Brokerages Set Halliburton (NYSE:HAL) PT at $41.74

Shares of Halliburton (NYSE:HAL) have been given an average recommendation of “Moderate Buy” by the twenty brokerages that are covering the stock, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has issued a strong buy rating on the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $41.74.

HAL has been the subject of several research reports. UBS Group reduced their price objective on Halliburton from $41.00 to $37.00 and set a “buy” rating for the company in a research report on Wednesday, September 18th. Johnson Rice raised Halliburton to a “moderate buy” rating in a research report on Friday, July 19th. Citigroup reduced their price objective on Halliburton from $50.00 to $45.00 and set a “buy” rating for the company in a research report on Friday, June 28th. Barclays reduced their price objective on Halliburton from $48.00 to $47.00 and set an “overweight” rating for the company in a research report on Wednesday, October 16th. Finally, BMO Capital Markets reduced their price objective on Halliburton from $40.00 to $38.00 and set a “market perform” rating for the company in a research report on Thursday, October 10th.

Halliburton Stock Down 0.2 %

Shares of Halliburton stock opened at $28.26 on Friday. The stock has a market capitalization of $25.02 billion, a P/E ratio of 9.78, a PEG ratio of 1.04 and a beta of 1.88. The company has a quick ratio of 1.54, a current ratio of 2.13 and a debt-to-equity ratio of 0.76. The stock has a 50 day moving average price of $29.94 and a two-hundred day moving average price of $33.56. Halliburton has a 12-month low of $27.52 and a 12-month high of $42.15.

Halliburton (NYSE:HAL) last announced its earnings results on Friday, July 19th. The oilfield services company reported $0.80 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.80. The firm had revenue of $5.83 billion during the quarter, compared to analysts’ expectations of $5.95 billion. Halliburton had a return on equity of 29.97% and a net margin of 11.61%. The company’s revenue was up .6% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.77 earnings per share. Equities analysts expect that Halliburton will post 3.13 earnings per share for the current year.

Halliburton Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 25th. Shareholders of record on Wednesday, September 4th were paid a dividend of $0.17 per share. The ex-dividend date of this dividend was Wednesday, September 4th. This represents a $0.68 annualized dividend and a yield of 2.41%. Halliburton’s dividend payout ratio is currently 23.53%.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the stock. Toth Financial Advisory Corp raised its stake in Halliburton by 111.0% during the third quarter. Toth Financial Advisory Corp now owns 2,500 shares of the oilfield services company’s stock worth $73,000 after acquiring an additional 1,315 shares in the last quarter. Gilliland Jeter Wealth Management LLC raised its stake in Halliburton by 75.6% during the third quarter. Gilliland Jeter Wealth Management LLC now owns 20,892 shares of the oilfield services company’s stock worth $607,000 after acquiring an additional 8,992 shares in the last quarter. Blue Trust Inc. grew its holdings in shares of Halliburton by 94.3% during the third quarter. Blue Trust Inc. now owns 13,641 shares of the oilfield services company’s stock worth $396,000 after purchasing an additional 6,620 shares during the last quarter. V Square Quantitative Management LLC grew its holdings in shares of Halliburton by 19.5% during the third quarter. V Square Quantitative Management LLC now owns 26,014 shares of the oilfield services company’s stock worth $756,000 after purchasing an additional 4,240 shares during the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd grew its holdings in shares of Halliburton by 1.0% during the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 103,584 shares of the oilfield services company’s stock worth $3,009,000 after purchasing an additional 1,021 shares during the last quarter. 85.23% of the stock is currently owned by institutional investors and hedge funds.

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.