January 25th. Piper Sandler lifted their price objective on shares of Halliburton from $43.00 to $48.00 and gave the company an “overweight” rating in a research note on Friday, November 18th. Wells Fargo & Company boosted their price target on shares of Halliburton from $52.00 to $54.00 and gave the company an “overweight” rating in a research report on Wednesday, January 25th. Raymond James initiated coverage on shares of Halliburton in a research report on Friday, December 9th. They issued a “strong-buy” rating and a $53.00 target price for the company. Finally, Wolfe Research raised shares of Halliburton from an “underperform” rating to an “outperform” rating and set a $51.00 price target for the company in a research note on Thursday, January 12th. One analyst has rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Halliburton currently has an average rating of “Buy” and a consensus price target of $48.67.

Halliburton Price Performance

Halliburton stock opened at $30.41 on Tuesday. Halliburton has a 12 month low of $23.30 and a 12 month high of $43.99. The stock’s 50 day moving average is $38.61 and its 200-day moving average is $35.33. The company has a current ratio of 2.05, a quick ratio of 1.50 and a debt-to-equity ratio of 0.99. The company has a market capitalization of $27.49 billion, a price-to-earnings ratio of 17.58, a PEG ratio of 0.26 and a beta of 2.12.

Halliburton (NYSE:HAL – Get Rating) last issued its quarterly earnings results on Tuesday, January 24th. The oilfield services company reported $0.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.67 by $0.05. Halliburton had a return on equity of 26.25% and a net margin of 7.74%. The business had revenue of $5.58 billion for the quarter, compared to the consensus estimate of $5.59 billion. During the same quarter in the prior year, the business posted $0.92 earnings per share. The firm’s quarterly revenue was up 30.5% compared to the same quarter last year. Equities research analysts expect that Halliburton will post 3.08 EPS for the current year.

Insider Activity at Halliburton

In other Halliburton news, EVP Van H. Beckwith sold 9,006 shares of the firm’s stock in a transaction that occurred on Tuesday, December 20th. The shares were sold at an average price of $37.75, for a total transaction of $339,976.50. Following the sale, the executive vice president now owns 234,691 shares of the company’s stock, valued at $8,859,585.25. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, CFO Eric Carre sold 12,325 shares of the business’s stock in a transaction dated Friday, January 6th. The shares were sold at an average price of $39.91, for a total value of $491,890.75. Following the completion of the transaction, the chief financial officer now owns 128,178 shares of the company’s stock, valued at approximately $5,115,583.98. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Van H. Beckwith sold 9,006 shares of Halliburton stock in a transaction dated Tuesday, December 20th. The shares were sold at an average price of $37.75, for a total value of $339,976.50. Following the completion of the sale, the executive vice president now owns 234,691 shares of the company’s stock, valued at approximately $8,859,585.25. The disclosure for this sale can be found here. Insiders have sold a total of 44,878 shares of company stock valued at $1,763,947 over the last 90 days. 0.57% of the stock is owned by corporate insiders.

Institutional Trading of Halliburton

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. State Street Corp grew its holdings in Halliburton by 2.1% in the 3rd quarter. State Street Corp now owns 59,383,523 shares of the oilfield services company’s stock valued at $1,462,022,000 after buying an additional 1,241,290 shares during the period. FMR LLC grew its holdings in shares of Halliburton by 29.1% during the 2nd quarter. FMR LLC now owns 53,246,045 shares of the oilfield services company’s stock worth $1,669,796,000 after purchasing an additional 12,006,012 shares during the period. Sanders Capital LLC grew its holdings in shares of Halliburton by 3.0% during the 3rd quarter. Sanders Capital LLC now owns 21,366,658 shares of the oilfield services company’s stock worth $526,047,000 after purchasing an additional 622,878 shares during the period. Geode Capital Management LLC grew its holdings in shares of Halliburton by 1.1% during the 4th quarter. Geode Capital Management LLC now owns 18,419,615 shares of the oilfield services company’s stock worth $723,486,000 after purchasing an additional 198,925 shares during the period. Finally, Morgan Stanley grew its holdings in shares of Halliburton by 65.5% during the 4th quarter. Morgan Stanley now owns 17,217,776 shares of the oilfield services company’s stock worth $677,520,000 after purchasing an additional 6,815,373 shares during the period. Hedge funds and other institutional investors own 80.56% of the company’s stock.

About Halliburton

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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 Completion and Production, and Drilling and Evaluation segments. The Completion and Production segment delivers cementing, stimulation, intervention, pressure control, specialty chemicals, artificial lift, and completion services.