Jefferies Financial Group Has Lowered Expectations for Halliburton (NYSE:HAL) Stock Price

Halliburton (NYSE:HAL) had its price objective reduced by research analysts at Jefferies Financial Group from $43.00 to $41.00 in a research note issued on Friday,Benzinga reports. The firm presently has a “buy” rating on the oilfield services company’s stock. Jefferies Financial Group’s price objective points to a potential upside of 48.17% from the stock’s current price.

HAL has been the subject of several other research reports. Barclays reiterated an “equal weight” rating and issued a $33.00 target price (down previously from $43.00) on shares of Halliburton in a research report on Wednesday, December 18th. Dbs Bank began coverage on shares of Halliburton in a research report on Wednesday, September 18th. They issued a “buy” rating and a $45.00 price target on the stock. BMO Capital Markets lowered their price objective on shares of Halliburton from $40.00 to $38.00 and set a “market perform” rating for the company in a research report on Thursday, October 10th. Piper Sandler assumed coverage on Halliburton in a research report on Thursday, December 19th. They set an “overweight” rating and a $36.00 price target for the company. Finally, Bank of America lowered their price objective on shares of Halliburton from $40.00 to $38.00 and set a “buy” rating on the stock in a research note on Monday, October 14th. Six analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $38.95.

Halliburton Trading Down 0.2 %

HAL traded down $0.06 during trading on Friday, hitting $27.67. 1,757,658 shares of the company’s stock were exchanged, compared to its average volume of 3,968,396. The stock has a 50 day moving average price of $29.03 and a 200 day moving average price of $30.59. The company has a current ratio of 2.21, a quick ratio of 1.62 and a debt-to-equity ratio of 0.74. Halliburton has a 1 year low of $25.51 and a 1 year high of $41.56. The firm has a market cap of $24.31 billion, a P/E ratio of 9.64, a price-to-earnings-growth ratio of 3.55 and a beta of 1.90.

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

Institutional Investors Weigh In On Halliburton

Institutional investors and hedge funds have recently bought and sold shares of the business. Geode Capital Management LLC boosted its holdings in shares of Halliburton by 0.8% in the 3rd quarter. Geode Capital Management LLC now owns 20,630,361 shares of the oilfield services company’s stock valued at $597,234,000 after purchasing an additional 172,505 shares in the last quarter. Pacer Advisors Inc. grew its position in Halliburton by 23.1% in the third quarter. Pacer Advisors Inc. now owns 16,782,174 shares of the oilfield services company’s stock valued at $487,522,000 after acquiring an additional 3,150,986 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in Halliburton by 20.0% during the second quarter. Dimensional Fund Advisors LP now owns 10,087,115 shares of the oilfield services company’s stock worth $340,752,000 after acquiring an additional 1,681,620 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Halliburton by 2.1% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,742,352 shares of the oilfield services company’s stock worth $166,815,000 after acquiring an additional 115,504 shares during the last quarter. Finally, Thrivent Financial for Lutherans boosted its stake in shares of Halliburton by 22.0% in the 3rd quarter. Thrivent Financial for Lutherans now owns 5,520,383 shares of the oilfield services company’s stock valued at $160,367,000 after purchasing an additional 995,649 shares in the last quarter. Institutional investors own 85.23% of the company’s stock.

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.