Brokerages Set Halliburton (NYSE:HAL) Price Target at $45.35

Shares of Halliburton (NYSE:HAL) have received an average recommendation of “Buy” from the seventeen research firms that are covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $45.35.

A number of equities research analysts recently weighed in on the stock. Jefferies Financial Group lowered their target price on shares of Halliburton from $50.00 to $47.00 and set a “buy” rating on the stock in a report on Monday, July 29th. Susquehanna cut their price target on shares of Halliburton from $49.00 to $46.00 and set a “positive” rating for the company in a research report on Monday, July 22nd. Piper Sandler decreased their target price on shares of Halliburton from $46.00 to $40.00 and set an “overweight” rating for the company in a research note on Monday, July 22nd. Evercore ISI decreased their target price on shares of Halliburton from $52.00 to $48.00 and set an “outperform” rating for the company in a research note on Monday, July 22nd. Finally, The Goldman Sachs Group raised their target price on shares of Halliburton from $46.00 to $48.00 in a research note on Tuesday, April 23rd.

Insider Activity at Halliburton

In other Halliburton news, EVP Van H. Beckwith sold 10,000 shares of the company’s stock in a transaction on Thursday, July 18th. The stock was sold at an average price of $36.75, for a total transaction of $367,500.00. Following the completion of the sale, the executive vice president now owns 273,908 shares in the company, valued at $10,066,119. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 0.61% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Halliburton

A number of institutional investors have recently modified their holdings of HAL. Rise Advisors LLC acquired a new stake in Halliburton in the 1st quarter worth about $26,000. IAG Wealth Partners LLC acquired a new stake in Halliburton in the first quarter valued at $30,000. Johnson Financial Group Inc. acquired a new stake in Halliburton in the fourth quarter valued at $33,000. First United Bank & Trust purchased a new position in shares of Halliburton during the fourth quarter worth about $36,000. Finally, Criterion Capital Advisors LLC purchased a new position in shares of Halliburton during the fourth quarter worth about $37,000. Hedge funds and other institutional investors own 85.23% of the company’s stock.

Halliburton Trading Down 0.7 %

Halliburton stock opened at $31.00 on Monday. Halliburton has a one year low of $30.31 and a one year high of $43.85. The company has a market cap of $27.44 billion, a price-to-earnings ratio of 10.73, a P/E/G ratio of 1.12 and a beta of 1.93. The firm has a 50-day moving average of $33.61 and a 200-day moving average of $35.92. The company has a debt-to-equity ratio of 0.76, a current ratio of 2.13 and a quick ratio of 1.54.

Halliburton (NYSE:HAL) last released its quarterly earnings results on Friday, July 19th. The oilfield services company reported $0.80 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.80. The company had revenue of $5.83 billion during the quarter, compared to the consensus estimate of $5.95 billion. Halliburton had a net margin of 11.61% and a return on equity of 29.97%. The firm’s quarterly revenue was up .6% on a year-over-year basis. During the same period in the previous year, the business earned $0.77 earnings per share. On average, equities analysts expect that Halliburton will post 3.18 earnings per share for the current fiscal year.

Halliburton Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 26th. Stockholders of record on Wednesday, June 5th were issued a $0.17 dividend. The ex-dividend date of this dividend was Wednesday, June 5th. This represents a $0.68 annualized dividend and a dividend yield of 2.19%. Halliburton’s dividend payout ratio is currently 23.53%.

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.