Halliburton (NYSE:HAL) PT Raised to $48.00

Halliburton (NYSE:HAL) had its price target hoisted by The Goldman Sachs Group from $46.00 to $48.00 in a research note issued to investors on Tuesday.

Other equities research analysts have also issued research reports about the stock. Raymond James lowered their target price on shares of Halliburton from $49.00 to $47.00 and set a strong-buy rating on the stock in a report on Wednesday, January 24th. Barclays dropped their target price on shares of Halliburton from $55.00 to $54.00 and set an overweight rating on the stock in a research report on Wednesday, January 24th. Susquehanna restated a positive rating and issued a $49.00 target price on shares of Halliburton in a research note on Monday, April 8th. Morgan Stanley boosted their target price on Halliburton from $45.00 to $50.00 and gave the stock an overweight rating in a research note on Tuesday. Finally, Royal Bank of Canada restated an outperform rating and issued a $45.00 target price on shares of Halliburton in a research note on Wednesday, January 24th. One equities research analyst has rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Halliburton has a consensus rating of Buy and a consensus target price of $48.82.

Halliburton Stock Performance

HAL opened at $38.72 on Tuesday. The company has a debt-to-equity ratio of 0.79, a current ratio of 2.12 and a quick ratio of 1.48. Halliburton has a fifty-two week low of $27.84 and a fifty-two week high of $43.85. The firm has a market capitalization of $34.32 billion, a PE ratio of 13.40, a P/E/G ratio of 1.00 and a beta of 2.00. The company’s 50-day moving average is $37.81 and its 200 day moving average is $37.41.

Halliburton (NYSE:HAL) last posted its earnings results on Tuesday, April 23rd. The oilfield services company reported $0.76 earnings per share for the quarter, topping analysts’ consensus estimates of $0.74 by $0.02. Halliburton had a net margin of 11.20% and a return on equity of 30.84%. The company had revenue of $5.80 billion for the quarter, compared to analyst estimates of $5.67 billion. During the same quarter in the prior year, the business posted $0.72 EPS. The firm’s revenue was up 2.2% compared to the same quarter last year. As a group, research analysts predict that Halliburton will post 3.41 earnings per share for the current fiscal year.

Insider Buying and Selling at Halliburton

In other Halliburton news, CEO Jeffrey Allen Miller sold 377,000 shares of the business’s stock in a transaction on Monday, March 4th. The shares were sold at an average price of $35.30, for a total transaction of $13,308,100.00. Following the sale, the chief executive officer now owns 759,015 shares of the company’s stock, valued at approximately $26,793,229.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, Director Margaret Katherine Banks sold 5,000 shares of the company’s stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $35.30, for a total value of $176,500.00. Following the transaction, the director now owns 9,625 shares of the company’s stock, valued at $339,762.50. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Jeffrey Allen Miller sold 377,000 shares of the company’s stock in a transaction on Monday, March 4th. The stock was sold at an average price of $35.30, for a total transaction of $13,308,100.00. Following the completion of the transaction, the chief executive officer now directly owns 759,015 shares in the company, valued at approximately $26,793,229.50. The disclosure for this sale can be found here. Insiders own 0.61% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Mesirow Financial Investment Management Inc. bought a new position in shares of Halliburton in the first quarter worth $414,000. Strategy Asset Managers LLC grew its position in Halliburton by 25.3% in the first quarter. Strategy Asset Managers LLC now owns 20,227 shares of the oilfield services company’s stock worth $797,000 after acquiring an additional 4,086 shares in the last quarter. Capital Investment Advisory Services LLC purchased a new position in Halliburton in the first quarter worth $206,000. Aaron Wealth Advisors LLC purchased a new position in Halliburton in the first quarter worth $235,000. Finally, Valeo Financial Advisors LLC grew its position in Halliburton by 4.3% in the first quarter. Valeo Financial Advisors LLC now owns 9,935 shares of the oilfield services company’s stock worth $385,000 after acquiring an additional 411 shares in the last quarter. Institutional investors own 85.23% of the company’s stock.

About Halliburton

Halliburton Company provides products and services to the energy industry worldwide. It operates through two segments, Completion and Production, and Drilling and Evaluation. The Completion and Production segment offers production enhancement services that include stimulation and sand control services; cementing services, such as well bonding and casing, and casing equipment; and completion tools that offer downhole solutions and services, including well completion products and services, intelligent well completions, and service tools, as well as liner hanger, sand control, and multilateral systems.