Analysts Set Halliburton (NYSE:HAL) PT at $40.74

Halliburton (NYSE:HAL - Get Free Report) has earned an average rating of "Moderate Buy" from the twenty analysts that are covering the firm, Marketbeat reports. Three analysts have rated the stock with a hold recommendation, sixteen have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $40.74.

A number of research analysts have issued reports on HAL shares. Raymond James reduced their price objective on shares of Halliburton from $41.00 to $37.00 and set a "strong-buy" rating on the stock in a research report on Friday, November 8th. Dbs Bank began coverage on shares of Halliburton in a report on Wednesday, September 18th. They issued a "buy" rating and a $45.00 price objective for the company. Barclays reduced their target price on Halliburton from $47.00 to $43.00 and set an "overweight" rating on the stock in a report on Friday, November 8th. Stifel Nicolaus dropped their price target on Halliburton from $45.00 to $42.00 and set a "buy" rating on the stock in a research report on Friday, October 11th. Finally, BMO Capital Markets reduced their price target on Halliburton from $40.00 to $38.00 and set a "market perform" rating on the stock in a research note on Thursday, October 10th.

Institutional Trading of Halliburton

A number of large investors have recently made changes to their positions in the stock. Pacer Advisors Inc. grew its holdings in shares of Halliburton by 17,317.6% in the second quarter. Pacer Advisors Inc. now owns 13,631,188 shares of the oilfield services company's stock worth $460,462,000 after acquiring an additional 13,552,927 shares during the period. Franklin Resources Inc. boosted its position in Halliburton by 244.5% in the third quarter. Franklin Resources Inc. now owns 4,513,560 shares of the oilfield services company's stock worth $138,025,000 after purchasing an additional 3,203,224 shares during the last quarter. LSV Asset Management grew its stake in shares of Halliburton by 24,954.1% during the 2nd quarter. LSV Asset Management now owns 2,730,900 shares of the oilfield services company's stock valued at $92,250,000 after purchasing an additional 2,720,000 shares during the period. Thompson Siegel & Walmsley LLC bought a new stake in shares of Halliburton during the 3rd quarter valued at about $55,132,000. Finally, Dimensional Fund Advisors LP increased its position in shares of Halliburton by 20.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 10,087,115 shares of the oilfield services company's stock valued at $340,752,000 after purchasing an additional 1,681,620 shares during the last quarter. 85.23% of the stock is currently owned by institutional investors.

Halliburton Trading Down 4.1 %

Shares of Halliburton stock traded down $1.24 during trading on Friday, reaching $28.78. 10,347,226 shares of the stock were exchanged, compared to its average volume of 9,146,110. The company has a quick ratio of 1.62, a current ratio of 2.21 and a debt-to-equity ratio of 0.74. The firm has a market cap of $25.28 billion, a price-to-earnings ratio of 10.03, a price-to-earnings-growth ratio of 3.78 and a beta of 1.90. Halliburton has a 1 year low of $27.26 and a 1 year high of $41.56. The stock's fifty day moving average is $29.87 and its 200 day moving average is $31.56.

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

Halliburton Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 26th. Investors of record on Wednesday, December 4th will be given a dividend of $0.17 per share. The ex-dividend date is Wednesday, December 4th. This represents a $0.68 annualized dividend and a dividend yield of 2.36%. Halliburton's dividend payout ratio (DPR) is presently 23.69%.

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.