Guggenheim set a $50.00 target price on Halliburton (NYSE:HAL) in a report published on Wednesday. The firm currently has a buy rating on the oilfield services company’s stock.

Other research analysts also recently issued reports about the stock. Wells Fargo & Co reissued a buy rating on shares of Halliburton in a research report on Friday, June 29th. Zacks Investment Research raised shares of Halliburton from a hold rating to a buy rating and set a $51.00 price objective on the stock in a research report on Tuesday, June 26th. SunTrust Banks lowered their price objective on shares of Halliburton to $58.00 and set a buy rating on the stock in a research report on Tuesday, July 24th. Credit Suisse Group set a $52.00 price objective on shares of Halliburton and gave the stock a buy rating in a research report on Tuesday, July 24th. Finally, Citigroup set a $51.00 price objective on shares of Halliburton and gave the stock a buy rating in a research report on Tuesday, July 24th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, twenty-two have given a buy rating and one has given a strong buy rating to the stock. Halliburton presently has a consensus rating of Buy and a consensus target price of $51.60.

NYSE:HAL traded up $0.40 during midday trading on Wednesday, hitting $35.14. 12,585,399 shares of the company were exchanged, compared to its average volume of 10,590,042. Halliburton has a fifty-two week low of $33.73 and a fifty-two week high of $57.86. The company has a debt-to-equity ratio of 1.16, a current ratio of 2.31 and a quick ratio of 1.72. The firm has a market capitalization of $30.92 billion, a P/E ratio of 28.80, a P/E/G ratio of 0.95 and a beta of 1.01.

Halliburton (NYSE:HAL) last announced its quarterly earnings results on Monday, October 22nd. The oilfield services company reported $0.50 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.49 by $0.01. Halliburton had a net margin of 0.70% and a return on equity of 20.42%. The firm had revenue of $6.17 billion for the quarter, compared to analyst estimates of $6.10 billion. During the same period last year, the business earned $0.42 EPS. Halliburton’s revenue for the quarter was up 13.4% compared to the same quarter last year. On average, sell-side analysts anticipate that Halliburton will post 1.86 EPS for the current year.

In other news, insider James S. Brown sold 15,989 shares of Halliburton stock in a transaction dated Thursday, September 20th. The shares were sold at an average price of $40.53, for a total value of $648,034.17. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 0.54% of the stock is owned by insiders.

Several large investors have recently modified their holdings of the company. Oppenheimer & Co. Inc. boosted its holdings in shares of Halliburton by 2.8% in the third quarter. Oppenheimer & Co. Inc. now owns 53,685 shares of the oilfield services company’s stock valued at $2,177,000 after acquiring an additional 1,467 shares in the last quarter. General American Investors Co. Inc. lifted its stake in shares of Halliburton by 9.0% in the third quarter. General American Investors Co. Inc. now owns 485,000 shares of the oilfield services company’s stock valued at $19,657,000 after purchasing an additional 40,000 shares during the period. State Treasurer State of Michigan lifted its stake in shares of Halliburton by 1.1% in the third quarter. State Treasurer State of Michigan now owns 262,179 shares of the oilfield services company’s stock valued at $10,626,000 after purchasing an additional 2,800 shares during the period. Sawtooth Solutions LLC acquired a new stake in shares of Halliburton in the third quarter valued at about $204,000. Finally, Russell Investments Group Ltd. lifted its stake in shares of Halliburton by 22.8% in the third quarter. Russell Investments Group Ltd. now owns 3,587,597 shares of the oilfield services company’s stock valued at $145,486,000 after purchasing an additional 664,943 shares during the period. 78.98% of the stock is currently owned by institutional investors and hedge funds.

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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