Halliburton (NYSE:HAL) had its price objective decreased by Raymond James from $59.00 to $55.00 in a report released on Tuesday. The brokerage currently has a “strong-buy” rating on the oilfield services company’s stock. Raymond James’ price target would suggest a potential upside of 44.21% from the stock’s current price.

Several other analysts have also issued reports on the company. Stifel Nicolaus assumed coverage on Halliburton in a report on Monday. They set a “buy” rating and a $45.00 target price on the stock. Credit Suisse Group set a $51.00 target price on Halliburton and gave the stock a “buy” rating in a report on Thursday, September 6th. Wells Fargo & Co reiterated a “buy” rating on shares of Halliburton in a report on Friday, September 7th. B. Riley set a $51.00 target price on Halliburton and gave the stock a “buy” rating in a report on Thursday, July 26th. Finally, SunTrust Banks dropped their target price on Halliburton to $58.00 and set a “buy” rating on the stock in a report on Tuesday, July 24th. One research analyst has rated the stock with a sell rating, three have given a hold rating, twenty have given a buy rating and one has assigned a strong buy rating to the stock. Halliburton has a consensus rating of “Buy” and an average target price of $55.13.

HAL opened at $38.14 on Tuesday. Halliburton has a 52-week low of $35.75 and a 52-week high of $57.86. The stock has a market cap of $32.38 billion, a P/E ratio of 31.26, a P/E/G ratio of 2.14 and a beta of 1.01. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.72 and a current ratio of 2.24.

Halliburton (NYSE:HAL) last released its earnings results on Monday, July 23rd. The oilfield services company reported $0.58 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.59 by ($0.01). Halliburton had a return on equity of 19.48% and a net margin of 0.42%. The company had revenue of $6.15 billion for the quarter, compared to the consensus estimate of $6.12 billion. During the same quarter in the previous year, the company posted $0.23 EPS. The business’s revenue was up 24.0% on a year-over-year basis. equities research analysts predict that Halliburton will post 2.15 EPS for the current year.

In other Halliburton news, Director Murry Gerber purchased 5,800 shares of the stock in a transaction on Thursday, July 26th. The shares were purchased at an average price of $40.66 per share, with a total value of $235,828.00. Following the completion of the transaction, the director now directly owns 60,961 shares in the company, valued at $2,478,674.26. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.54% of the stock is owned by insiders.

Several institutional investors have recently bought and sold shares of HAL. Russell Investments Group Ltd. grew its position in shares of Halliburton by 337.5% in the first quarter. Russell Investments Group Ltd. now owns 2,710,195 shares of the oilfield services company’s stock valued at $126,669,000 after purchasing an additional 2,090,791 shares during the last quarter. Amundi Pioneer Asset Management Inc. grew its position in shares of Halliburton by 95.2% in the first quarter. Amundi Pioneer Asset Management Inc. now owns 4,232,427 shares of the oilfield services company’s stock valued at $198,668,000 after purchasing an additional 2,063,850 shares during the last quarter. Key Square Capital Management LLC grew its position in shares of Halliburton by 204.2% in the first quarter. Key Square Capital Management LLC now owns 2,648,429 shares of the oilfield services company’s stock valued at $124,317,000 after purchasing an additional 1,777,722 shares during the last quarter. Natixis grew its position in shares of Halliburton by 79.6% in the second quarter. Natixis now owns 3,771,221 shares of the oilfield services company’s stock valued at $169,931,000 after purchasing an additional 1,671,817 shares during the last quarter. Finally, Point72 Asset Management L.P. grew its position in shares of Halliburton by 121.7% in the second quarter. Point72 Asset Management L.P. now owns 2,687,497 shares of the oilfield services company’s stock valued at $121,099,000 after purchasing an additional 1,475,332 shares during the last quarter. 78.84% of the stock is currently owned by institutional investors.

Halliburton Company Profile

Halliburton Company provides a range of services and products to oil and natural gas companies worldwide. The company's Completion and Production segment offers production enhancement services, including stimulation and sand control services; and cementing services, such as bonding the well, well casing, and casing equipment.

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Analyst Recommendations for Halliburton (NYSE:HAL)

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