Capital One Financial Issues Positive Forecast for Halliburton (NYSE:HAL) Stock Price

Halliburton (NYSE:HALGet Free Report) had its target price raised by stock analysts at Capital One Financial from $40.00 to $41.00 in a report released on Wednesday,MarketScreener reports. The firm presently has an “overweight” rating on the oilfield services company’s stock. Capital One Financial‘s price target would indicate a potential upside of 7.69% from the company’s current price.

A number of other equities research analysts also recently weighed in on the company. TD Cowen raised their price target on Halliburton from $39.00 to $40.00 and gave the stock a “buy” rating in a research note on Thursday, January 22nd. Weiss Ratings restated a “hold (c-)” rating on shares of Halliburton in a research report on Monday, December 29th. JPMorgan Chase & Co. lifted their price objective on Halliburton from $35.00 to $40.00 and gave the company an “overweight” rating in a research report on Friday, March 27th. Citigroup increased their target price on Halliburton from $33.00 to $38.00 and gave the stock a “buy” rating in a report on Friday, January 23rd. Finally, Wall Street Zen cut shares of Halliburton from a “strong-buy” rating to a “buy” rating in a research report on Saturday, March 28th. One research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $36.71.

Check Out Our Latest Report on HAL

Halliburton Trading Up 0.7%

Shares of NYSE HAL opened at $38.07 on Wednesday. The business has a fifty day simple moving average of $35.75 and a 200-day simple moving average of $30.41. The company has a quick ratio of 1.51, a current ratio of 2.04 and a debt-to-equity ratio of 0.68. The company has a market cap of $31.80 billion, a price-to-earnings ratio of 25.24, a P/E/G ratio of 2.33 and a beta of 0.68. Halliburton has a 12 month low of $19.22 and a 12 month high of $41.18.

Halliburton (NYSE:HALGet Free Report) last released its quarterly earnings results on Wednesday, January 21st. The oilfield services company reported $0.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.55 by $0.14. Halliburton had a net margin of 5.78% and a return on equity of 19.77%. The business had revenue of $5.66 billion for the quarter, compared to analyst estimates of $5.39 billion. During the same quarter in the previous year, the business earned $0.73 earnings per share. The firm’s revenue was up .8% compared to the same quarter last year. Sell-side analysts predict that Halliburton will post 2.64 EPS for the current year.

Insider Buying and Selling at Halliburton

In related news, CEO Jeffrey Allen Miller sold 171,200 shares of the business’s stock in a transaction that occurred on Friday, January 23rd. The stock was sold at an average price of $34.96, for a total transaction of $5,985,152.00. Following the transaction, the chief executive officer directly owned 1,101,243 shares of the company’s stock, valued at approximately $38,499,455.28. The trade was a 13.45% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Jeffrey Shannon Slocum sold 5,441 shares of the business’s stock in a transaction on Monday, March 16th. The shares were sold at an average price of $33.82, for a total value of $184,014.62. Following the completion of the sale, the chief operating officer owned 187,423 shares of the company’s stock, valued at $6,338,645.86. This trade represents a 2.82% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 415,508 shares of company stock valued at $15,291,882 in the last 90 days. Company insiders own 0.56% of the company’s stock.

Institutional Trading of Halliburton

Several large investors have recently modified their holdings of the stock. Cullen Frost Bankers Inc. acquired a new position in Halliburton in the third quarter valued at about $25,000. Nvest Wealth Strategies Inc. acquired a new position in shares of Halliburton in the 4th quarter valued at approximately $25,000. Kelleher Financial Advisors acquired a new stake in shares of Halliburton during the 3rd quarter worth approximately $25,000. Newbridge Financial Services Group Inc. bought a new stake in Halliburton during the second quarter worth $25,000. Finally, Zions Bancorporation National Association UT increased its stake in shares of Halliburton by 196.4% in the 4th quarter. Zions Bancorporation National Association UT now owns 981 shares of the oilfield services company’s stock valued at $28,000 after purchasing an additional 650 shares during the last quarter. 85.23% of the stock is owned by institutional investors and hedge funds.

Key Stories Impacting Halliburton

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About Halliburton

(Get Free Report)

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.

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Analyst Recommendations for Halliburton (NYSE:HAL)

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