Halliburton Given “Neutral” Rating at Zacks (HAL)
Halliburton (NYSE: HAL)‘s stock had its “neutral” rating reiterated by Zacks in a research note issued to investors on Friday. They currently have a $45.00 price target on the stock.
Zacks‘ analyst wrote, “Following Halliburton’s better-than-expected fourth quarter results, we are maintaining our Neutral recommendation on the oilfield services behemoth. Houston-based Halliburton benefited from higher activity in the international markets that made up for cost inflation. The company continues to be plagued by sluggish North American operations, a spike in the costs for guar gums, and potential liability exposure to the Deepwater Horizon rig disaster. However, the world’s second-largest oilfield services firm after Schlumberger is enjoying strong demand for its services in international markets and expects the trend to continue in the coming years. Halliburton’s inexpensive valuation provides additional support. Nevertheless, the increased pricing pressure in its North American operations keeps us on the sidelines. “
Other equities research analysts have also recently issued reports about the stock. Analysts at TheStreet reiterated a “buy” rating on shares of Halliburton in a research note to investors on Tuesday. Separately, analysts at RBC Capital reiterated an “outperform” rating on shares of Halliburton in a research note to investors on Thursday, March 7th. They now have a $45.00 price target on the stock. Finally, analysts at Macquarie reiterated an “outperform” rating on shares of Halliburton in a research note to investors on Friday, March 1st. They now have a $49.00 price target on the stock.
Twenty-four research analysts have rated the stock with a buy rating, four have given an overweight rating, and seven have assigned a hold rating to the company’s stock. Halliburton currently has a consensus rating of “overweight” and a consensus price target of $48.89.
Halliburton (NYSE: HAL) traded down 0.56% on Friday, hitting $42.30. Halliburton has a 52-week low of $26.28 and a 52-week high of $43.96. The stock’s 50-day moving average is currently $41.05. The company has a market cap of $39.416 billion and a price-to-earnings ratio of 14.97.
Halliburton (NYSE: HAL) last issued its quarterly earnings data on Friday, January 25th. The company reported $0.67 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.62 by $0.05. The company had revenue of $7.30 billion for the quarter, compared to the consensus estimate of $7.07 billion. During the same quarter last year, the company posted $0.81 earnings per share. Halliburton’s revenue was up 3.2% compared to the same quarter last year. On average, analysts predict that Halliburton will post $3.02 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, March 27th. Shareholders of record on Wednesday, March 6th will be paid a dividend of $0.13 per share. This represents a $0.50 annualized dividend and a dividend yield of 1.18%. The ex-dividend date is Monday, March 4th. This is a positive change from Halliburton’s previous quarterly dividend of $0.09.
Halliburton Company is an oilfield services company. The Company is provider of services and products to the energy industry related to the exploration, development, and production of oil and natural gas.
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