Halliburton (NYSE:HAL) Receives $48.75 Consensus PT from Brokerages

Halliburton (NYSE:HAL) has been given an average rating of “Buy” by the sixteen analysts that are covering the company, Marketbeat reports. One investment analyst has rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating on the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $47.59.

HAL has been the topic of several recent research reports. UBS Group boosted their target price on Halliburton from $46.00 to $51.00 and gave the stock a “buy” rating in a report on Tuesday, April 23rd. Citigroup lowered their target price on Halliburton from $50.00 to $45.00 and set a “buy” rating on the stock in a report on Friday, June 28th. Piper Sandler lowered their target price on Halliburton from $49.00 to $46.00 and set an “overweight” rating on the stock in a report on Monday. TD Cowen boosted their target price on Halliburton from $47.00 to $48.00 and gave the stock a “buy” rating in a report on Wednesday, April 24th. Finally, Susquehanna restated a “positive” rating and set a $49.00 target price on shares of Halliburton in a report on Monday, April 8th.

Halliburton Trading Up 1.1 %

HAL stock opened at $36.36 on Thursday. The company has a current ratio of 2.12, a quick ratio of 1.52 and a debt-to-equity ratio of 0.79. Halliburton has a 12-month low of $32.60 and a 12-month high of $43.85. The stock has a market cap of $32.19 billion, a price-to-earnings ratio of 12.58, a PEG ratio of 0.90 and a beta of 1.93. The business’s 50-day moving average is $34.92 and its 200 day moving average is $36.13.

Halliburton (NYSE:HAL) last posted its quarterly earnings data on Tuesday, April 23rd. The oilfield services company reported $0.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.74 by $0.02. Halliburton had a return on equity of 30.84% and a net margin of 11.20%. The company had revenue of $5.80 billion for the quarter, compared to analysts’ expectations of $5.67 billion. During the same period in the previous year, the firm posted $0.72 EPS. Halliburton’s revenue was up 2.2% compared to the same quarter last year. On average, sell-side analysts anticipate that Halliburton will post 3.37 EPS for the current fiscal year.

Halliburton Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 26th. Shareholders of record on Wednesday, June 5th were given a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 1.87%. The ex-dividend date of this dividend was Wednesday, June 5th. Halliburton’s payout ratio is 23.53%.

Insider Buying and Selling at Halliburton

In other Halliburton news, SVP Jill D. Sharp sold 3,346 shares of the business’s stock in a transaction that occurred on Tuesday, May 7th. The stock was sold at an average price of $37.00, for a total value of $123,802.00. Following the sale, the senior vice president now owns 40,185 shares of the company’s stock, valued at $1,486,845. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Halliburton news, insider Jeffrey Shannon Slocum sold 38,941 shares of the business’s stock in a transaction on Tuesday, May 7th. The shares were sold at an average price of $36.92, for a total value of $1,437,701.72. Following the completion of the transaction, the insider now owns 130,783 shares in the company, valued at $4,828,508.36. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Jill D. Sharp sold 3,346 shares of the business’s stock in a transaction on Tuesday, May 7th. The stock was sold at an average price of $37.00, for a total transaction of $123,802.00. Following the completion of the transaction, the senior vice president now owns 40,185 shares of the company’s stock, valued at approximately $1,486,845. The disclosure for this sale can be found here. Insiders have sold a total of 52,287 shares of company stock valued at $1,930,704 over the last quarter. 0.61% of the stock is owned by company insiders.

Hedge Funds Weigh In On Halliburton

Several institutional investors have recently modified their holdings of the business. Farmers & Merchants Investments Inc. grew its stake in shares of Halliburton by 27.2% in the fourth quarter. Farmers & Merchants Investments Inc. now owns 1,385 shares of the oilfield services company’s stock worth $50,000 after acquiring an additional 296 shares in the last quarter. Massachusetts Wealth Management grew its stake in shares of Halliburton by 1.7% in the first quarter. Massachusetts Wealth Management now owns 18,325 shares of the oilfield services company’s stock worth $722,000 after acquiring an additional 300 shares in the last quarter. Beacon Capital Management LLC grew its stake in shares of Halliburton by 28.8% in the first quarter. Beacon Capital Management LLC now owns 1,382 shares of the oilfield services company’s stock worth $54,000 after acquiring an additional 309 shares in the last quarter. GPS Wealth Strategies Group LLC grew its stake in shares of Halliburton by 16.2% in the fourth quarter. GPS Wealth Strategies Group LLC now owns 2,363 shares of the oilfield services company’s stock worth $85,000 after acquiring an additional 329 shares in the last quarter. Finally, Guinness Atkinson Asset Management Inc grew its stake in shares of Halliburton by 3.1% during the second quarter. Guinness Atkinson Asset Management Inc now owns 10,847 shares of the oilfield services company’s stock worth $366,000 after purchasing an additional 330 shares in the last quarter. Institutional investors and hedge funds 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.