Halliburton (NYSE:HAL) Reaches New 12-Month Low - Time to Sell?

Halliburton (NYSE:HAL - Get Free Report) shares hit a new 52-week low on Monday . The company traded as low as $25.46 and last traded at $25.54, with a volume of 155061 shares trading hands. The stock had previously closed at $26.02.

Analyst Upgrades and Downgrades

HAL has been the subject of a number of research reports. Stifel Nicolaus decreased their price target on shares of Halliburton from $42.00 to $37.00 and set a "buy" rating for the company in a research note on Thursday, January 23rd. Piper Sandler began coverage on Halliburton in a research note on Thursday, December 19th. They issued an "overweight" rating and a $36.00 target price for the company. Jefferies Financial Group reduced their price target on Halliburton from $43.00 to $41.00 and set a "buy" rating on the stock in a research note on Friday, January 3rd. Barclays lowered their price objective on Halliburton from $32.00 to $30.00 and set an "equal weight" rating for the company in a research report on Thursday, January 23rd. Finally, Raymond James downgraded shares of Halliburton from a "strong-buy" rating to a "market perform" rating in a research note on Monday, January 6th. Seven analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat.com, Halliburton currently has a consensus rating of "Moderate Buy" and an average target price of $37.42.

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Halliburton Price Performance

The firm has a market capitalization of $22.37 billion, a PE ratio of 9.00, a PEG ratio of 3.60 and a beta of 1.89. The company has a debt-to-equity ratio of 0.68, a current ratio of 2.05 and a quick ratio of 1.54. The firm has a 50-day simple moving average of $28.00 and a 200-day simple moving average of $29.50.

Halliburton (NYSE:HAL - Get Free Report) last announced its 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). The business had revenue of $5.70 billion for the quarter, compared to analysts' expectations of $5.83 billion. Halliburton had a net margin of 10.90% and a return on equity of 26.03%. The firm's quarterly revenue was down 1.8% on a year-over-year basis. During the same period in the prior year, the company posted $0.79 earnings per share. As a group, equities analysts forecast that Halliburton will post 2.67 earnings per share for the current year.

Halliburton Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 26th. Stockholders of record on Wednesday, December 4th were paid a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 2.67%. The ex-dividend date of this dividend was Wednesday, December 4th. Halliburton's dividend payout ratio (DPR) is currently 24.03%.

Institutional Investors Weigh In On Halliburton

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. MidWestOne Financial Group Inc. increased its stake in shares of Halliburton by 4.4% in the third quarter. MidWestOne Financial Group Inc. now owns 8,610 shares of the oilfield services company's stock worth $250,000 after purchasing an additional 359 shares in the last quarter. Public Sector Pension Investment Board grew its holdings in Halliburton by 0.3% during the 3rd quarter. Public Sector Pension Investment Board now owns 154,210 shares of the oilfield services company's stock valued at $4,480,000 after buying an additional 390 shares in the last quarter. Brown Brothers Harriman & Co. raised its position in shares of Halliburton by 28.8% during the third quarter. Brown Brothers Harriman & Co. now owns 1,759 shares of the oilfield services company's stock valued at $51,000 after buying an additional 393 shares during the last quarter. Northwest Bank & Trust Co lifted its holdings in shares of Halliburton by 3.2% in the third quarter. Northwest Bank & Trust Co now owns 12,979 shares of the oilfield services company's stock worth $377,000 after buying an additional 397 shares in the last quarter. Finally, HBW Advisory Services LLC boosted its position in shares of Halliburton by 3.9% during the fourth quarter. HBW Advisory Services LLC now owns 10,504 shares of the oilfield services company's stock worth $286,000 after acquiring an additional 397 shares during the last quarter. 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.