Halliburton (NYSE:HAL) had its price target decreased by Wells Fargo & Co from $30.00 to $26.00 in a report released on Thursday, BenzingaRatingsTable reports. Wells Fargo & Co currently has an outperform rating on the oilfield services company’s stock.

Other analysts also recently issued research reports about the stock. Cowen reaffirmed an outperform rating and issued a $35.00 target price (up previously from $33.00) on shares of Halliburton in a report on Tuesday, July 23rd. Stephens lowered their target price on shares of Halliburton from $45.00 to $35.00 and set an overweight rating on the stock in a report on Tuesday, July 23rd. Piper Jaffray Companies set a $26.00 target price on shares of Halliburton and gave the company a buy rating in a report on Monday, July 1st. Citigroup lowered their target price on shares of Halliburton from $30.00 to $27.00 and set a buy rating on the stock in a report on Friday, September 6th. Finally, Bank of America lowered their target price on shares of Halliburton from $24.00 to $23.00 and set a buy rating on the stock in a report on Thursday, September 5th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and twenty have given a buy rating to the stock. Halliburton presently has an average rating of Buy and a consensus target price of $37.65.

Shares of Halliburton stock opened at $20.27 on Thursday. Halliburton has a 1 year low of $16.97 and a 1 year high of $42.57. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.59 and a current ratio of 2.26. The company has a market capitalization of $17.30 billion, a P/E ratio of 10.67, a PEG ratio of 2.36 and a beta of 1.37. The company’s fifty day moving average is $19.70 and its two-hundred day moving average is $24.59.

Halliburton (NYSE:HAL) last issued its earnings results on Monday, July 22nd. The oilfield services company reported $0.35 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.30 by $0.05. The business had revenue of $5.93 billion for the quarter, compared to the consensus estimate of $5.97 billion. Halliburton had a net margin of 5.58% and a return on equity of 13.76%. The business’s quarterly revenue was down 3.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.58 earnings per share. As a group, equities analysts expect that Halliburton will post 1.32 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 25th. Investors of record on Wednesday, September 4th will be issued a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 3.55%. The ex-dividend date is Tuesday, September 3rd. Halliburton’s dividend payout ratio is currently 37.89%.

In related news, Director William E. Albrecht acquired 8,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 12th. The shares were purchased at an average price of $19.35 per share, with a total value of $154,800.00. Following the completion of the acquisition, the director now owns 16,000 shares in the company, valued at $309,600. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.61% of the stock is currently owned by insiders.

Hedge funds have recently added to or reduced their stakes in the stock. Swiss National Bank boosted its holdings in Halliburton by 2.2% during the first quarter. Swiss National Bank now owns 2,924,297 shares of the oilfield services company’s stock worth $85,682,000 after buying an additional 63,800 shares in the last quarter. Lockheed Martin Investment Management Co. acquired a new position in Halliburton during the first quarter worth about $2,150,000. Corrado Advisors LLC acquired a new position in Halliburton during the second quarter worth about $114,000. 361 Capital LLC acquired a new position in Halliburton during the second quarter worth about $702,000. Finally, Wealthfront Advisers LLC raised its position in Halliburton by 131.1% during the first quarter. Wealthfront Advisers LLC now owns 42,361 shares of the oilfield services company’s stock worth $1,241,000 after acquiring an additional 24,032 shares during the last quarter. 77.60% of the stock is currently owned by hedge funds and other 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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