Brokerages Set Halliburton (NYSE:HAL) Target Price at $48.82

Halliburton (NYSE:HAL) has been given an average recommendation of “Buy” by the fourteen analysts that are covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $48.65.

A number of analysts recently issued reports on the company. Barclays lowered their price target on Halliburton from $55.00 to $54.00 and set an “overweight” rating for the company in a research report on Wednesday, January 24th. Wells Fargo & Company dropped their price target on shares of Halliburton from $50.00 to $49.00 and set an “overweight” rating for the company in a research note on Monday. Royal Bank of Canada reissued an “outperform” rating and issued a $45.00 price objective on shares of Halliburton in a research report on Wednesday, January 24th. The Goldman Sachs Group boosted their target price on Halliburton from $46.00 to $48.00 in a research report on Tuesday, April 23rd. Finally, Citigroup increased their price target on Halliburton from $45.00 to $50.00 and gave the stock a “buy” rating in a report on Wednesday, April 24th.

Insider Activity at Halliburton

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

Hedge Funds Weigh In On Halliburton

A number of large investors have recently added to or reduced their stakes in HAL. Rise Advisors LLC bought a new stake in shares of Halliburton in the 1st quarter valued at about $26,000. IAG Wealth Partners LLC purchased a new stake in Halliburton during the first quarter valued at approximately $30,000. Johnson Financial Group Inc. acquired a new stake in Halliburton in the fourth quarter valued at approximately $33,000. Ancora Advisors LLC grew its holdings in Halliburton by 443.8% in the third quarter. Ancora Advisors LLC now owns 881 shares of the oilfield services company’s stock worth $36,000 after purchasing an additional 719 shares during the last quarter. Finally, Princeton Global Asset Management LLC acquired a new position in shares of Halliburton during the fourth quarter worth $36,000. 85.23% of the stock is currently owned by institutional investors.

Halliburton Stock Up 0.9 %

Shares of NYSE HAL opened at $38.89 on Friday. The company has a current ratio of 2.12, a quick ratio of 1.52 and a debt-to-equity ratio of 0.79. Halliburton has a 12-month low of $27.84 and a 12-month high of $43.85. The firm’s 50-day moving average price is $37.95 and its 200-day moving average price is $37.31. The stock has a market capitalization of $34.42 billion, a price-to-earnings ratio of 13.46, a P/E/G ratio of 0.99 and a beta of 2.00.

Halliburton (NYSE:HAL) last issued its quarterly earnings data on Tuesday, April 23rd. The oilfield services company reported $0.76 earnings per share for the quarter, topping the consensus estimate of $0.74 by $0.02. The company had revenue of $5.80 billion for the quarter, compared to analysts’ expectations of $5.67 billion. Halliburton had a return on equity of 30.84% and a net margin of 11.20%. The firm’s revenue for the quarter was up 2.2% on a year-over-year basis. 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 3.4 EPS for the current fiscal year.

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.