Barclays Reiterates “Equal Weight” Rating for Halliburton (NYSE:HAL)

Halliburton (NYSE:HAL)‘s stock had its “equal weight” rating reaffirmed by equities researchers at Barclays in a research report issued on Wednesday, Marketbeat reports. They currently have a $33.00 price objective on the oilfield services company’s stock, down from their prior price objective of $43.00. Barclays‘s price objective would indicate a potential upside of 21.35% from the company’s current price.

HAL has been the topic of a number of other reports. Royal Bank of Canada downgraded shares of Halliburton from an “outperform” rating to a “sector perform” rating and reduced their price objective for the stock from $44.00 to $37.00 in a research report on Friday, September 13th. UBS Group downgraded shares of Halliburton from a “buy” rating to a “neutral” rating and decreased their price target for the company from $36.00 to $34.00 in a research note on Monday, December 9th. Susquehanna cut their price objective on shares of Halliburton from $42.00 to $40.00 and set a “positive” rating on the stock in a research report on Friday, November 8th. BMO Capital Markets decreased their target price on Halliburton from $40.00 to $38.00 and set a “market perform” rating for the company in a research report on Thursday, October 10th. Finally, Stifel Nicolaus cut their price target on Halliburton from $45.00 to $42.00 and set a “buy” rating on the stock in a report on Friday, October 11th. Six equities research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $39.79.

Halliburton Trading Down 2.4 %

NYSE:HAL opened at $27.20 on Wednesday. Halliburton has a 52 week low of $27.03 and a 52 week high of $41.56. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.62 and a current ratio of 2.21. The firm’s fifty day moving average is $29.63 and its 200-day moving average is $31.16. The firm has a market cap of $23.89 billion, a P/E ratio of 9.48, a P/E/G ratio of 3.61 and a beta of 1.90.

Halliburton (NYSE:HAL) last issued its quarterly earnings results on Thursday, November 7th. The oilfield services company reported $0.73 EPS for the quarter, missing analysts’ consensus estimates of $0.75 by ($0.02). Halliburton had a net margin of 11.04% and a return on equity of 28.33%. The firm had revenue of $5.70 billion for the quarter, compared to the consensus estimate of $5.83 billion. During the same period last year, the company posted $0.79 EPS. The business’s revenue was down 1.8% compared to the same quarter last year. Equities analysts expect that Halliburton will post 3 earnings per share for the current year.

Hedge Funds Weigh In On Halliburton

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Country Trust Bank bought a new stake in Halliburton in the third quarter worth about $36,000. Continuum Advisory LLC grew its holdings in Halliburton by 101.2% during the third quarter. Continuum Advisory LLC now owns 1,388 shares of the oilfield services company’s stock valued at $42,000 after purchasing an additional 698 shares during the period. ORG Wealth Partners LLC purchased a new stake in Halliburton in the third quarter worth $44,000. Mattson Financial Services LLC bought a new stake in shares of Halliburton in the second quarter valued at $54,000. Finally, Venturi Wealth Management LLC grew its stake in shares of Halliburton by 34.2% during the 3rd quarter. Venturi Wealth Management LLC now owns 1,618 shares of the oilfield services company’s stock worth $47,000 after acquiring an additional 412 shares during the period. 85.23% of the stock is owned by hedge funds and other institutional investors.

Halliburton Company Profile

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.