BMO Capital Markets Increases Halliburton (NYSE:HAL) Price Target to $36.00

Halliburton (NYSE:HAL) had its price objective lifted by research analysts at BMO Capital Markets from $31.00 to $36.00 in a note issued to investors on Monday,MarketScreener reports. The firm currently has a “market perform” rating on the oilfield services company’s stock. BMO Capital Markets’ price objective points to a potential upside of 9.79% from the company’s current price.

Other research analysts have also issued research reports about the company. Hsbc Global Res raised Halliburton from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 22nd. Morgan Stanley set a $34.00 price objective on shares of Halliburton in a research report on Monday, December 15th. Rothschild & Co Redburn began coverage on shares of Halliburton in a report on Monday, November 3rd. They issued a “buy” rating and a $35.00 target price for the company. Zephirin Group raised their price objective on shares of Halliburton from $27.00 to $28.00 and gave the stock a “buy” rating in a research note on Thursday, October 2nd. Finally, Redburn Partners set a $35.00 target price on Halliburton in a research note on Monday, November 3rd. Two equities research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $33.57.

Halliburton Price Performance

Shares of HAL traded down $0.25 during mid-day trading on Monday, hitting $32.79. 9,752,877 shares of the stock were exchanged, compared to its average volume of 18,015,135. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.43 and a current ratio of 1.95. The company has a market cap of $27.60 billion, a PE ratio of 21.72 and a beta of 0.78. Halliburton has a 52-week low of $18.72 and a 52-week high of $33.72. The firm has a 50-day moving average of $28.19 and a two-hundred day moving average of $24.74.

Halliburton (NYSE:HAL) last posted its earnings results on Tuesday, October 21st. The oilfield services company reported $0.58 earnings per share for the quarter, beating analysts’ consensus estimates of $0.50 by $0.08. Halliburton had a net margin of 5.91% and a return on equity of 20.12%. The firm had revenue of $5.60 billion during the quarter, compared to analyst estimates of $5.39 billion. During the same period last year, the firm posted $0.73 earnings per share. Halliburton’s revenue for the quarter was down 1.7% compared to the same quarter last year. On average, equities analysts predict that Halliburton will post 2.64 earnings per share for the current year.

Insider Activity at Halliburton

In other Halliburton news, EVP Lawrence J. Pope sold 100,000 shares of the business’s stock in a transaction dated Monday, January 5th. The shares were sold at an average price of $32.25, for a total value of $3,225,000.00. Following the completion of the transaction, the executive vice president directly owned 419,800 shares in the company, valued at approximately $13,538,550. The trade was a 19.24% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Van H. Beckwith sold 8,854 shares of the business’s stock in a transaction that occurred on Friday, December 5th. The stock was sold at an average price of $27.89, for a total transaction of $246,938.06. Following the transaction, the executive vice president owned 333,528 shares of the company’s stock, valued at approximately $9,302,095.92. This trade represents a 2.59% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 268,854 shares of company stock valued at $7,915,138 over the last ninety days. 0.56% of the stock is owned by company insiders.

Hedge Funds Weigh In On Halliburton

A number of large investors have recently made changes to their positions in the business. Clearstead Trust LLC boosted its position in shares of Halliburton by 7.4% in the 3rd quarter. Clearstead Trust LLC now owns 5,370 shares of the oilfield services company’s stock worth $132,000 after purchasing an additional 370 shares in the last quarter. Angeles Wealth Management LLC increased its holdings in shares of Halliburton by 3.6% during the third quarter. Angeles Wealth Management LLC now owns 11,320 shares of the oilfield services company’s stock valued at $278,000 after acquiring an additional 392 shares in the last quarter. True Wealth Design LLC raised its position in shares of Halliburton by 21.0% in the 4th quarter. True Wealth Design LLC now owns 2,434 shares of the oilfield services company’s stock valued at $69,000 after purchasing an additional 423 shares during the last quarter. Parkside Financial Bank & Trust boosted its stake in Halliburton by 22.2% in the 3rd quarter. Parkside Financial Bank & Trust now owns 2,369 shares of the oilfield services company’s stock worth $58,000 after purchasing an additional 431 shares in the last quarter. Finally, Profund Advisors LLC lifted its stake in shares of Halliburton by 0.9% during the third quarter. Profund Advisors LLC now owns 51,508 shares of the oilfield services company’s stock worth $1,267,000 after buying an additional 463 shares during the period. 85.23% of the stock is owned by institutional investors and hedge funds.

Halliburton News Summary

Here are the key news stories impacting Halliburton this week:

• Positive Sentiment: Halliburton promoted Casey Maxwell to president, Western Hemisphere (effective Feb. 1), a leadership move framed as continuity and deeper regional operational experience that could help execution in key markets such as the Permian and Argentina. Halliburton Appoints New Western Hemisphere President
• Positive Sentiment: An analyst raised HAL’s price target to $36, signalling bullish analyst sentiment that can support further upside if results and guidance meet expectations. Analyst raises Halliburton (HAL) price target to $36
• Positive Sentiment: Momentum: HAL recently hit a 52-week high, reflecting improving market sentiment and investor appetite for oilfield services exposure amid resilient oil & gas activity. Halliburton stock hits 52-week high at 33.04 USD
• Positive Sentiment: Street expectations: Zacks and others flag that Halliburton appears positioned to beat Q4 estimates (revenue and EPS), which could be a catalyst if the upcoming release confirms upside. Halliburton (HAL) Expected to Beat Earnings Estimates
• Neutral Sentiment: Geopolitical/operational update: The FT reports Halliburton expects a speedy return to Venezuela and downplays risks — this could unlock new revenue but carries execution and sanction-related risks that investors should watch. Halliburton expects speedy return to Venezuela and plays down risks
• Neutral Sentiment: Upcoming catalyst: Halliburton is scheduled to report quarterly results this week — the print and any guidance will likely be the primary near-term driver of the share price. Halliburton (HAL) to Release Quarterly Earnings on Wednesday
• Negative Sentiment: Insider/insider-related activity: A report notes Representative Gilbert Ray Cisneros Jr. sold HAL shares — such filings can spook short-term sentiment even if not material to company fundamentals. Halliburton (NYSE:HAL) Stock Unloaded Rep. Gilbert Ray Cisneros, Jr.

Halliburton Company Profile

Halliburton is one of the world’s largest providers of products and services to the energy industry, offering a broad portfolio that supports the lifecycle of oil and gas reservoirs from exploration and drilling through production and abandonment. Founded in 1919 by Erle P. Halliburton as an oil-well cementing company, the firm is headquartered in Houston, Texas and has developed into an integrated oilfield services company serving upstream operators globally.

The company’s activities encompass drilling and evaluation, well construction and completion, production enhancement and well intervention.