Halliburton Company (NYSE:HAL)‘s stock had its “buy” rating restated by stock analysts at Jefferies Group LLC in a report released on Friday, June 30th. They currently have a $69.00 price target on the oilfield services company’s stock. Jefferies Group LLC’s target price points to a potential upside of 60.73% from the company’s current price.
Other equities research analysts have also issued research reports about the stock. BMO Capital Markets set a $65.00 price objective on shares of Halliburton and gave the stock a “buy” rating in a research note on Monday, April 24th. Deutsche Bank AG dropped their price target on shares of Halliburton from $64.00 to $57.00 and set a “buy” rating on the stock in a research note on Tuesday, April 25th. HSBC Holdings plc assumed coverage on shares of Halliburton in a research note on Wednesday, April 19th. They issued a “buy” rating and a $65.00 price target on the stock. Royal Bank Of Canada restated a “buy” rating and issued a $65.00 price target on shares of Halliburton in a research note on Monday, April 3rd. Finally, Credit Suisse Group set a $60.00 price target on shares of Halliburton and gave the company a “buy” rating in a research note on Monday, March 27th. Two analysts have rated the stock with a sell rating, four have issued a hold rating, twenty-eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Halliburton has a consensus rating of “Buy” and a consensus price target of $58.85.
Halliburton (NYSE:HAL) traded down 0.37% during mid-day trading on Friday, hitting $42.93. The stock had a trading volume of 8,895,558 shares. Halliburton has a one year low of $40.12 and a one year high of $58.78. The company has a 50 day moving average price of $43.32 and a 200 day moving average price of $48.71. The stock’s market cap is $37.31 billion.
Halliburton (NYSE:HAL) last issued its quarterly earnings results on Monday, July 24th. The oilfield services company reported $0.23 EPS for the quarter, topping the consensus estimate of $0.18 by $0.05. Halliburton had a negative net margin of 0.86% and a positive return on equity of 2.97%. The business had revenue of $4.96 billion for the quarter, compared to analysts’ expectations of $4.86 billion. During the same quarter last year, the company posted ($0.14) earnings per share. The company’s quarterly revenue was up 29.3% compared to the same quarter last year. On average, equities analysts anticipate that Halliburton will post $1.09 EPS for the current year.
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In other Halliburton news, Director William E. Albrecht purchased 8,000 shares of the stock in a transaction that occurred on Monday, May 15th. The shares were acquired at an average cost of $46.33 per share, with a total value of $370,640.00. Following the completion of the transaction, the director now owns 8,000 shares in the company, valued at $370,640. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.46% of the stock is currently owned by company insiders.
Large investors have recently made changes to their positions in the company. Vanguard Group Inc. increased its stake in shares of Halliburton by 4.0% in the first quarter. Vanguard Group Inc. now owns 58,503,306 shares of the oilfield services company’s stock worth $2,878,947,000 after buying an additional 2,242,976 shares during the last quarter. BlackRock Inc. increased its stake in Halliburton by 2,760.4% in the first quarter. BlackRock Inc. now owns 51,835,128 shares of the oilfield services company’s stock valued at $2,550,805,000 after buying an additional 50,022,982 shares in the last quarter. Wellington Management Group LLP increased its stake in Halliburton by 1.1% in the first quarter. Wellington Management Group LLP now owns 20,413,182 shares of the oilfield services company’s stock valued at $1,004,532,000 after buying an additional 227,704 shares in the last quarter. FMR LLC increased its stake in Halliburton by 11.0% in the first quarter. FMR LLC now owns 15,102,445 shares of the oilfield services company’s stock valued at $743,191,000 after buying an additional 1,496,685 shares in the last quarter. Finally, Norges Bank acquired a new stake in Halliburton during the fourth quarter valued at approximately $488,738,000. Hedge funds and other institutional investors own 79.74% of the company’s stock.
Halliburton Company Profile
Halliburton Company provides services and products to the upstream oil and natural gas industry throughout the lifecycle of the reservoir, from locating hydrocarbons and managing geological data, to drilling and formation evaluation, well construction and completion, and optimizing production throughout the life of the field.
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