Halliburton (NYSE:HAL) Rating Increased to Buy at StockNews.com

Halliburton (NYSE:HAL) was upgraded by equities researchers at StockNews.com from a “hold” rating to a “buy” rating in a research report issued on Monday.

A number of other research firms also recently issued reports on HAL. UBS Group boosted their target price on shares of Halliburton from $44.00 to $48.00 in a research report on Monday, January 22nd. Barclays decreased their target price on shares of Halliburton from $55.00 to $54.00 and set an “overweight” rating for the company in a research report on Wednesday, January 24th. Royal Bank of Canada restated an “outperform” rating and set a $45.00 target price on shares of Halliburton in a research report on Wednesday, January 24th. Susquehanna reiterated a “positive” rating and issued a $49.00 price objective on shares of Halliburton in a research report on Monday, April 8th. Finally, TD Cowen upped their price objective on shares of Halliburton from $49.00 to $51.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 24th. One analyst has rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $49.00.

Halliburton Trading Down 0.4 %

NYSE:HAL opened at $38.58 on Monday. Halliburton has a 12 month low of $27.84 and a 12 month high of $43.85. The firm has a fifty day simple moving average of $37.66 and a 200-day simple moving average of $37.39. The company has a current ratio of 2.06, a quick ratio of 1.48 and a debt-to-equity ratio of 0.81. The company has a market capitalization of $34.20 billion, a P/E ratio of 13.17, a PEG ratio of 1.00 and a beta of 2.00.

Halliburton (NYSE:HAL) last posted its quarterly earnings data on Tuesday, January 23rd. The oilfield services company reported $0.86 EPS for the quarter, topping the consensus estimate of $0.80 by $0.06. The business had revenue of $5.74 billion during the quarter, compared to the consensus estimate of $5.78 billion. Halliburton had a net margin of 11.46% and a return on equity of 31.59%. The business’s revenue for the quarter was up 2.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.72 earnings per share. On average, equities research analysts anticipate that Halliburton will post 3.42 earnings per share for the current year.

Insider Activity at Halliburton

In related news, Director Margaret Katherine Banks sold 5,000 shares of the company’s stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $35.30, for a total transaction of $176,500.00. Following the completion of the sale, the director now owns 9,625 shares of the company’s stock, valued at approximately $339,762.50. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other Halliburton news, Director Margaret Katherine Banks sold 5,000 shares of the business’s stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $35.30, for a total value of $176,500.00. Following the transaction, the director now directly owns 9,625 shares in the company, valued at approximately $339,762.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Jeffrey Allen Miller sold 377,000 shares of the business’s stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $35.30, for a total transaction of $13,308,100.00. Following the completion of the transaction, the chief executive officer now owns 759,015 shares in the company, valued at $26,793,229.50. The disclosure for this sale can be found here. 0.61% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Halliburton

Several institutional investors and hedge funds have recently bought and sold shares of the company. MCF Advisors LLC lifted its holdings in shares of Halliburton by 5.3% in the 3rd quarter. MCF Advisors LLC now owns 4,643 shares of the oilfield services company’s stock worth $188,000 after acquiring an additional 232 shares during the last quarter. Arcadia Investment Management Corp MI lifted its holdings in shares of Halliburton by 0.7% in the 3rd quarter. Arcadia Investment Management Corp MI now owns 37,010 shares of the oilfield services company’s stock worth $1,499,000 after acquiring an additional 250 shares during the last quarter. Nvwm LLC lifted its holdings in shares of Halliburton by 1.2% in the 3rd quarter. Nvwm LLC now owns 22,759 shares of the oilfield services company’s stock worth $922,000 after acquiring an additional 259 shares during the last quarter. Stratos Wealth Advisors LLC lifted its holdings in Halliburton by 3.6% during the 3rd quarter. Stratos Wealth Advisors LLC now owns 7,605 shares of the oilfield services company’s stock worth $308,000 after buying an additional 263 shares in the last quarter. Finally, Lake Street Advisors Group LLC lifted its holdings in Halliburton by 2.3% during the 3rd quarter. Lake Street Advisors Group LLC now owns 11,972 shares of the oilfield services company’s stock worth $485,000 after buying an additional 268 shares in the last quarter. 85.23% of the stock is currently owned by institutional investors and hedge funds.

About Halliburton

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.