Several analysts have recently updated their ratings and price targets for Halliburton (NYSE: HAL):

  • 8/2/2017 – Halliburton was downgraded by analysts at BidaskClub from a “sell” rating to a “strong sell” rating.
  • 7/28/2017 – Halliburton had its price target lowered by analysts at FBR & Co from $70.00 to $61.00. They now have an “outperform” rating on the stock.
  • 7/27/2017 – Halliburton was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 7/25/2017 – Halliburton had its “outperform” rating reaffirmed by analysts at Credit Suisse Group. They now have a $55.00 price target on the stock, down previously from $60.00.
  • 7/25/2017 – Halliburton had its “buy” rating reaffirmed by analysts at UBS AG. They now have a $62.00 price target on the stock, down previously from $70.00.
  • 7/25/2017 – Halliburton was given a new $52.00 price target on by analysts at Scotiabank. They now have a “buy” rating on the stock.
  • 7/22/2017 – Halliburton was upgraded by analysts at ValuEngine from a “sell” rating to a “hold” rating.
  • 7/22/2017 – Halliburton had its “buy” rating reaffirmed by analysts at Goldman Sachs Group, Inc. (The).
  • 7/20/2017 – Halliburton was upgraded by analysts at Seaport Global Securities from a “neutral” rating to a “buy” rating. They now have a $50.00 price target on the stock, up previously from $43.00.
  • 7/20/2017 – Halliburton was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Halliburton shares have suffered this year, as have shares of all oil-related companies, to reflect the commodity's price slide and uneven outlook. That said, it has done better than its peers (the stock is down -22.3% in the year-to-date period vs. 26.5% decline for the Zacks Oil & Gas-Field Services industry), reflecting improved utilization on the back of surging North American rig count. Halliburton's cost saving initiatives undertaken during the downturn have also helped the company navigate the difficult operating environment. However, sluggish international outlook – reflecting lower activity and pricing pressure – is expected to dampen investor confidence. Moreover, with the failure of BHI acquisition, HAL had to book a massive $3.5 billion in breakup charges that stretched its balance sheet. Hence, we advise investors to wait for a better entry point before buying shares in HAL.”
  • 7/20/2017 – Halliburton had its “buy” rating reaffirmed by analysts at Royal Bank Of Canada. They now have a $60.00 price target on the stock.
  • 7/19/2017 – Halliburton was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 7/14/2017 – Halliburton had its price target lowered by analysts at BMO Capital Markets from $65.00 to $51.00. They now have an “outperform” rating on the stock.
  • 7/12/2017 – Halliburton had its “buy” rating reaffirmed by analysts at Piper Jaffray Companies. They now have a $52.00 price target on the stock.
  • 7/11/2017 – Halliburton was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Halliburton shares have suffered this year, declining around 22% year-to date, to reflect the commodity's price slide and uneven outlook. The sluggish international outlook – reflecting lower activity and pricing pressure – is expected to dampen investor confidence. Further, the company's cash reserves are also dropping providing it with lesser financial flexibility. Moreover, with the failure of BHI acquisition, HAL had to book a massive $3.5 billion in breakup charges that stretched its balance sheet. The company's high debt levels is likely to affect its credit metrics adversly. Halliburton was also forced to discontinue its operations in Venexuela which will further hurt its revenues and financials negatively. Given these headwinds, we see Halliburton as a risky bet that ordinary investors should exit.”
  • 7/10/2017 – Halliburton had its “outperform” rating reaffirmed by analysts at Wells Fargo & Company.
  • 7/8/2017 – Halliburton was upgraded by analysts at BidaskClub from a “strong sell” rating to a “sell” rating.
  • 7/3/2017 – Halliburton had its “buy” rating reaffirmed by analysts at Loop Capital.
  • 7/1/2017 – Halliburton was given a new $60.00 price target on by analysts at Credit Suisse Group. They now have a “buy” rating on the stock.
  • 6/30/2017 – Halliburton had its “buy” rating reaffirmed by analysts at Jefferies Group LLC. They now have a $69.00 price target on the stock.
  • 6/29/2017 – Halliburton was downgraded by analysts at TheStreet from a “c-” rating to a “d+” rating.
  • 6/28/2017 – Halliburton had its “buy” rating reaffirmed by analysts at Scotiabank. They now have a $59.00 price target on the stock.
  • 6/27/2017 – Halliburton was downgraded by analysts at Guggenheim from a “buy” rating to a “neutral” rating.
  • 6/27/2017 – Halliburton was downgraded by analysts at BidaskClub from a “sell” rating to a “strong sell” rating.
  • 6/26/2017 – Halliburton had its “overweight” rating reaffirmed by analysts at Barclays PLC.
  • 6/24/2017 – Halliburton was downgraded by analysts at ValuEngine from a “hold” rating to a “sell” rating.
  • 6/24/2017 – Halliburton was given a new $65.00 price target on by analysts at Royal Bank Of Canada. They now have a “buy” rating on the stock.
  • 6/22/2017 – Halliburton had its “buy” rating reaffirmed by analysts at HSBC Holdings plc. They now have a $62.00 price target on the stock, down previously from $65.00.
  • 6/21/2017 – Halliburton was downgraded by analysts at Seaport Global Securities from a “buy” rating to a “neutral” rating. They now have a $43.00 price target on the stock, down previously from $63.00.
  • 6/21/2017 – Halliburton had its “overweight” rating reaffirmed by analysts at Morgan Stanley. They now have a $60.00 price target on the stock, down previously from $67.00.

Halliburton Company (HAL) traded down 1.89% during mid-day trading on Thursday, reaching $40.51. 6,987,057 shares of the company traded hands. The stock has a 50 day moving average price of $42.73 and a 200-day moving average price of $47.95. The company’s market capitalization is $35.31 billion. Halliburton Company has a 52-week low of $40.12 and a 52-week high of $58.78.

Halliburton (NYSE:HAL) last announced its quarterly earnings data on Monday, July 24th. The oilfield services company reported $0.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.18 by $0.05. The business had revenue of $4.96 billion for the quarter, compared to the consensus estimate of $4.86 billion. Halliburton had a negative net margin of 0.86% and a positive return on equity of 2.97%. Halliburton’s quarterly revenue was up 29.3% on a year-over-year basis. During the same quarter last year, the company posted ($0.14) earnings per share. Analysts expect that Halliburton Company will post $1.12 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 27th. Stockholders of record on Wednesday, September 6th will be paid a $0.18 dividend. The ex-dividend date of this dividend is Friday, September 1st. This represents a $0.72 annualized dividend and a dividend yield of 1.78%. Halliburton’s payout ratio is -423.50%.

In related news, Director William E. Albrecht acquired 8,000 shares of the stock in a transaction dated Monday, May 15th. The shares were acquired at an average price of $46.33 per share, for a total transaction of $370,640.00. Following the completion of the purchase, the director now owns 8,000 shares in the company, valued at approximately $370,640. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.46% of the company’s stock.

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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